Cumberland Advisors Week in Review (Jan 25, 2021 – Jan 29, 2021)

Author: Cumberland Advisors, Post Date: January 30, 2021
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The Cumberland Advisors Week in Review is a recap of news, commentary, and opinion from our team.

Market Commentary - Cumberland Advisors - Week in Review - Saturday Recap 2021

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.

CUMBERLAND ADVISORS’ WEEKLY RECAP

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.


 

Matt McAleer & Equities / ETFs
-Lots of headlines
-We reiterate over and over: What can go right? What can go wrong?
-Take your eye off those scenarios and your performance tends to wane
-What blew up this week and why?
-We talk about the mechanics behind the week’s headlines
-A keen point we underscore: who is in the position with you?
-The market is a beautiful gauge of who ignores risk
-What did we do this week? Matt details this and elaborates on “feeding the ducks.”
-How about systemic risk? What do we look at?
-Keep your head on straight, understand risk/reward, and see you next week!

John Mousseau & Fixed Income / Munis
-Quiet week in Bond Market
-What do we make of the spread between Treasurys and Munis? And does the Bond Market care about what’s happening in equities?
-What would a tax hike do to markets?
-Employment numbers and spending bills are something to watch

We had two commentaries go out Friday and they’re linked here in case you missed them or aren’t a subscriber:
1) ERP & The Stock Market by David R. Kotok
2) FOMC, January 2021 by Robert Eisenbeis, Ph.D.

Please reach out with any questions/comments you may have about this update; we appreciate your calls, comments, and emails. Watch in the player above or at this link: https://youtu.be/U9KCUn_LtQ0

Have a great weekend
-Matt McAleer & Cumberland Advisors

Send your feedback from today’s email/video to Matt. You can reach him at:
-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 info@cumber.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/


Cumberland Advisors Market Commentary

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/


FOMC, January 2021

Author: Robert Eisenbeis, Ph.D., Post Date: January 29, 2021

Robert Eisenbeis

To no one’s surprise, the FOMC kept its target range for the federal funds rate at 0–.25% and reaffirmed that it will continue adding to its portfolio at the rate of $120 billion per month, in a mix of at least $80 billion in US Treasuries and $40 billion in agency MBS. The Committee’s statement […]


ERP & The Stock Market

Author: David R. Kotok, Post Date:

CA-David-Kotok-Bio-2021

The tall man eats dinner every Tuesday at the same restaurant on 58th St. in NY. He loosens his bowtie after working late on Tuesday nights; he sits at his usual table; he orders the usual meal from the same waiter who has served him for the last 14 years. The waiter, Demetrius, brings the bowl […]


The Polar Vortex Is Coming To A State Near You!

Author: Bob Bunting, Post Date: January 28, 2021

Climate Adaptation Center

At Cumberland, we pay attention to weather trends and phenomena since severe weather and the destruction left in its wake can affect municipal bonds and reconstruction efforts may result in new bond offerings to meet repair and improvement costs. Bob Bunting, CEO of the Climate Adaptation Center (CAC), has given us permission to share his […]


COVID Legal liability & Markets

Author: David R. Kotok, Post Date: January 26, 2021

Market Commentary - Cumberland Advisors - COVID Legal liability & Markets

The political debate over COVID-related liabilities of businesses is intense. Companies want a federal shield, which McConnell-McCarthy haven’t been able to get for them. Trial lawyers want an open target, which Pelosi-Schumer haven’t been able to get for them. A bipartisan Senate group was trying to broker a compromise. (“No Agreement on Covid-Aid Liability Reached,” […]


US vs. China – Competition vs. Conflict

Author: William Witherell, Ph.D., Post Date: January 25, 2021

Market Commentary - Cumberland Advisors - US vs. China – Competition vs. Conflict

China’s economy grew at a 6.5% year-over-year rate in the fourth quarter, bringing growth for the full year 2020 to 2.3%. China’s was the only major economy to expand last year, despite the outbreak of the pandemic and the related economic shutdowns early in the year in China. That positive growth compares with a 3.5% […]


Palindromes

Author: David R. Kotok, Post Date: January 24, 2021

Market-Commentary-Cumberland-Advisors-David-Sunday-Palindromes

When I was in the first grade, my teacher said, “David, do you know what you are?” She was reading my last name. In the second grade, the same thing happened. By the fifth grade, I could deliver the lecture: “I’m a palindrome.” The word originates with the Greek palindromos, which means running back again. […]


Week in Review (Jan 18, 2021 – Jan 22, 2021)

Author: Cumberland Advisors, Post Date: January 23, 2021

Cumberland-Advisors-Market-Update-20210122

The Cumberland Advisors Week in Review is a recap of news, commentary, and opinion from our team.


Fed Attack Responses

Author: David R. Kotok, Post Date: January 21, 2021

Fed Attack Responses

Fed Attack Responses We promised we would present responses to our “Attack on the Fed” discussion (https://www.cumber.com/cumberland-advisors-market-commentary-attack-on-the-fed-market-reaction-a-one-day-saga/). But before we do, we must offer an apology to Senator Pat Toomey, whom we criticized in that commentary for appearing to attempt to limit the Federal Reserve’s emergency lending authority. The back story reveals that Senator Toomey […]


Cash!

Author: David R. Kotok, Post Date: January 19, 2021

CA-Market-Commentary-Cash-by-Kotok We would like to suggest that readers take time to read Josh Brown’s December 29 column at The Reformed Broker, “How to avoid bear markets” (https://thereformedbroker.com/2020/12/29/how-to-avoid-bear-markets/). We thank Josh’s colleague Barry Ritholtz for including it in the daily Ritholtz Reads column. Here’s a summary excerpt from Barry Ritholtz’s daily column (January 2, 2020): “There’s a very simple way […]


A Sunday Potpourri

Author: David R. Kotok, Post Date: January 17, 2021

Market-Commentary-Cumberland-Advisors-David-Sunday-A Sunday Potpourri This Sunday morning, we would like to whisk you away from the world of politics for a few minutes. First, we’ll consider the outsized consequences of acting without thinking. We thank Bill D. for forwarding this 30-second clip: “Why we don’t do fireworks at Christmas,” https://www.youtube.com/watch?v=ycviJ-421Z8 Second, we offer, as a counterpoint, an extraordinary human […]


Week in Review (Jan 11, 2021 – Jan 15, 2021)

Author: Cumberland Advisors, Post Date: January 16, 2021

Cumberland-Advisors-Market-Update-20210115(NEW)

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 […]


JOLTS and a Sobering View of Labor Market Conditions

Author: Robert Eisenbeis, Ph.D., Post Date: January 15, 2021

Robert Eisenbeis Although the news is somewhat stale, the January 12 release of the BLS’s Job Openings and Labor Turnover Survey (JOLTS) for November provides some additional information about the underlying dynamics of the labor market as we approached the December virus surge. The picture we see reflects some calming in the labor market after a huge […]


The Blue Wave & What is Means for the Bond Markets:

https://www.cumber.com/cumberland-advisors-market-commentary-the-blue-wave-and-the-bond-markets/

CA-John-R-Mousseau-The Blue Wave and the Bond Markets


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

Cumberland Advisors - Frontline Nurses - The USF Program and Why To Do It

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.


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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.

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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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