Cumberland Advisors Week in Review (Oct 12, 2020 – Oct 16, 2020)
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.
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 & Equities / ETFs
-Just what the doctor ordered!
-A little backing and filling, some drawdown midweek met with demand
-We have an interesting Blackrock table to share with you and what we find shocking
-We see nervousness with traders and investors today
-Most calls into our trading desk are about what’s going wrong or what’s going to go wrong
-Very few calls are asking “what can go right,” “what does next year look like,” or “what does the liquidity from the Fed look like?”
-It’s very important for a trader or investor to ask questions about what can go wrong and what can go right
-Matt gives some opinion on what he thinks is tilting things toward negative
-Are we a country in decline? Matt says, “no!”
-Conduct a web search on Messenger RNA (mRNA), fascinating science.
-Use some of your COVID-downtime to learn new things, mRNA as an example
-Where can some of our new discoveries take us down the road?
-Some discoveries and their associated companies will become spectacular successes in the future, something to keep an eye on
John Mousseau & Fixed Income / Munis
-Yield move slowly upward over time
-Does the market expect a blue wave?
-Rates will continue to move up with anticipation of an improving economy
-Muni supply building, we expect to see some buying opportunities as this progresses
-Muni issuers looking to get their offerings into the market before the election
-Next week, looking at employment and new home sales
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/is3g8hHxWnY
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 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/
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/
On Sunday, Bloomberg reported that this year’s California fires had scorched more ground than the last three years of fires combined. Higher temperatures and greater winds have contributed to the spread. Year-to-date, the California fires have covered 4 million acres in 8,200 fires throughout the state. Some 8,400 homes and buildings have been lost, and […]
Market-moving events and data points are coming fast, and in a chaotic sequence. Here are some bullets we are watching. 1. The outlook for elections is still highly uncertain and volatile. Biden appears to be strengthening. Texas governor Greg Abbott has restricted drop boxes for absentee ballots to one per county (“Texas governor shuts down drop-off […]
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The global economy is expected to have registered a stronger than anticipated rebound in the third quarter with record-breaking growth rates after output collapsed in the first half of the because of the COVID-19 pandemic. The reopening of businesses and the easing of lockdowns and other restrictions in many countries allowed the rapid pickup in […]
We have a medley of remarkable performances for you this Sunday – a little diversion from the daily political and pandemic fare. Let’s kick things off with a rousing flash-mob rendition of Beethoven’s Symphony No. 9, Ode to Joy, performed years before COVID-19 entered our lives. It lifts us now out of this moment and […]
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United Kingdom stocks are underperforming the Eurozone markets as the nation faces the double challenges of an upsurge in virus infections and time running out in the deadlocked negotiations with the EU on Brexit. Over the past three months through September 24, the iShares MSCI United Kingdom ETF, EWU, lost 5.0% on a total return [Continued…]
The second quarter of 2020 saw the worst quarterly decline in economic terms since the Great Depression of the 1930s. The US economy literally fell off the COVID cliff. This downdraft side of a very sharp “V” has already made an economic bottom. (It was foretold by the March 23 low in the stock market.) [Continued…]
Zika Pamphlet by David R. Kotok
The Zika virus is mosquito-borne. The virus mutates frequently, just as all viruses do. And it can do serious damage to people. It is especially threatening to the fetus of a pregnant mother. It causes conditions, including microcephaly, which spell tragedy for the infant and the family. When it deals such damage to children, Zika imposes huge societal costs measured in the many millions of dollars. All this is documented in the writings that now constitute the chapters of this pamphlet.
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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.