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 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.
Thank you for joining Cumberland Advisors for this end-of-week update on market conditions, bonds & equities with me, Matt McAleer, and John Mousseau. David Kotok joins us in a separate video further down in this commentary.
-Very quiet week in the bond market
-A continued narrowing between Munis and Treasuries, but not much
-Demand for Munis is back – some can be in their own universe
-Jobless claims are down a little – good sign
-The economy continues to open up and progress
-Overall a boring week. We like boring over all the volatility earlier this spring!Matt McAleer on Markets
-Encouraging to see a bid in small and mid caps
-We have some charts to share with you
-Lean on analytics and data to achieve a flexible view
-Where do we have cash?
-The strongest markets never let you in
-The weakest markets never let you out
-We’re in a very strong market
-1st chart – This chart measures the percent of stocks in the S&P 500 currently trading above their 10 week moving average
-2nd chart – When the S&P trades 10% above its 50 day moving average – very rare! How rare? It’s only occurred six times since 1955.
David Kotok talks about Masks, Markets, and ETFs
-Good to get outside (with a mask!)
-Societies that wear masks have better outcomes, we’re new to this
-I wear a mask to protect myself and you if I contract the virus and am asymptomatic
-Unusual times, incredible series of events, unthinkable in any forecast, unpredictable
-Let’s talk markets
-In our US ETF portfolio we are:
* Overweight Healthcare – we have remained that way and continue that way as of today
* Overweight ESG – Solar, Wind, Water – we have been that way and we continue that way
* Overweight Defense – the Defense Aerospace sector. I wish it weren’t so but the world looks to be getting more dangerous
* We are not fully invested today, we have a cash reserve, it has been there and it continues to be there. We’ll see when we’ll deploy it.
* We do not know how the economics will unfold, we do not know if a second wave of the virus is coming, and we do not know when we will have widespread vaccination and effective treatments
-Please be safe and careful
Thanks for joining us again this week. 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/isgC8sSacEI
Direct link to David’s video is here or watch in the player below: https://youtu.be/ouXWLBu8SE0
Stay safe, healthy, and have a great weekend.
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 firstname.lastname@example.org 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/
Bloomberg Daybreak Australia: David Kotok Discusses Dislocation in Markets/Economy
May 27, 2020 – Running time 48:27 – David joins at the 8:20 mark
David Kotok, Chairman & Chief Investment Officer at Cumberland Advisors, discusses markets, market dislocation, the economy, coronavirus, growth rates, liquidity, the bargain he sees in municipal bonds, and more. Hosted by Haidi Stroud-Watts.
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/
Financial Markets & the Economy – Financial Literacy Day.
Cumberland Advisors in partnership with the University of South Florida, Sarasota-Manatee (USFSM) and the Global Interdependence Center (GIC) are proud to host this annual event.
If you were able to attend our February 14, 2020 event in person, you know how valuable the information was and still is. Didn’t make it? Enjoy it now, on-demand.
As news of the coronavirus and its spread was mounting, we offered anyone in attendance a facemask as a precaution. This was two weeks in advance of the CDC making its recommendation and is an example of one of the forward thinking positions we endeavor to employ when it comes to our firm.
The University of South Florida, Sarasota-Manatee (USFSM) has once again provided a replay of the day’s event via their streaming server. Please click the graphic above or visit the following link to watch “Financial Markets and the Economy – Financial Literacy Day 2020.”
The documents are supplementary and provide further information and context to the presentations.
- USFSM Bloomberg Terminal: Eddie Sanchez
- Session I: Jay Bryson
- Session I: John Mousseau
- Session III: Nick Colas & Jessica Rabe
- Session III: Dave Nadig
Also, see Bloomberg’s website for Mike McKee’s interview with Loretta Mester, President and CEO, Federal Reserve Bank of Cleveland. Loretta was our keynote speaker and Mike joined us for the day at the University Of South Florida Sarasota-Manatee.
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.
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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.