Hurricane Ian Notice

Due to the impending Hurricane Ian and its impact on the Sarasota area; Cumberland Advisors has mobilized and relocated our disaster recovery team to our Vineland, NJ office. If the storm does affect the Sarasota area, Cumberland Advisors’ staff members are on standby, and ready to provide you with any assistance you may need.  Our phone lines and emails will be monitored, and we will respond to matters on a priority basis.
 
For any urgent concerns you may also contact the following individuals by email directly:

For our clients residing in the Sarasota area, Cumberland Advisors knows nothing is more important than the safety of you and your family. We urge you to take the necessary steps to protect your loved ones. Check your supplies and make sure you have plenty of fresh water, flashlights, and a battery-operated radio. Cumberland values our customers’ security and peace of mind, and our goal is to provide outstanding service.
 
Thank you for entrusting us to continue to provide you service and may all stay safe.

 

An Excerpt from Barron's "The Looming Question About Russia—and Other Analyst Insights"

Feb. 25, 2022

Beware ‘Men of Destiny’

Cumberland Advisors Market Commentary
by Cumberland Advisors
Feb. 24: Our U.S. equity exchange-traded fund portfolio is overweight the aerospace/defense sector. We have continued to emphasize the overweight for some time. We see every reason to continue it.

Europe and the old Warsaw Pact lines are one of the reasons. South China Sea and China-Taiwan are another. We do not expect any of the pressures on the U.S. defense budget to prevail. We do expect the defense appropriations to be enlarged in 2023 and beyond. Footage of tanks makes for TV drama. Drones and cyberwarfare are the substance, and American companies have an expanding role in protecting the Western alliance.

Putin doesn’t care about [the Ukraine invasion’s] economic impact on Russia. His citizens care but have little say in the matter. Former Australian Prime Minister Kevin Rudd used a term in a Zoom call that I was able to participate in. He identified both Vladimir Putin and China’s Xi Jinping as leaders who see themselves as men of destiny. He explained how men of destiny become interested in geography. From the time of the wars between Persia and Greece until today, 2,500 years later, history has shown that leaders with power ultimately focus on geography.

Paul Schulte of his eponymous research firm wrote, “A backup in yields? A slightly inverted curve? Who the hell cares? This is nothing when compared to the control of Ukraine. Falling stock market? Putin does not give a crap.”

--David R. Kotok

Read more behind subscriber paywall: https://www.barrons.com/articles/the-looming-question-about-russiaand-other-analyst-insights-51645839292

David R. Kotok
Published Date
News Source
Barron's