Cumberland Advisors Market Commentary – Men

Author: David R. Kotok, Post Date: November 1, 2020
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On October 18, we dedicated our Sunday morning missive to women. (See “Women,” https://www.cumber.com/cumberland-advisors-market-commentary-women/.) Men may not fall into that gender category, but they are part of the group that made that gender possible. So, this October blue moon, micro-moon, Halloween weekend, Sunday missive is about men.

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Please note that the majority of the politicians running for office on Tuesday are men. In order to put the current election into perspective, here’s a Johnny Carson clip from 1982: https://www.youtube.com/watch?v=hef7v6fp_DQ. We thank Earl for sending it to us.

Speaking of men, a 20-year-old man hacks another man’s voting record and changes the voter’s address. The victim is male, Florida’s Governor Ron Desantis. Here’s the story: “Gov. Ron DeSantis had trouble voting. A 20-year-old Florida man is to blame, police say,” https://www.washingtonpost.com/nation/2020/10/29/florida-man-desantis-voting-address/. So, is this the secure voting system the governor has promised Florida? Imagine how other voters responded if and when they went to vote and didn’t have the authority of the governor to straighten out a similar hacking.  Do we know or will we know how many address foul ups there were and if they kept people from voting?

Let’s talk about men as healthcare workers who are COVID victims. Here’s a summary from Global Health Now, a publication of the Johns Hopkins Bloomberg School of Public Health: “Health Workers Hit Hard, Early,” https://www.globalhealthnow.org/2020-10/health-workers-hit-hard-early:
“Across 13 states from March–May, ~6% of people hospitalized with COVID-19 were health workers:

  • 36.3% of them were nurses.
  • Over 67% had direct patient contact.
  • 72% were female.
  • Over 50% were Black, NBC reports.
  • 89.9% had an underlying health condition.”

And here’s the study published by the CDC: “COVID-19–Associated Hospitalizations Among Health Care Personnel — COVID-NET, 13 States, March 1–May 31, 2020,” https://www.cdc.gov/mmwr/volumes/69/wr/mm6943e3.htm.   We want to note that of the 438 nurses in this study of hospitalized healthcare workers, 131 were men.

Here are five offerings about men, expressing some of the diverse qualities that define the gender.

1. Percy Sledge, “When a Man Loves a Woman”: https://www.youtube.com/watch?v=7lp7FtJXp7k
2. Righteous Brothers (Bobby), “Unchained Melody”: https://www.youtube.com/watch?v=FZZqf3AVJbE
3. Otis Redding, “Sitting on the Dock of the Bay”: https://www.youtube.com/watch?v=wyPKRcBTsFQ
4. Christopher Cross, “Sailing”:  https://www.youtube.com/watch?v=VzgQoGvSKA4
5. In Act 4, scene 4 of Shakespeare’s Hamlet, the young prince of Denmark, still conflicted over what to do to avenge his father’s murder, ponders what it is that sets a man apart from a beast. He settles upon humanity’s capacity for discourse and reason:“What is a man
If his chief good and market of his time
Be but to sleep and feed? A beast, no more.
Sure He that made us with such large discourse,
Looking before and after, gave us not
That capability and godlike reason
To fust in us unused.”

(Hamlet, 4.4.35–41)

As for our election forecast, we expect the winners will be mostly males and many of them over 70.

Welcome to November.

 

David R. Kotok
Chairman of the Board & Chief Investment Officer
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