Cumberland Advisors Week in Review (Jan 27, 2020 - Jan 31, 2020)

Cumberland Advisors

Sun Feb 2, 2020

The Cumberland Advisors Week in Review is a recap of news, commentary, and opinion from our team.

These are not revised assessments, and circumstances may have changed in the market from the time of original publication. We also include older commentaries that our editors have determined may be of interest to our audience. Your feedback is always welcome.

CUMBERLAND ADVISORS' WEEKLY RECAP

As part of Cumberland Advisors' continuous effort to maintain strong customer relationships, we offer this week's short video discussing current market conditions and how we are positioning portfolios.

</p> <p>Matt McAleer talks about his week in trading and he touches on these point and more:</p> <p>-Fixed Income on fire!<br /> -How does a market rest?<br /> -Excuses for change in momentum<br /> -What will let us know how strong demand is?<br /> -We put some cash to work.<br /> -We talk about our "buy" signals<br /> -Where do we see panic?<br /> -What about coronavirus?</p> <p>Watch in the video player above or at this link: <a href="https://youtu.be/aE7j5XRNiG0" target="_blank" rel="noopener noreferrer">https://youtu.be/aE7j5XRNiG0</a></p> <p>Have a great weekend and thank you for joining us at Cumberland Advisors.</p> <p>Matt enjoys your feedback. You can reach him at:<br /> -Link to Matt's Email: <a href="mailto:Matthew.McAleer@Cumber.com?subject=Weekly%20Update" target="_blank" rel="noopener noreferrer" data-cke-saved-href="mailto:Matthew.McAleer@Cumber.com?subject=Weekly%20Update">Matthew.McAleer@Cumber.com</a><br /> -Link to Matt's Twitter: <a href="https://twitter.com/MattMcAleer4" data-cke-saved-href="https://twitter.com/MattMcAleer4">https://twitter.com/MattMcAleer4</a><br /> -Link to Matt's LinkedIn: <a href="https://www.linkedin.com/in/matthew-c-mcaleer/" data-cke-saved-href="https://www.linkedin.com/in/matthew-c-mcaleer/">https://www.linkedin.com/in/matthew-c-mcaleer/</a><br /> -Feel free to email us at <a href="mailto:info@cumber.com?subject=Comment" target="_blank" rel="noopener noreferrer" data-cke-saved-href="mailto:info@cumber.com?subject=Comment">info@cumber.com</a> or give us a call at (800) 257-7013</p> <p><em>Contact Matt or any one of our advisors by following this link: <a href="https://www.cumber.com/our-people/" target="_blank" rel="noopener noreferrer">https://www.cumber.com/our-people/</a> </em></p> <hr /> <div class="entry-summary"> <div class="articltop"> <h1 class="inner_text_heading">Market Commentary</h1> <p><a class="sign_up_btn login-window" href="https://www.cumber.com/category/market-commentary/#login-box1">Sign up for our Market Commentary</a></p> </div> <div class="categorysub"> <article id="post-50521" class="post-50521 post type-post status-publish format-standard has-post-thumbnail hentry category-market-commentary tag-david-r-kotok tag-inflation tag-year-end-forecast-notes"> <header class="entry-header"> <hr /> </header> </article> </div> <div class="categorysub"> <article id="post-50462" class="post-50462 post type-post status-publish format-standard has-post-thumbnail hentry category-market-commentary tag-china tag-david-r-kotok tag-hong-kong tag-trade-war"> <div class="entry-summary"> <header class="entry-header"></header> <div class="categorysub"> <article id="post-50727" class="post-50727 post type-post status-publish format-standard has-post-thumbnail hentry category-market-commentary tag-daniel-himelberger tag-david-r-kotok tag-john-r-mousseau tag-leo-chen tag-matthew-mcaleer tag-quarterly-review