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...

Stocks Climb on Inflation Data

Data show first inflation deceleration since August
By Joe Wallace - May 11, 2022

 

Excerpt below.

 

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David R. Kotok - In the News

 

Stocks swung between gains and losses Wednesday after fresh data showed inflation eased slightly in April but not as much as economists expected.

The S&P 500 edged up 0.9% in morning trading. The index snapped a three-day losing streak Tuesday, hitting pause on a stretch of pressure that came as investors braced for the Federal Reserve to keep raising interest rates to curb decades-high inflation.

The trajectory of inflation and wages will determine how much the Fed will raise interest rates at its next policy meeting. The central bank last week lifted rates by half a percentage point, the biggest rise since 2000, and approved a plan to shrink its $9 trillion asset portfolio—kicking into a higher gear its campaign to rein in 40-year-high inflation.

“What we saw this morning was mostly in line with expectations—at least my expectations,” said David Kotok, the chief investment officer at Cumberland Advisors. Inflation seems to be peaking, he said. Still, volatile markets have been primed to react strongly to any headline hinting at persistent price pressures. “We’re in those kinds of crazy times,” he said.

Stocks, particularly in the U.S., have been hit by a wave of selling in recent weeks. Investors are contending with the unwind of easy monetary policies that had boosted gains for stocks and bonds since the early days of the pandemic.


Read the full article at the Wall Street Journal: https://www.wsj.com/articles/global-stocks-markets-dow-update-05-11-2022-11652254409


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David R. Kotok
Published Date
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Wall Street Journal