Cumberland Advisors Week in Review (Jul 27, 2020 – Jul 31, 2020)

Author: Cumberland Advisors, Post Date: August 1, 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 and John Mousseau, CFA.

This week:

Matt McAleer on ETFs & Equities

– Matt has some charts this week
– He first takes us through Domestic Sectors
– Next, he offers insight for the International Markets

John Mousseau’s Update on the Fixed Income Market
– John give us various rates for a big picture view of muniland
– He also discusses government relief for industries and local/state governments

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/L0ahbGPDjZE

 

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/


Markets, Election, Axios Poll

Author: David R. Kotok, Post Date: July 31, 2020

Cumberland Advisors Market Commentary For the next 100 days or so, the growing focus on the US election may drive news flows and alter markets. Remember, though, there is a chasm between what polls are saying now and what markets are pricing as expectations for tomorrow. Most market agents are looking at 2021 and are now focused on a […]


US Stock Market Sectors & Gainesville, Florida

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

Market Commentary - Cumberland Advisors - US Stock Market Sectors & Gainesville Florida We were about to publish this commentary on the American stock market sectors when a news item about the healthcare sector crossed our screen. So we have decided to lead with it and then go to the stock market. Here is a fresh report about behavior and its consequences at a medical school in Gainesville, […]


A Modest Proposal

Author: Robert Eisenbeis, Ph.D., Post Date: July 28, 2020

Market Commentary - Cumberland Advisors - A Modest Proposal “In practice, the Fed has never adopted operating procedures designed to control reserves in order to use the money multiplier relationship to control deposits.” (Goodfriend and Hargraves, “A Historical Assessment of the Rationales and Functions of Reserve Requirements,” Source: https://www.richmondfed.org) In response to the pandemic crisis, the Federal Reserve has cut the federal funds rate […]


Update on Fed Repo and Reverse Repo Facility

Author: Robert Eisenbeis, Ph.D., Post Date: July 27, 2020

Market Commentary - Cumberland Advisors - Update on Fed Repo and Reverse Repo Facility Details on offerings and takedowns are interesting and provide clues as to the state of liquidity, even given the large volume of Treasuries coming to market.


Rebekah Jones

Author: David R. Kotok, Post Date: July 26, 2020

Market Commentary - Cumberland Advisors - A Duel Over Data (Or, Three Cheers for Rebekah Jones) A Duel Over Data (Or, Three Cheers for Rebekah Jones) On April 20, 2020, Dr. Deborah Birx, response coordinator for the White House Coronavirus Task Force, praised the Florida Department of Health website for its useful detail: “The Florida Department of Health’s website is extraordinary, and this is what every department of health should have…. […]


Inflation coming? Maybe, maybe not?

Author: David R. Kotok, Post Date: July 23, 2020

Market Commentary - Cumberland Advisors - Inflation coming Maybe, maybe not There are many prescriptions and forecast models for a coming inflation or the lack of it. They range widely. Some forecasts include deflation. Inflation adjusted bonds (like TIPS) are currently priced for very low inflation. Nominal bond markets are saying that little to no inflation is expected. That is why high grade bonds are pricing […]


The Fed & Nonprofits

Author: David R. Kotok, Post Date: July 21, 2020

Market Commentary - Cumberland Advisors - The Fed & Nonprofits The extraordinary and massive COVID-19 economic shock has triggered another first-time action by our nation’s central bank. The Fed now has expanded a facility directed at lending to nonprofits. Among those nonprofits targeted are “educational institutions, hospitals, and social service organizations.” Here’s the link to the July 17 press release announcing the modification of the […]


Chinese Economy: Global Locomotive but Significant Risks

Author: William Witherell, Ph.D., Post Date: July 20, 2020

Market Commentary - Cumberland Advisors - Chinese Economy Global Locomotive but Significant Risks China’s economy, the second largest in the world after that of the United States, is recovering from a sharp slowdown in the first quarter of the year. The first estimate of the annualized second-quarter GDP growth rate is +3.2% versus 2.4% expected, a strong reversal from -6.8% in the first quarter. The advance indicates that […]


The Room Where It Happened Responses

Author: David R. Kotok, Post Date: July 19, 2020

Market Commentary - Cumberland Advisors - The Room Where It Happened Last Sunday morning we offered readers “The Room Where It Happened” (https://www.cumber.com/cumberland-advisors-market-commentary-the-room-where-it-happened/). We thank many readers for their kind replies. Here are just a few. Harvey wrote: “All I can say is, patience is a virtue, along with not wanting to spend hundreds to see a play, no matter how well done, when we knew […]


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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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