tag-shaun-burgess"> <div class="entry-summary"> <div class="categorysub"> <article id="post-51065" class="post-51065 post type-post status-publish format-standard has-post-thumbnail hentry category-market-commentary tag-david-r-kotok tag-impeachment"> <header class="entry-header"> <h2 class="inner_text_heading"><a href="https://www.cumber.com/cumberland-advisors-market-commentary-impeachment-markets-2-dead-men/" rel="bookmark">Impeachment, Markets & 2 Dead Men</a></h2> <h6><strong>Author:</strong> , <strong>Post Date:</strong> January 31, 2020</h6> </header> <div class="entry-summary"> <p><a class="post-thumbnail" href="https://www.cumber.com/cumberland-advisors-market-commentary-impeachment-markets-2-dead-men/"> <img class="attachment-post-thumbnail size-post-thumbnail wp-post-image aligncenter" src="/sites/default/files/uploads/2020/01/Market-Commentary-Cumberland-Advisors-Impeachment-Markets-2-Dead-Men-672x372.jpg" sizes="(max-width: 672px) 100vw, 672px" srcset="/sites/default/files/uploads/2020/01/Market-Commentary-Cumberland-Advisors-Impeachment-Markets-2-Dead-Men-672x372.jpg 672w, /sites/default/files/uploads/2020/01/Market-Commentary-Cumberland-Advisors-Impeachment-Markets-2-Dead-Men-1038x576.jpg 1038w" alt="Market Commentary - Cumberland Advisors - Impeachment, Markets & 2 Dead Men" width="672" height="372" /> </a>Our strategic, market-oriented view of the impeachment proceedings sets aside the personal views of those in our company. Among our 45 people we are as diverse in our opinions as you would expect. We have Democrats and Republicans, conservatives and liberals, and we have civil discussions among us, which go on constantly. Personal views are [<a href="https://www.cumber.com/category/market-commentary/">Continued…</a>]</p> </div> </article> </div> <div class="categorysub"> <article id="post-51044" class="post-51044 post type-post status-publish format-standard has-post-thumbnail hentry category-market-commentary tag-economy tag-fomc tag-robert-eisenbeis"> <header class="entry-header"> <div class="entry-meta"></div> <h2 class="inner_text_heading"><a href="https://www.cumber.com/cumberland-advisors-market-commentary-2020-fomc/" rel="bookmark">2020 FOMC</a></h2> <h6><strong>Author:</strong> Robert Eisenbeis, Ph.D., <strong>Post Date:</strong> January 28, 2020</h6> </header> <div class="entry-summary"> <p><a class="post-thumbnail" href="https://www.cumber.com/cumberland-advisors-market-commentary-2020-fomc/"> <img class="attachment-post-thumbnail size-post-thumbnail wp-post-image aligncenter" src="/sites/default/files/uploads/2018/05/Federal-Reserve-FOMC-672x372.jpg" sizes="(max-width: 672px) 100vw, 672px" srcset="/sites/default/files/uploads/2018/05/Federal-Reserve-FOMC-672x372.jpg 672w, /sites/default/files/uploads/2018/05/Federal-Reserve-FOMC-1038x576.jpg 1038w" alt="Federal Reserve - FOMC" width="672" height="372" /> </a>Because of the impeachment hearings, little if any attention has been or is likely to be paid this week to the first FOMC meeting of 2020, on Tuesday and Wednesday. Chair Powell will give his customary press conference, but attention will likely be focused elsewhere, and for good reason. In our view, the FOMC will [<a href="https://www.cumber.com/category/market-commentary/">Continued…</a>]</p> </div> </article> </div> <div class="categorysub"> <article id="post-51021" class="post-51021 post type-post status-publish format-standard has-post-thumbnail hentry category-market-commentary tag-david-r-kotok tag-etfs tag-faamg tag-matthew-mcaleer tag-risk"> <header class="entry-header"> <div class="entry-meta"></div> <h2 class="inner_text_heading"><a href="https://www.cumber.com/cumberland-advisors-market-commentary-cash-or-no-cash-optimist-pessimist-or-realist/" rel="bookmark">Cash or No Cash? Optimist, Pessimist or Realist?