Cumberland Advisors Market Commentary – Why the US has a COVID Data Crisis

Author: David R. Kotok, Post Date: August 30, 2020

Congratulations to all. We’ve now endured and survived two political conventions. According to various pollsters, we’re mostly unchanged in our political views. We have witnessed two starkly contrasting and totally scripted messages. And we’ve had two hurricanes and massive wildfires, on top of COVID-19, to remind us that Mother Nature ignores politicians.

Cumberland Advisors Market Commentary - Why the US has a COVID Data Crisis

We humans are able to act if we have information we can trust. But, in the US and in my home state of Florida, as Hamlet mused in Shakespeare’s immortal play, “There’s the rub.”

Please take a few minutes to read Amy Maxmen’s recent piece at “Why the United States is having a coronavirus data crisis,” As you do, please think about South Korea and what that country does and how it does it. Then please reflect on what you know about COVID-19 data and the trustworthiness of that data in the US.

As a Florida resident working in a Florida-based company, I am able to observe Floridians who are clients, referring professionals, independent businesses, retirees, working citizens, and members of the education community, both teachers and students, who are dealing with school-opening data or lack of same. 

My takeaway is consistently confirmed as I ask Florida folks the same question over and over: Do you trust your state government’s public health data and the advice coming from the DeSantis regime?

The nearly universal answer is “no.” Governor DeSantis’s sinking approval rating in the polls quantifies that answer. In Florida many older citizens fear COVID-19 for good reasons. They’ve witnessed deaths and disease at the same time they have heard Ron DeSantis messaging them with a conflicting approach. And now it is the schooling community’s turn to fear COVID-19 results, as data concerning student and teacher COVID cases and exposure are or are not revealed.

Florida’s COVID response, including its data management, wasn’t the theme of the conventions, which are national and not Florida-focused. But Florida is a key election prize. Trump cannot be re-elected without Florida’s 29 Electoral College votes. Biden is currently ahead in Florida polls, although we see wide error margins. And here in Florida both of the election campaigns are fully engaged. 

We think Florida’s election is really too close to call. We will have more on Florida in future writings, as Florida is big enough to alter the national business recovery and markets’ reactions.

Here again is the piece we recommend reading about data: “Why the United States is having a coronavirus data crisis,”

To be fair and accurate, we should add that Florida has made a decision not to immediately follow the new, surprise CDC guideline to eliminate testing of asymptomatic people who have been exposed to COVID, a move that suggests DeSantis is finally realizing he must change his pandemic-related decision-making behavior. Better late than never. (“California, Florida, New York, Texas will not follow new U.S. COVID-19 testing plan,” Reuters, See also “Live updates: Public health departments across U.S. rebuke CDC over testing changes,” Washington Post,

Links to other websites or electronic media controlled or offered by Third-Parties (non-affiliates of Cumberland Advisors) are provided only as a reference and courtesy to our users. Cumberland Advisors has no control over such websites, does not recommend or endorse any opinions, ideas, products, information, or content of such sites, and makes no warranties as to the accuracy, completeness, reliability or suitability of their content. Cumberland Advisors hereby disclaims liability for any information, materials, products or services posted or offered at any of the Third-Party websites. The Third-Party may have a privacy and/or security policy different from that of Cumberland Advisors. Therefore, please refer to the specific privacy and security policies of the Third-Party when accessing their websites.

Sign up for our FREE Cumberland Market Commentaries

Cumberland Advisors Market Commentaries offer insights and analysis on upcoming, important economic issues that potentially impact global financial markets. Our team shares their thinking on global economic developments, market news and other factors that often influence investment opportunities and strategies.

cumber map
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.