Cumberland Advisors Week in Review (Sept 14, 2020 – Sept 18, 2020)

Author: Cumberland Advisors, Post Date: September 19, 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. John Mousseau has the day off.

Matt McAleer & Equities / ETFs
– Volatility this week. What’s up, what’s down, and why. Matt breaks it down.
– Strong bid into the “heavies”, pay attention to normally overlooked industries.
– The Market will never change: it’s supply & demand. Matt goes into detail.
– What we did this week.
– Financials appreciate higher rates. Matt explains why.
– Have some interesting things to share with you next week, please join us again.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/TARrbRkbuL0Have 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

Politico-David-Kotok-20200918

Excerpt from…

Wall Street loses altitude

By BEN WHITE and AUBREE ELIZA WEAVER – 09/18/2020

Wall Street loses some altitude — Since peaking early this month around 29,000, the Dow has sagged back over 1,000 points amid signs of some economic slowing and the lack of any fresh stimulus out of Washington.

The next big inflection point for markets is likely the emergence of a Covid-19 vaccine, the prospect of which is keeping a bottom under any sell-offs (along with all the massive help from the Fed). When a real, tested and safe vaccine does emerge, it could catalyze another big rally.

Cumberland’s David Kotok emails: “The federal funding in advance and the production funding in advance has removed years of risk taking from pharma and transferred it to the US taxpayers. Never have we had such a risk transfer in public health. That is why we will have a 50-70 percent effective vaccine in distribution within a year. Risk transfer means acceleration of growth and upward markets are ahead.”

Read the full story at Politico: https://www.politico.com/newsletters/morning-money/2020/09/18/wall-street-loses-altitude-790478


More Cumberland Advisors News here:

https://www.cumber.com/news/


Upcoming Event

Cumberland Advisors is an Annual Sponsor of

the Global Interdependence Center

GIC - Monetary Policy with James Bullard, Ph.D.

GIC’s next Executive Briefing will explore monetary policy with James Bullard, Ph.D., President and CEO of the Federal Reserve Bank of St. Louis. Join them Thursday, September 24 at 12:00 p.m. ET.

Complimentary registration: https://bit.ly/33DvgLX


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/


FOMC: Hope Now Seems to Be a Strategy

Author: Robert Eisenbeis, Ph.D., Post Date: September 18, 2020

Cumberland Advisors Market Commentary - FOMC Hope Now Seems to Be a Strategy (Eisenbeis) The FOMC finished its September deliberations and published its first statement and Summary of Economic Projections (SEPs) since the revision of its policy strategy was announced on the eve of the Kansas City Fed’s annual August Jackson Hole Symposium. The statement began by reiterating that the FOMC stands ready to employ its full range of […]


Bipartisan House Members: “Enough Is Enough”

Author: David R. Kotok, Post Date: September 17, 2020

The bipartisan House Problem Solvers Caucus (https://problemsolverscaucus-gottheimer.house.gov), led by Reps. Josh Gottheimer (D-NJ) and Tom Reed (R-NY) includes around 50 House members, both Republicans and Democrats. They have proposed a US pandemic aid package that amounts to $1.5 trillion and continues unemployment aid at $450/week, increasing over time to $600/week but not to exceed a […]


JOLTS – July

Author: Robert Eisenbeis, Ph.D., Post Date: September 16, 2020

Cumberland Advisors' Robert "Bob" Eisenbeis, Ph.D. The BLS Job Openings and Labor Turnover Survey (JOLTS) data come out with a lag, so we are now just getting a look at the July numbers. They do, however, help fill in some of the labor dynamics that are occurring within the economy as we adjust to the COVID-19 pandemic shock. We know that […]


The Rise of Separately Managed Accounts – 2020 Update

Author: Patricia Healy, CFA, Post Date: September 15, 2020

Cumberland has utilized separately managed accounts (SMAs) to execute its fixed-income strategy since the company’s inception in 1973, long before SMAs were popularized in the early 2000s. The reasons for managing money in this fashion are the same today as they were then: • Transparency (you know what you own) • Flexibility to make strategic […]