</a></h2> <h6><strong>Author:</strong> , <strong>Post Date:</strong> January 24, 2020</h6> </header> <div class="entry-summary"> <p><a class="post-thumbnail" href="https://www.cumber.com/cumberland-advisors-market-commentary-cash-or-no-cash-optimist-pessimist-or-realist/"> <img class="attachment-post-thumbnail size-post-thumbnail wp-post-image aligncenter" src="/sites/default/files/uploads/2020/01/Market-Commentary-Cumberland-Advisors-Cash-or-No-Cash-Optimist-Pessimist-or-Realist-672x372.jpg" sizes="(max-width: 672px) 100vw, 672px" srcset="/sites/default/files/uploads/2020/01/Market-Commentary-Cumberland-Advisors-Cash-or-No-Cash-Optimist-Pessimist-or-Realist-672x372.jpg 672w, /sites/default/files/uploads/2020/01/Market-Commentary-Cumberland-Advisors-Cash-or-No-Cash-Optimist-Pessimist-or-Realist-1038x576.jpg 1038w" alt="Market Commentary - Cumberland Advisors - Cash or No Cash - Optimist, Pessimist or Realist" width="672" height="372" /> </a>At any given time, there are at least four or five people (and often up to six or seven) working on our ETF trading accounts and strategies. We continually challenge each other as part of our investment process. We debate all points of view, and we freely express differences of opinion. We try to read [<a href="https://www.cumber.com/category/market-commentary/">Continued…</a>]</p> </div> </article> </div> <div class="categorysub"> <article id="post-51006" class="post-51006 post type-post status-publish format-standard has-post-thumbnail hentry category-market-commentary tag-coronavirus tag-david-r-kotok tag-ebola tag-sars tag-zika"> <header class="entry-header"> <div class="entry-meta"></div> <h2 class="inner_text_heading"><a href="https://www.cumber.com/cumberland-advisors-market-commentary-coronavirus-1-with-updated-death-toll/" rel="bookmark">Coronavirus #1 with updated death toll</a></h2> <h6><strong>Author:</strong> David R. Kotok, <strong>Post Date:</strong> January 22, 2020</h6> </header> <div class="entry-summary"> <p><a class="post-thumbnail" href="https://www.cumber.com/cumberland-advisors-market-commentary-coronavirus-1-with-updated-death-toll/"> <img class="attachment-post-thumbnail size-post-thumbnail wp-post-image aligncenter" src="/sites/default/files/uploads/2020/01/Market-Commentary-Cumberland-Advisors-Corona-Virus-Markets-672x372.jpg" sizes="(max-width: 672px) 100vw, 672px" srcset="/sites/default/files/uploads/2020/01/Market-Commentary-Cumberland-Advisors-Corona-Virus-Markets-672x372.jpg 672w, /sites/default/files/uploads/2020/01/Market-Commentary-Cumberland-Advisors-Corona-Virus-Markets-1038x576.jpg 1038w" alt="Market Commentary - Cumberland Advisors - Corona Virus & Markets" width="672" height="372" /> </a>At Cumberland, we take time to track viral outbreaks for two reasons: (1) Epidemics and pandemics do have market consequences and raise risk, and (2) they can be deadly. SARS, bird flu, Zika, Ebola, and more make the list of outbreaks we have followed closely. In the case of Zika, we wrote a detailed pamphlet [<a href="https://www.cumber.com/category/market-commentary/">Continued…</a>]</p> <p> </p> </div> </article> </div> <div class="categorysub"> <article id="post-50996" class="post-50996 post type-post status-publish format-standard has-post-thumbnail hentry category-market-commentary tag-david-r-kotok tag-federal-reserve-bank tag-federal-reserve-bank-of-st-louis"> <header class="entry-header"> <h2 class="inner_text_heading"><a href="https://www.cumber.com/cumberland-advisors-market-commentary-no-conspiracy-at-st-louis-fed/" rel="bookmark">No Conspiracy at St. Louis Fed.