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.
 
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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.

 

Munis weaker in spots, outflows continue

By Jessica Lerner & Christine Albano, September 14, 2022

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John R. Mousseau - In the News

 

Municipals were weaker in spots Wednesday as mutual funds continued to see more outflows, while U.S. Treasuries and equities were mixed.

Uncertainty over supply-demand, interest rates and the economy are all giving investors of the municipal market some pause — highlighted by the ongoing outflow activity — but municipals are currently attractive and outperforming, according to municipal experts.

"Outflows are still dominating headlines, which probably means that yields on munis are close to peaking," said John Mousseau, president and CEO and director of fixed income at Cumberland Advisors.

"Deals are getting good reception, so that tells you that private accounts are picking up the slack from the funds," he noted.

Mousseau said monthly inflation numbers continue to be important because eventually they will go lower "and the market will sense a peak or plateau in the fed funds rate."

"The next assumption will be cutting and that will start the movement back into bond funds," Mousseau said. "It's a little counterintuitive since the short end of the curve is Fed-driven and the longer end is economy driven," he said, adding, retail investors react to those market signals.

 

See the full article (with subscription) at: https://www.bondbuyer.com/news/munis-weaker-in-spots-outflows-continue

 


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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.

 

John R. Mousseau, CFA
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The Bond Buyer