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Cumberland Advisors Week in Review + Digest, Apr 15 - Apr 19, 2024

Norman Dempsey, MBA
Sat Apr 20, 2024

The Cumberland Advisors Week in Review + Digest is a compendium of news, commentary, and opinion from or of interest to our team. These are not revised assessments, and circumstances may have changed in the market from the time of original publication. We may include older and/or guest commentaries that our editors have determined may be of interest to our audience. Your feedback is always welcome.

Our latest Week in Review Video is now available online. This end-of-week update on markets generally features equities, bonds, and trading highlights. Thank you for joining us.

Cumberland Advisors’ Friday, April 19, 2024 Week in Review

 Week in Review

Watch using either the link above or the following:
Cumberland Advisors’ Week in Review on YouTube


This week's review is with Matt C. McAleer, President & Director of Private Wealth, and John R. Mousseau, CEO & Director of Fixed Income.

Matt McAleer & Equities 
- Tech/Growth under fire this week
- Found a friend in diversification
- Weekly momentum & bullish % indicators can help identify reversals

John Mousseau & Bonds 
- Bonds rocked by International conflicts & U.S. economic stats
- Munis hardly budged in yields, with deals still well oversubscribed
- Volatility creates opportunities

Check out this week's featured charts here:

Miss our Q1 2024 Review? Watch here:

Access past video updates including the most recent via this YouTube Playlist URL:
Matt McAleer Email

Please send any feedback from today’s email/video to Matt McAleer. You can reach him at:
Email: [email protected]
Call Matt: (800) 257-7013 ext. 346

Other questions or comments? Email us at [email protected] or give us a call at (800) 257-7013


Featured Commentary:
Will this be the year credit trends reverse?

by Patricia Healy, CFA
April 17, 2024

Q1 2024 Credit Commentary - Will this be the year credit trends reverse?

Excerpt below:

Interest rates and inflation are still up, but the Fed has paused and indicated that easing will be the next step. However, given better-than-expected economic data, the estimates of rate cuts are fewer and farther in the future. The stock market performed well in Q1, with expectations of lower future rates and perceptions of increased productivity due to AI. The strong market performance has improved the wealth of households, pensions, endowments, insurance companies and others. While Treasury rates rose more recently with the stronger-than-expected economic data, positive demand helped munis have an excellent first quarter. Recently, muni yields have followed Treasury yields up, with liquidation of assets to cover tax payments coming due and higher expected supply. Muni demand is expected to increase, as it usually does during the summer, with reinvestment of June 1 and July 1 coupon and maturity payments. Adding to demand may be the expectation of higher tax rates in the future, with the TCJA expiring at the end 2025, though some may benefit through higher SALT deductions.

The collapse of the Francis Scott Key Bridge, blocking the Port of Baltimore, is expected to have wide-ranging effects, on the auto and coal industries in particular, but also on broader economic activity and supply chain disruptions. It also shines a spotlight on infrastructure weaknesses in the US and the supply and pricing of insurance for such events.

Continued at link below:

Camp Kotok Corner

  Perspectives, News, and/or Resources from Attendees

Camp Kotok



MiB: Women in Finance

by Barry Ritholtz 
April 17, 2024

Barry Ritholtz - Camp Kotok

Long -time camper Barry Ritholtz recently wrote on X (Twitter): 

About 5 years ago, I was not booking many women guests on MiB. I rethought our approach, and made a concerted effort to book more senior female finance execs

This list is the result of those efforts. A ways to go, but much improved....

Details and links to dozens of interviews at Barry's Masters in Business (MiB) site:


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