</a></h2> <h6><strong>Author:</strong> David R. Kotok, <strong>Post Date:</strong> January 21, 2020</h6> </header> <div class="entry-summary"> <p><a class="post-thumbnail" href="https://www.cumber.com/cumberland-advisors-market-commentary-no-conspiracy-at-st-louis-fed/"> <img class="attachment-post-thumbnail size-post-thumbnail wp-post-image aligncenter" src="/sites/default/files/uploads/2020/01/Market-Commentary-Cumberland-Advisors-No-Conpiracy-at-St.-Louis-Fed-672x372.jpg" sizes="(max-width: 672px) 100vw, 672px" srcset="/sites/default/files/uploads/2020/01/Market-Commentary-Cumberland-Advisors-No-Conpiracy-at-St.-Louis-Fed-672x372.jpg 672w, /sites/default/files/uploads/2020/01/Market-Commentary-Cumberland-Advisors-No-Conpiracy-at-St.-Louis-Fed-1038x576.jpg 1038w" alt="Market Commentary - Cumberland Advisors - No Conspiracy at St. Louis Fed" width="672" height="372" /> </a>In my opinion the speculation about a conspiracy at the St. Louis Fed may be fodder for internet speculation, but it is simply not true. There is coincidence in timing of unrelated announcements. We believe it is pure coincidence. Here’s the fact set. 1. On January 16, 2020, the St. Louis Fed discontinued the series [<a href="https://www.cumber.com/category/market-commentary/">Continued…</a>]</p> </div> </article> </div> <p> </p> </div> <footer class="entry-meta"> <hr /> </footer> </article> </div> </div> </article> </div> </div> <p><a href="https://conferences.moneyshow.com/moneyshow-orlando/speakers/d1ff889e806c4ee8b4a2daa2c20cb383/john-mousseau/?scode=049262"><img class="aligncenter size-full wp-image-50342" src="/sites/default/files/uploads/2019/11/Newsletter_Banner-Mousseau.png" alt="John Mousseau at the Money Show Orlando" width="600" height="300" /></a></p> <p>I'll be speaking at <strong><a href="https://conferences.moneyshow.com/moneyshow-orlando/?scode=049261">The MoneyShow Orlando</a></strong>, February 6-8, 2020!</p> <p>During this three-day educational conference for self-directed investors and traders, attendees will receive real-time market and economic analysis, hear hundreds of specific buy/sell recommendations, listen how 150+ experts are adapting their strategies, have an opportunity to test-drive new tools, with a lot more planned by the organizers.</p> <p>f you'd like to join me, <strong><a href="https://conferences.moneyshow.com/moneyshow-orlando/registration/?scode=049261">register here</a></strong> to secure your spot. We convene at the Omni Orlando Resort at ChampionsGate in sunny Florida.</p> <p><strong>My Presentation Schedule:</strong></p> <p><strong><a href="https://conferences.moneyshow.com/moneyshow-orlando//workshop/41fd69c79389452da447bd68a35d72fd/retirement-and-income-panel-for-financial-advisors-only/?scode=049261">Retirement and Income Panel* (For Financial Advisors Only)</a></strong></p> <p><strong><a href="https://conferences.moneyshow.com/moneyshow-orlando//workshop/9d474ba27acd4b70a67eeb556bb4639c/the-federal-reserve-and-your-portfolio/?scode=049261">The Federal Reserve and Your Portfolio</a></strong></p> <p>Additional featured speakers joining me include:</p> <ul> <li>Steve Forbes, Chairman and Editor-in-Chief, Forbes Media</li> <li>Rick Rule, President and CEO, Sprott US Holdings</li> <li>Jeffrey Saut, Chief Investment Strategist, Capital Wealth Planning</li> <li>Christine Benz, Director of Personal