Cumberland Advisors Week in Review (Sept 07, 2020 – Sept 11, 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.
-S&P down 3-3.25% on the week
-I previously shared a chart showing that the internals of the market were starting to roll over a little bit
-Advanced declines were getting soft even though indexes in the third week of August were hitting year to date highs
-It told us to be a little cautious – Matt explains
-Basic Materials and Transports have something to tell us
-Matt talks about some pullbacks and Cumberland strategies that raised cash
-What about International and relative strength?
-Europe? Asia? Drilling down to China & Japan.
-Charts below referenced in the video.
-I was at the firm that day and recall what David describes vividly
-9/11 commentary link: https://www.cumber.com/cumberland-advisors-market-commentary-9-11-covid-19/
-Treasury Yield declined small amount
-Jobless claims were a little disappointing
-Good news? New claims were under a million.
-CPI creeped up from 1.6 to 1.7, we expect eventually 2-2.4 which it had been for a number of years
-Quiet week for Munis for this holiday week
-We see visible supply moving from 12 to 15 billion next week
-Traditionally, this time of year is when supply starts to build
-We expect some decent buying opportunities going into fall
-John shares some observations about travel in the Midwest and attitudes about the economy
-We wish everyone a good weekend and a somber remembrance this September 11th
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/-LLhhzmrPuE
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/
IN THE NEWS
Quoted: Shaun Burgess | Posted on: 09/11/2020 read more
Quoted: David R. Kotok | Posted on: 09/07/2020 read more
Quoted: David R. Kotok | Posted on: 09/02/2020 read more
Quoted: Patricia Healy, CFA | Posted on: 08/31/2020 read more
Quoted: Robert Eisenbeis, Ph.D. | Posted on: 08/29/2020 read more
Quoted: William Witherell, Ph.D. | Posted on: 08/28/2020 read more
Cumberland Advisors is an Annual Sponsor of
the Global Interdependence Center
GIC’s next Executive Briefing will explore COVID-19 and Climate Change with Bob Bunting, the CEO of the Climate Adaptation and Mitigation Center. Learn how hurricanes, heat waves, and forest fires have continued their worrying trends and why it’s time to move forward with adaptation and mitigation until global solutions emerge in the decades ahead. Moderated by GIC Chair, Kathleen Stephansen, Senior Economist for Haver Analytics and Trustee of EQAT Trust Funds.
Tuesday, September 15, 2020 | 4:00 – 5:00 p.m. ET, via Zoom.
No-cost registration here: https://buff.ly/2Rk2eLF
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/