Cumberland Advisors Week in Review (Jul 05, 2020 – Jul 10, 2020)

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

Week In Review

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.

Dear Clients & Friends,

Thank you for joining Cumberland Advisors for this end-of-week update on market conditions, bonds & equities with Matt McAleer, and John Mousseau, CFA.

Matt McAleer on ETFs & Equities
This week we talk about:
-S&P rallies, corrections, and sectors
-Why we watch JP Morgan & P&C Banks
-We are long banks despite awful 4 week run
-Energy? Trouble figuring out their balance sheets
-Outlook for International
-When we get dogmatic of thinking, we’re normally going to find ourselves behind the trade
-Finally, there’s been an unusual “Moose” sighting in Rhode Island!
 
John Mousseau’s Update on the Fixed Income Market
-Treasury Yields lower
-Why? Fear of pandemic spreading further
-Key: normalcy to bond market will follow decrease in infection rate
-Plenty of demand for high grade quality tax-free bonds
-Very large bond deals on the calendar next week
-CPI numbers next week
-Possible inflation next year
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/wx2bAV0Dmqs

 

-Matt McAleer

Matt enjoys your feedback. 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) 257-7013

Other 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/


IN THE NEWS

Cumberland Advisors In The News


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.

To read current and past commentaries, visit https://www.cumber.com/category/market-commentary/


MORE ON FED LIQUIDITY AND LENDING PROGRAMS

Author: Robert Eisenbeis, Ph.D., Post Date: July 10, 2020

Market Commentary - Cumberland Advisors - More on Fed Liquidity and Lending Programs (Eisenbeis)

The Federal Reserve continues to support financial markets, including the commercial paper market, the repo market, the municipal securities market, money market mutual funds, central bank liquidity swaps, and primary dealers. This is in addition to the usual discount window facility that provides credit to commercial banks. In many cases there are either published maximums […]


PAUL SCHULTE: Q & A, COVID, CHINA-US, AI, 5G, 2 BOOKS

Author: David R. Kotok, Post Date: July 9, 2020

Market Commentary - Cumberland Advisors - Paul Schulte Q&A, Covid, China-US, AI, 5G, 2 Books - Kotok

With honor and gratitude, we wish to introduce Paul Schulte, the founder of Singapore-based Schulte Research. His expertise in finance and technology are sought globally by serious investing institutions. We thank Paul for agreeing to answer a few questions in a Q&A.


COVID, BUSINESS, MEDIA, HEALTHCARE SECTOR

Author: David R. Kotok, Post Date: July 7, 2020

Forty-three percent of US COVID-19 deaths are linked to nursing homes. State figures range from a high of 80% in New Hampshire and 77% in Minnesota down to 27% in Nevada and 34% in Nebraska and Tennessee. See both “43% of U.S. Coronavirus Deaths Are Linked to Nursing Homes,” New York Times, June 27, 2020, […]


THE FED’S CORPORATE CREDIT FACILITY

Author: Robert Eisenbeis, Ph.D., Post Date: July 6, 2020

On June 15, the Federal Reserve published revised terms and conditions for what it calls its Secondary Market Corporate Credit Facility, which is a special-purpose vehicle (SPV) created to purchase in the secondary market corporate debt that meets certain eligibility requirements. See https://www.newyorkfed.org/markets/secondary-market-corporate-credit-facility/secondary-market-corporate-credit-facility-terms-and-conditions. Included will be individual corporate bonds, certain exchange-traded funds (ETFs), and bond […]


America’s Birthday

Author: David R. Kotok, Post Date: July 4, 2020

Happy Birthday AmericaWe celebrate America’s birthdate on July 4. For the great document declaring our independence to become a new kind of nation, we say “thank you” to Thomas Jefferson, author, and Benjamin Franklin, editorial consultant. During a seminar years ago at the National Constitution Center in Philadelphia, I was fortunate enough to participate in a lengthy […]


COVID-19, Opening Up Business and Facing Facts

Author: David R. Kotok, Post Date: July 2, 2020

Market Commentary - Cumberland Advisors - COVID-19, Opening Up Business & Facing Facts

In January 1944, General Eisenhower’s headquarters sent a top secret message to the US military’s weather planning service. It said something like, “We need your long-range weather forecast for June 1–10, 1944, for the coastal regions of Normandy.” The weather service […]


The Muni Selloff That Was

Author: John R. Mousseau, CFA, Post Date: July 1, 2020

As we come to the end of the second quarter of 2020, the pandemic is still with us, with cases are rising in the South and the West in a resurgence of the virus, amid further issues involving social […]


 More on Politics and Markets

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

In this 2020 political year, the issues, including COVID-19 and the Black Lives Matter protests, have political forecasts about as complex and difficult as anyone can imagine. An intensely divided country only adds to the complexity. Current polling notwithstanding, we still […]


 A Fish Story

Author: David R. Kotok, Post Date: June 29, 2020

Market Commentary - Cumberland Advisors - A Fish Story

“That is the biggest one I’ve ever seen,” said Ray Sockabasin. I agreed. We had finally gotten the large fish into the net and were holding him next to the canoe but keeping him in the water. “I wonder what it weighs?” Ray’s scale […]


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.