Cumberland Advisors Week in Review + Digest, Oct 16 - Oct 20, 2023

The latest Cumberland Advisors’ Week in Review Video is now available online. Our end-of-week update on markets generally features equities, bonds, and trading highlights. Thank you for joining us.   Watch the latest update on YouTube: Cumberland Advisors’ Week in Review Access past video updates including the most recent via this YouTube Playlist URL: https://www.youtube.com/playlist?list=PLu1JZIQ1mPrtx_q7i_C9FWN-cb9f594C1   Please send any feedback from today’s email/video to Matt McAleer. You can reach him at: Email: [email protected] Twitter: https://twitter.com/matthewcmcaleer LinkedIn: https://www.linkedin.com/in/matthew-c-mcaleer/ 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 Have a great weekend, Cumberland Advisors

Cumberland Advisors’ Private Wealth Practice offers institutional-level money management for individual investors. We have a multi-decade history of service to institutional clients – independent non-profits, foundations, qualified retirement plans, and government entities. As a private investor, you can leverage that same expertise in the management of your portfolio. More information is available at our website and in our private wealth digital brochure.

Catch up on recent Market Commentaries from Cumberland Advisors

Matt McAleer, Cumberland Advisors President & Director of Private Wealth, quoted in Sweden's "Today's Industry"... Manager: Unique position in pressured sector - buy the stock market's King Kong by Gabriel Mellqvist - October 15, 2023 & Updated 20 October 2023 Excerpt follows. Several industries that are usually seen as resilient in the stock market during troubled times have been squeezed on Wall Street. In a post on X, formerly Twitter, Jason Goepfert, who runs the American research firm Sentiment Trader, notes that health care, companies in power generation and grocery retail have all performed weakly. "The value destruction in defensive sectors is now on par with the Black Monday panic," he writes, referring to the stock market crash of 1987, and then mentions a handful of other sharp corrections. Matt McAleer, who manages wealth at investment adviser Cumberland Advisors, notes that the Consumer Staples segment also had a tough year on the US stock market. That segment includes grocery retail but also major brands in food and drink, such as Pepsi, Coca-cola and the chocolate giant Hershey Company. All have declined by over 10 percent this year, even though they are seen as less sensitive to economic conditions. Matt McAleer believes that the high interest rates are a culprit in the drama: "Perhaps the reason they didn't act defensively during the stock market turmoil in September is the fact that you could park money and get 5 percent interest without worrying about the volatility of the shares," he says in a client presentation. Continue to read the full news story at this link: https://www.di.se/nyheter/forvaltare-unikt-lage-i-pressad-sektor-kop-borsens-king-kong/

Links to other websites or electronic media controlled or offered by Third-Parties (non-affiliates of Cumberland Advisors) are provided only as a reference and courtesy to our users. Cumberland Advisors has no control over such websites, does not recommend or endorse any opinions, ideas, products, information, or content of such sites, and makes no warranties as to the accuracy, completeness, reliability or suitability of their content. Cumberland Advisors hereby disclaims liability for any information, materials, products or services posted or offered at any of the Third-Party websites. The Third-Party may have a privacy and/or security policy different from that of Cumberland Advisors. Therefore, please refer to the specific privacy and security policies of the Third-Party when accessing their websites.

Sign up for our FREE Cumberland Market Commentaries

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.