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.

 

David R. Kotok quoted in this excerpt from Politico.
 

Boomflation ignores the yield signs

 

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David R. Kotok - In the News

 


By BEN WHITE With help from Joanne Kenen

03/30/2022

AHEAD OF THE CURVE — This week, a very wonky event took place in a corner of the U.S. bond market. The “yield curve,” which sounds a lot sexier than it is, “inverted.” Or one of the most closely watched yield curves did. Oh my.

Some economists and financial Twitter nerds (of which I am one) exclaimed: “This means a recession is coming soon!”

Well, maybe. But other indicators, including some favored by the Fed, are much less worrisome. Here are a few to amaze your friends at parties when you shrug off the latest inversion and show you know better.

Other bond yields — Comparing three-month yields to 18-month yields, or 10 years to three months, “both imply sustained growth compared to the inversion of the 10-year/two-year spread,” Brusuelas said. He added, “That is consistent with the strong labor market and solid consumer spending.” Veteran investor David Kotok of Cumberland Advisors emailed a similar sentiment: “I’m not very concerned. … If you look at longer-term bond spreads,” he said, “the curve is not flat.” So. Never mind.

Read the full story at Politico: https://www.politico.com/newsletters/politico-nightly/2022/03/30/boomflation-ignores-the-yield-signs-00021767

 


 

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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.

David R. Kotok
Published Date
News Source
Politico