Insider Trading – the Case of Energy

Author: Leo Chen, Ph.D., Post Date: September 14, 2020

Cumberland Advisors Market Commentary - Insider Trading – the Case of Energy Our last commentary on insider trading studied post-insider-purchase-spike (PIPS) market performance (https://www.cumber.com/cumberland-advisors-market-commentary-insider-trading-what-does-it-tell-us/). We found that the 6-month market return is 13.54% on average after the insider buy/sell ratio rises above 1. Today we will demonstrate the PIPS effect using the Energy sector as an example. Undoubtedly, corporate insiders possess an informational advantage over outsiders. The […]


Florida Schools & Florida’s Businesses?

Author: David R. Kotok, Post Date: September 13, 2020

Cumberland Advisors Market Commentary - Florida Schools & Florida's Businesses Dear snowbirds and tourists: There is no question that Florida’s businesses, restaurants, hotels, fishing guides, and theme parks need you and want you. It’s simple, our state economy depends on visitors, and we want you to come and we want you to spend your money. We’re hurting. Some have asked us about visiting us at […]


9/11 & COVID-19

Author: David R. Kotok, Post Date: September 11, 2020

Cumberland Advisors Market Commentary - 911 & COVID-19

Nineteen years ago, September 11, 2001: 7:59 am: American Airlines Flight 11 departed Boston for Los Angeles. 8:14 am: United Airlines Flight 175 departed Boston for Los Angeles. 8:20 am: American Airlines Flight 77 departed Washington DC for Los Angeles. 8:42 am: United Airlines Flight 93 departed Newark for San Francisco. 8:46 am: American Airlines […]


Art Cashin’s Wisdom

Author: David R. Kotok, Post Date: September 10, 2020

Cumberland Advisors Market Commentary - Art Cashin’s Wisdom

Art Cashin, a UBS stalwart and CNBC commentator from the NYSE floor, is a dear friend and marvelous and sensitive gentleman. He is revered by those who know him as the dean of the investment university called the American stock market. Art was kind enough to give us permission to share his morning missive (September […]


The Second Wave of COVID-19 Confronts Western Europe

Author: William Witherell, Ph.D., Post Date: September 9, 2020

CA-Market-Commentary-The Second Wave of COVID-19 Confronts Western Europe

The rebound in the European economies following the sharp fall in March and April is threatened by a second wave of COVID-19 cases. As a result of vacation travel and an easing of restrictions, case growth in Western Europe has returned to levels last seen in May, with 1,094,194 confirmed cases as of the end […]


Labor Markets

Author: Robert Eisenbeis, Ph.D., Post Date: September 8, 2020

Cumberland Advisors' Robert "Bob" Eisenbeis, Ph.D.

In most data releases during the pandemic, it is possible to find some things that are positive and some that are negative, and the extent to which one thing is emphasized over another tends to be influenced in today’s world by politics. The new CES jobs report released by BLS is no exception. There is […]


Echoes of 1968

Author: David R. Kotok, Post Date: September 6, 2020

Market Commentary - Cumberland Advisors - Echoes of 1968

Brent Donnelly is a good friend and fellow camper at Leen’s Lodge. He is also a highly respected senior FX dealer at HSBC New York and the author of The Art of Currency Trading and the daily FX commentary AM/FX. On September 3, Brent penned “Echoes of ’68,” a thought-provoking comparison of the years 1968 […]


Crown Fires

Author: David R. Kotok, Post Date: September 3, 2020

Cumberland Advisors Market Commentary - Crown Fires

A COVID-19 resurgence seems about to begin. Schools reopening will be one of the vectors.  Please take time to listen to this August 27 podcast by Dr. Michael Osterholm, director of CIDRAP, the University of Minnesota’s Center for Infectious Disease Research and Policy. He entitles this episode “Crazy Days,” after the title of a song, […]


 

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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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