Finance, Morningstar</li> <li>Keith Fitz-Gerald, Chief Investment Strategist, Money Map Press</li> <li>Howard Tullman, Executive Director, Ed Kaplan Family Institute</li> <li>Lindsey Bell, Chief Investment Strategist, Ally Invest</li> <li>Sam Stovall, Chief Investment Strategist, CFRA Research</li> <li>Tom Sosnoff, Founder and Co-CEO, tastytrade</li> </ul> <p>Learn more at their site, <a href="https://conferences.moneyshow.com/moneyshow-orlando/speakers/d1ff889e806c4ee8b4a2daa2c20cb383/john-mousseau/?scode=049262" target="_blank" rel="noopener noreferrer">The MoneyShow</a>.</p> <p>Sincerely,</p> <p><strong>John Mousseau</strong><br /> President, CEO, & Director of Fixed Income<br /> Cumberland Advisors</p> <div class="entry-content"></div> <hr /> <h3 class="inner_text_heading">In the News...</h3> <div class="news_row_main clearfix"> <div class="news_right"> <h2 class="inner_text_heading"><a href="https://www.cumber.com/cumberlands-david-kotok-sees-very-slow-growth-in-u-s-markets/" target="_blank" rel="noopener noreferrer">Cumberland’s David Kotok Sees Very Slow Growth in U.S. Markets</a></h2> <p>Quoted: David R. Kotok | Posted on: 01/30/2020 <a class="read" href="https://www.cumber.com/cumberlands-david-kotok-sees-very-slow-growth-in-u-s-markets/" target="_blank" rel="noopener noreferrer"> <span class="left_go"><img src="https://www.cumber.com/wp-content/themes/cumberland_advisor/images/small_arrow2.png" alt="" /></span> read more <span class="right_go"><img src="https://www.cumber.com/wp-content/themes/cumberland_advisor/images/small_arrow3.png" alt="" /></span> </a></p> </div> </div> <div class="news_row_main clearfix"> <div class="news_right"> <h2 class="inner_text_heading"><a href="https://www.cumber.com/stocktake-will-chinas-coronavirus-infect-stocks/" target="_blank" rel="noopener noreferrer">Stocktake: Will China’s coronavirus infect stocks?</a></h2> <p>Quoted: David R. Kotok | Posted on: 01/29/2020 <a class="read" href="https://www.cumber.com/stocktake-will-chinas-coronavirus-infect-stocks/" target="_blank" rel="noopener noreferrer"> <span class="left_go"><img src="https://www.cumber.com/wp-content/themes/cumberland_advisor/images/small_arrow2.png" alt="" /></span> read more <span class="right_go"><img src="https://www.cumber.com/wp-content/themes/cumberland_advisor/images/small_arrow3.png" alt="" /></span> </a></p> </div> </div> <div class="news_row_main clearfix"> <div class="news_right"> <h2 class="inner_text_heading"><a href="https://www.cumber.com/how-the-stock-market-has-performed-during-past-viral-outbreaks-as-coronavirus-infects-4500/" target="_blank" rel="noopener noreferrer">How the stock market has performed during past viral outbreaks, as coronavirus infects 4,500</a></h2> <p>Quoted: David R. Kotok | Posted on: 01/28/2020 <a class="read" href="https://www.cumber.com/how-the-stock-market-has-performed-during-past-viral-outbreaks-as-coronavirus-infects-4500/" target="_blank" rel="noopener noreferrer"> <span class="left_go"><img src="https://www.cumber.com/wp-content/themes/cumberland_advisor/images/small_arrow2.png" alt="" /></span> read more <span class="right_go"><img src="https://www.cumber.com/wp-content/themes/cumberland_advisor/images/small_arrow3.png" alt="" /></span> </a></p> </div> </div> <div class="news_row_main clearfix"> <div class="news_right"> <h2 class="inner_text_heading"><a href="https://www.cumber.com/coronavirus-update/" target="_blank" rel="noopener noreferrer">Coronavirus update</a></h2> <p>Quoted: David R. Kotok | Posted on: 01/28/2020 <a class="read" href="https://www.cumber.com/coronavirus-update/" target="_blank" rel="noopener