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 is always welcome.
As part of Cumberland Advisors’ continuous effort to maintain strong customer relationships, we offer this week’s short video discussing current market conditions and how we are positioning portfolios.
-Strong week across the board
-Nice bid internationally
-Emerging and developed markets doubled the S&P & Qs here
-Market ignored politics from a price standpoint this week
-Extreme politics can undermine confidence in markets. We’re not seeing that yet.
-Let’s keep our eyes on interest rates
-The rise in interest rates this week changing some risk/reward dynamics
John Mousseau & Fixed Income / Munis
-Georgia Senators now Democrat
-What did turmoil this week mean to the bond market?
-Blue wave underlining an expectation of spending/stimulus
-10yr bond yield up 18 ticks, 30yr nond yield up 23 ticks
-Yield Curve has become steeper
-Inflation expectations are picking up. Expectations in the bond markets is just as important as outright inflation itself.
-Muni Bond yields? Not much of an uptick. They continue to be in demand with expectations of tax rates going up in the future.
-Muni Bond supply expected to increase, maybe a flood of supply this late winter, early spring.
-We’re fairly defensively positioned right now and we’re looking to take advantage of an increase new issuance.
-Municipal Credit looks good going forward and an expectation of an infrastructure program under a Biden government
-We’re watching the CPI closely
-Have a good weekend after this tumultuous week
-I’d appreciate it if you’d read my commentary if you haven’t already, The Blue Wave and the Bond Markets, which you can find here:
-Matt McAleer & Cumberland Advisors
-Link to Matt’s Email: Matthew.McAleer@Cumber.com
-Link to Matt’s Twitter: https://twitter.com/MattMcAleer4
-Link to Matt’s LinkedIn: https://www.linkedin.com/in/matthew-c-mcaleer/
-Call Matt: (800) 257-7013Other questions or comments? Email us at email@example.com or give us a call at (800) 257-7013.
Contact Matt or any one of our advisors by following this link: https://www.cumber.com/our-people/
In the News…
Quoted: David R. Kotok | Posted on: 01/06/2021 read more
Quoted: John R. Mousseau | Posted on: 01/06/2021 read more
Quoted: John R. Mousseau, CFA | Posted on: 01/01/2021 read more
Quoted: David R. Kotok | Posted on: 01/01/2021 read more
Quoted: John R. Mousseau, CFA | Posted on: 01/01/2021 read more
A message from David R. Kotok
Frontline Nurses: The USF Program & Why To Do It
Now, there’s a new USF (University of South Florida) program for nurses, “Frontline Nursing During COVID-19: A New Paradigm,” is coming online. It includes four webinars and focuses on helping nurses, who dedicate their careers to caring for others, to take care of themselves in the midst of and beyond the crisis.
The program is free for any nurse anywhere in the world and especially in the United States. It was developed by the USF College of Nursing. It will give nurses continuing education credits, and it will do so at zero cost to the nurses who sign up.
Here’s the program link and the details: https://health.usf.edu/nursing/frontline-nursing
Please share the link and spread the word about this program. We want to protect our nurses. We want them alive and healthy. The ancient words apply: “If you save a single life, it is as if you have saved the entire world.” Join me, and let’s try to save nurses’ lives and patients’ lives, too.
Cumberland Advisors Market Commentary offers 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. Our readers appreciate its timeliness, depth of analysis, and quality of research.
Read current and past commentaries here: https://www.cumber.com/category/market-commentary/
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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.