Cumberland Advisors Week in Review (Jul 13, 2020 – Jul 17, 2020)

Author: Cumberland Advisors, Post Date: July 18, 2020
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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, David Kotok, and John Mousseau, CFA.

This week:

Matt McAleer on ETFs & Equities

– Biotech & Pharma strong- solid week
– Basic Materials continues to rally
– Large cap growth mild pullback vs. value- we have seen this action before and it was short-lived…..Banks are key to value staying relevant as they produced a mixed bag of earnings this week.

 

John Mousseau’s Update on the Fixed Income Market
– A quiet summer-like week in the bond market
– Deals that came this week were fairly well subscribed
– The deals that get the most subscriptions now are the smaller deals that tend to come cheaper and they still can get 5, 6, 7 times oversubscribed
– As we move forward, we expect to see more deals to come to market
– We think issuers will come to market with some higher yields as the year moves forward
– New Jersey announced this week that they seek to raise $10B, New York seeks $11B through shorter and longer term deals. There will be some give on the deals based upon their size.
– We’re probably going to see this in other states as a result of coronavirus relapses and the negative effects on commerce
– Things to watch next week:
* We’ll be on the lookout for initial and continuing jobless claims
* Congress is still debating over new stimulus on behalf of state and local governments

David Kotok on the Virus and Markets
– We need effective vaccines and treatments
– Until then, we need the truth

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/3tJRuiQMKVU

Stay safe, healthy, and have a great weekend.

-Matt McAleer & Cumberland Advisors

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/


John Mousseau’s Oxford Presentation: Bond Markets Through the Virus

Author: David R. Kotok, Post Date: July 16, 2020

Market Commentary - Cumberland Advisors - John Mousseau's Oxford Presentation Bond Markets Through the Virus

John Mousseau did a live (online) presentation with Oxford University on Monday June 29th about insights on the bond markets, the macroeconomic landscape, and his take on potential career choices for students interested in finance and investing. His presentation topic was: Bond Markets Through the Virus  Analysis of Treasury, Taxable and Municipal Markets Analysis of Fed […]


COVID-19-Aerosols, Retrofitting & Construction, Stock Market Materials Sector

Author: David R. Kotok, Post Date: July 14, 2020

Market Commentary - Cumberland Advisors - COVID-19-Aerosols, Retrofitting & Construction, Stock Market Materials Sector

You might have noticed that there has been quite a flap lately about the idea that COVID-19 may be transmitted through the air. But isn’t that old news? Haven’t we recognized from the outset that we needed to distance ourselves from one another to minimize airborne spread of the virus? Yes, but we were talking […]


The Room Where It Happened

Author: David R. Kotok, Post Date: July 12, 2020

Market Commentary - Cumberland Advisors - The Room Where It Happened

“The Room Where It Happened” is a popular theme these days. Not just the book (surprise, surprise!), but also the song. Let’s use this missive to talk about it. Now that the Disney Channel has made the $1000-per-ticket version of Hamilton available for those with a lesser budget ($6.99), this marvelously imaginative theatre creation belongs on the […]


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, […]


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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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