noreferrer"> <span class="left_go"><img src="https://www.cumber.com/wp-content/themes/cumberland_advisor/images/small_arrow2.png" alt="" /></span> read more <span class="right_go"><img src="https://www.cumber.com/wp-content/themes/cumberland_advisor/images/small_arrow3.png" alt="" /></span> </a></p> </div> </div> <div class="news_row_main clearfix"> <div class="news_right"> <h2 class="inner_text_heading"><a href="https://www.cumber.com/excerpt-from-trumps-beloved-market-rally-gets-walloped-by-the-coronavirus/" target="_blank" rel="noopener noreferrer">Trump’s beloved market rally gets walloped by the coronavirus</a></h2> <p>Quoted: David R. Kotok | Posted on: 01/27/2020 <a class="read" href="https://www.cumber.com/excerpt-from-trumps-beloved-market-rally-gets-walloped-by-the-coronavirus/" target="_blank" rel="noopener noreferrer"> <span class="left_go"><img src="https://www.cumber.com/wp-content/themes/cumberland_advisor/images/small_arrow2.png" alt="" /></span> read more <span class="right_go"><img src="https://www.cumber.com/wp-content/themes/cumberland_advisor/images/small_arrow3.png" alt="" /></span> </a></p> </div> </div> <div class="news_row_main clearfix"> <div class="news_right"> <h2 class="inner_text_heading"><a href="https://www.cumber.com/china-crisis-update/" target="_blank" rel="noopener noreferrer">China crisis update</a></h2> <p>Quoted: David R. Kotok | Posted on: 01/25/2020 <a class="read" href="https://www.cumber.com/china-crisis-update/" target="_blank" rel="noopener noreferrer"> <span class="left_go"><img src="https://www.cumber.com/wp-content/themes/cumberland_advisor/images/small_arrow2.png" alt="" /></span> read more <span class="right_go"><img src="https://www.cumber.com/wp-content/themes/cumberland_advisor/images/small_arrow3.png" alt="" /></span> </a></p> </div> </div> <div class="news_row_main clearfix"> <div class="news_right"> <h2 class="inner_text_heading"><a href="https://www.cumber.com/heres-how-the-stock-market-has-performed-during-past-viral-outbreaks-as-epidemic-locks-down-3-chinese-cities/" target="_blank" rel="noopener noreferrer">Here’s how the stock market has performed during past viral outbreaks, as epidemic locks down 3 Chinese cities</a></h2> <p>Quoted: David R. Kotok | Posted on: 01/23/2020 <a class="read" href="https://www.cumber.com/heres-how-the-stock-market-has-performed-during-past-viral-outbreaks-as-epidemic-locks-down-3-chinese-cities/" target="_blank" rel="noopener noreferrer"> <span class="left_go"><img src="https://www.cumber.com/wp-content/themes/cumberland_advisor/images/small_arrow2.png" alt="" /></span> read more <span class="right_go"><img src="https://www.cumber.com/wp-content/themes/cumberland_advisor/images/small_arrow3.png" alt="" /></span> </a></p> </div> </div> <div class="news_row_main clearfix"> <div class="news_right"> <h2 class="inner_text_heading"><a href="https://www.cumber.com/the-great-bond-party-of-2019-is-ending/" target="_blank" rel="noopener noreferrer">The Great Bond Party of 2019 Is Ending</a></h2> <p>Quoted: John R. Mousseau, CFA | Posted on: 01/20/2020 <a class="read" href="https://www.cumber.com/the-great-bond-party-of-2019-is-ending/" target="_blank" rel="noopener noreferrer"> <span class="left_go"><img src="https://www.cumber.com/wp-content/themes/cumberland_advisor/images/small_arrow2.png" alt="" /></span> read more <span class="right_go"><img src="https://www.cumber.com/wp-content/themes/cumberland_advisor/images/small_arrow3.png" alt="" /></span> </a></p> </div> </div> <div class="entry-content"> <header class="entry-header"></header> <div class="entry-content"> <div class="pdfprnt-buttons pdfprnt-buttons-post pdfprnt-top-right"> <header class="entry-header"> <h2 class="inner_text_heading"></h2> </header> </div> </div> </div> <hr /> <h2>Upcoming event with Cumberland Advisors...