Market Commentary

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Cumberland Advisors Market Commentary –  Happy Birthday to Cumberland

Author: David R. Kotok, Post Date: June 18, 2020
Market Commentary - Cumberland Advisors - Happy Birthday to Cumberland

June 18, 2020, is the 47th anniversary of the founding of Cumberland Advisors. My co-founding partner, the late Sheldon “Shep” Goldberg, and I had completed the filing with the Securities & Exchange Commission by mail. We complied with all appropriate rules. We used a special law firm whose expertise was needed in those days. And we […]

Cumberland Advisors Market Commentary – The FOMC: Whatever (and However Long) It Takes

Author: Robert Eisenbeis, Ph.D., Post Date: June 17, 2020
Market Commentary - Cumberland Advisors - The FOMC Whatever (and However Long) It Takes

To no one’s surprise, the FOMC in its June meeting reaffirmed its 0–25 basis-point target for the federal funds rate. Markets did not react well, especially since the announcement came on the heels of a fairly downbeat assessment by Chairman Powell regarding the expected slow path for the recovery and the problems in the labor […]

Cumberland Advisors Week in Review (Jun 08, 2020 – Jun 12, 2020)

Author: Cumberland Advisors, Post Date: June 13, 2020
Cumberland-Advisors-Market-Update-20200612

The Cumberland Advisors Week in Review is a recap of news, commentary, and opinion from our team. These are not revised assessments, and circumstances may have changed in the market from the time of original publication. We also include older commentaries that our editors have determined may be of interest to our audience. Your feedback […]

Cumberland Advisors Market Commentary –  Human Emotions, Structure of Strategy, and Diversification of Risk

Author: David R. Kotok, Post Date: June 10, 2020
Human Emotions, Structure of Strategy, and Diversification of Risk

Below is a 20 year comparison of MDY (the S&P 400 midcap index) and SPY (the S&P 500 largecap index). The 20 year relative performance gap is obvious. Please look carefully at those interim periods when MDY violently outperformed SPY and also look at reversals.   The typical investment question is “what happens next?” One […]

Cumberland Advisors Market Commentary – Digging Deeper

Author: Robert Eisenbeis, Ph.D., Post Date: June 9, 2020
Market Commentary - Cumberland Advisors - Digging Deeper- Who Was and Was Not Employed

On Friday, the Dow bounced over 750 points, reacting to the May employment report. In truth, it seems that participants never read beyond the first sentence, which stated: “Total nonfarm payroll employment rose by 2.5 million in May (private sector employment increased 3.1 million while government employment declined by 585 thousand) and the unemployment rate […]

Cumberland Advisors Market Commentary – Where Are Munis Getting Their Money?

Author: Patricia Healy, CFA, Post Date: June 8, 2020
Market Commentary - Cumberland Advisors - Where Are Munis Getting Their Money - Patricia Healy, CFA

Municipalities derive their revenues from many sources. At the state level, sales taxes, personal income taxes, and corporate taxes are the largest sources of revenue; and there are other taxes and fees that states can raise. We’ve all seen them, from gas taxes and fees to gambling and lottery revenue. Local governments and school districts […]

Cumberland Advisors Commentary – Four Guests

Author: David R. Kotok, Post Date: June 7, 2020
Market Commentary - Cumberland Advisors - Four Guests

I remember 1968. This is much bigger. In other commentaries we will deal with market reactions, economic outlook, and the impacts from the double whammy of rioting nationwide on top of COVID-19. This Sunday morning, we aren’t talking about markets. We’re hosting four guests. We’ll start with a 45-second question posed by educator and activist […]

Cumberland Advisors Week in Review (Jun 01, 2020 – Jun 05, 2020)

Author: Cumberland Advisors, Post Date: June 6, 2020
Cumberland-Advisors-Market-Update-2020-06-05

The Cumberland Advisors Week in Review is a recap of news, commentary, and opinion from our team. These are not revised assessments, and circumstances may have changed in the market from the time of original publication. We also include older commentaries that our editors have determined may be of interest to our audience. Your feedback […]

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Cumberland Advisors® is registered with the SEC under the Investment Advisers Act of 1940. All information contained herein is for informational purposes only and does not constitute a solicitation or offer to sell securities or investment advisory services. Such an offer can only be made in the states where Cumberland Advisors is either registered or is a Notice Filer or where an exemption from such registration or filing is available. New accounts will not be accepted unless and until all local regulations have been satisfied. This presentation does not purport to be a complete description of our performance or investment services. Please feel free to forward our commentaries (with proper attribution) to others who may be interested. It is not our intention to state or imply in any manner that past results and profitability is an indication of future performance. All material presented is compiled from sources believed to be reliable. However, accuracy cannot be guaranteed.
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