Cumberland Advisors Week in Review (Aug 23, 2021 - Aug 27, 2021)

Dear Clients & Friends,

Thank you for joining Cumberland Advisors for this Friday August 27, 2021 end-of-week update on market conditions, equities & bonds with Executive Vice President & Director of Equity Strategies, Matthew McAleer and Shaun Burgess, Portfolio Manager & Fixed Income Analyst here at Cumberland.

 

 

 

 

- Our chart shows how dominant the S&P 500 has been.
- Don't become so adherent to a position that you can't pivot and change.
- Emerging Markets? There's a chorus behind it, but until we start "to see it", we think being reserved about pushing capital into that area is the correct course.
- "Emerging Markets will go as far as China goes in the long run." - Matt McAleer
- China is having some problems right now, some self-made, some global.
- Have a great weekend!

Shaun Burgess - Fixed Income:
- Busy week with Treasurys responding to a number of events. Shaun weighs in.
- Treasurys for the week, 2yr wound up lower in yield, the 10 & 30yr finished the week higher.
- Powell's comments were perceived as dovish at this point, rate hikes will be data dependent.
- Munis end the week cheaper. We're looking at this as an opportunity. Shaun explains.
- Next week? Heading into Labor Day we expect things to be quiet with minimal issuance.
- Stay safe, be well, and we look forward to seeing you next week again.
 

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Want to know more about Shaun? Check out his bio here: https://www.cumber.com/team/shaun-burgess

Have a great weekend!
-Cumberland Advisors

Please send any feedback from today's email/video to Matt McAleer. You can reach him at:
-Link to Matt's Email: [email protected]
-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 [email protected] or give us a call at (800) 257-7013.

 

 

 

 

Bloomberg Radio

 

 
David R. Kotok, Chairman and Chief Investment Officer, at Cumberland Advisors, discusses the latest on the markets. He spoke with Bryan Curtis and Rishaad Salamat on Bloomberg Radio.
Listen here: https://www.bloomberg.com/news/audio/2021-08-16/surveillance-taliban-control-with-haass-podcast  

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Camp Kotok 2021 from the Capitalogix Blog

Each year I look forward to Camp Kotok, or as I like to call it Economists in Nature. It's basically 5 days of canoeing, fishing, and dining with economists, wealth managers, traders, investors and more.

One of few chances for people from these backgrounds to come together and talk about the world, big trends, investing, economics, politics, and more ... in an open and safe forum. The event goes by the Chatham House Rule - which basically means you can share the information you receive, but not who said it.

Continued: https://blog.capitalogix.com/public/2021/08/camp-kotok-2021.html

 

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Behind the Markets - Camp Kotok Special from 8/13/21
In this Behind the Markets special, we’ll get a roundup of ideas from the annual Camp Kotok meeting in rural Maine—where economists and investment advisors talk shop while fishing and hiking. Host Jeremy Schwartz and Chief Economist at Avalon Advisors Samuel Rines discuss the uncertainty in market forecasting from inflation and employment to the delta variant. How can investors better understand the purpose of the portfolio before making decisions? What are the current transitory trends and how can you position around that?

Listen here: https://open.spotify.com/episode/4l8O20uvS5a3nfDaXWnR9y  

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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.