</h2> <p><a href="https://www.interdependence.org/events/browse/fourth-annual-financial-literacy-day/" target="_blank" rel="noopener noreferrer"><img class="aligncenter" src="https://gallery.mailchimp.com/d6f020f3bd6a1e2c4eb254e6c/images/0a568eb3-61ca-43dc-9b02-66322004ec9a.jpg" width="600" height="317" data-file-id="2707713" /></a></p> <p>Cumberland Advisors is pleased to announce that registration is now open for our annual conference, "Understanding Global Markets & Finance". This is our Fourth Annual Financial Literacy Day of advanced concepts and discussions held at the <a href="https://sar.usfsm.edu/directions/" target="_blank" rel="noopener noreferrer">University of South Florida Sarasota-Manatee (USFSM)</a>. We plan a deep dive into the Bond Market where we'll examine the categories of debt and the influences on those categories including budget deficits plus larger issues like central bank QE and its impacts on interest rates for this debt. We're also featuring a discussion about Real Time Payments (RTP) to include Bitcoin, Libra, Venmo and other versions of electronic money. Do you trust Big Tech with your wallet?</p> <p><center><iframe src='https://www.youtube.com/embed/Xgt3qbgAH9E' allowfullscreen /></center>There will be a special presentation on "The Danger of Deficits and Debt and What Can be Done About It" introduced by Kathleen Stephansen, Senior Economist, Haver Analytics and GIC Chair and conducted by Senator Kent Conrad, Former Chairman of the Senate Budget Committee.</p> <p>Our conference wraps with a Keynote Speech from Loretta Mester, President of the <a href="https://www.clevelandfed.org/" target="_blank" rel="noopener noreferrer">Federal Reserve Bank of Cleveland</a>. Her areas of research expertise and interest include the organizational structure and productive efficiency of financial institutions, financial intermediation and regulation, agency problems in credit markets, credit card pricing, central bank governance, and inflation. See her <a href="https://www.clevelandfed.org/people-search?pid=51d503bc-e964-4f3a-b26e-5c472e868348" target="_blank" rel="noopener noreferrer">bio & cv here</a>.</p> <p>If you're interested in learning more about financial markets and the economy (and escaping the snow for our friends in northern climes), please join us on Friday, February 14, 2020 in Sarasota, Florida. Information and registration here: <a href="https://www.interdependence.org/events/browse/fourth-annual-financial-literacy-day/" target="_blank" rel="noopener noreferrer">https://www.interdependence.org/events/browse/fourth-annual-financial-literacy-day/</a></p> <hr /> <p>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.</p> <p><strong>Sign up for our <a href="https://www.cumber.com/market-commentary-email-sign-up">FREE Cumberland Market Commentaries</a></strong></p> <p>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.</p>

Material and commentaries published in the past may or may not be helpful in analyzing current economic or financial market activity. Please note publishing date when reviewing materials. Please email [email protected] for our current thoughts or to reach an advisor.

Cumberland Advisors Week in Review (Jan 27, 2020 - Jan 31, 2020)

CUMBERLAND ADVISORS' WEEKLY RECAP

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