Cumberland Advisors Week in Review (Sept 21, 2020 - Sept 25, 2020)

Cumberland Advisors

Sun Sep 27, 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>Dear Clients & Friends,</p> <p>Thank you for joining Cumberland Advisors for this end-of-week update on market conditions, bonds & equities with Matt McAleer. John Mousseau has the day off.</p> <div></div> <div> <div> <p><strong>Matt McAleer & Equities / ETFs</strong></p> <div> <div> <div> <div> <div>- Nice volatile week!<br /> - Volatility and Risk are not the same<br /> - We like to use volatility to add to strong areas on weakness - Matt explains<br /> - Opportunity shifts the risk/reward scale in your favor<br /> - Powerful ratios can put you in strong names that withstand market headwinds - Matt details<br /> - Matt gives quick overviews of some of our strategies and how/why we're putting cash to work<br /> - Thoughts on investing in Alibaba<br /> - We talk about Life Insurance - let's talk about dividend yields and interest rates and how it affects this instrument<br /> - Matt asks for your input on this subject</div> </div> </div> </div> </div> <p><strong>John Mousseau & Fixed Income / Munis</strong></p> <div> <div> <div>- John provides where yields are<br /> - Quiet week in munis<br /> - We're seeing election jitters enter markets - we've seen this before<br /> - Jobless rates a little higher than expected<br /> - Continuing jobless claims down a little<br /> - Home sales? Rockin'!<br /> - John talks about the bond landscape<br /> - Airports are fairing better than convention centers and stadiums but they still "have wood to chop" before they get back to normal<br /> - As we get closer to a vaccine, the ability to access capital markets is so important for municipal issuers<br /> - Some good news? Looks like Pelosi and Mnuchin are hammering out an agreement for more stimulus/relief that will include relief to state and local governments<br /> - Be sure to watch debates on coming Tuesday</div> <p>Please reach out with any questions/comments you may have about this update; we appreciate your calls, comments, and emails. Watch in the player above or at this link: <a href="https://youtu.be/aTaDczA6yEc" target="_blank" rel="noopener noreferrer">https://youtu.be/aTaDczA6yEc</a></p> </div> <div></div> </div> </div> <p>Have a great weekend.</p> </div> <div></div> <p><strong>-Matt McAleer & Cumberland Advisors</strong></p> <p><em>Matt enjoys your feedback. You can reach him at:</em><br /> -Link to Matt's Email: <a href="mailto:Matthew.McAleer@Cumber.com?subject=Weekly%20Update" target="_blank" rel="noopener noreferrer">Matthew.McAleer@Cumber.com</a><br /> -Link to Matt's Twitter: <a 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/">https://www.linkedin.com/in/matthew-c-mcaleer/</a><br /> -Call Matt: <a href="tel:800-257-7013p346" target="_blank" rel="noopener noreferrer">(800) 257-7013</a></p> <p>Other questions or comments? Email us at <a href="mailto:info@cumber.com?subject=Comment" target="_blank" rel="noopener noreferrer">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> <h1 class="inner_text_heading" style="text-align: center;">IN THE NEWS</h1> <p> </p> </div> <div class="news_row_main clearfix"> <div class="news_right"> <h2 class="inner_text_heading"><a href="https://www.cumber.com/politico-wall-street-braces-for-election-chaos/" target="_blank" rel="noopener noreferrer">Politico – Wall Street braces for election chaos</a></h2> <p>Quoted: David R. Kotok | Posted on: 09/25/2020 <a class="read" href="https://www.cumber.com/politico-wall-street-braces-for-election-chaos/" 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/elecciones-en-ee-uu-wall-street-teme-que-se-llegue-a-los-comicios-sin-un-claro-ganador-a-la-vista-el-cronista/" target="_blank" rel="noopener noreferrer">Elecciones en EE.UU: Wall Street teme que se llegue a los comicios sin un claro ganador a la vista | El Cronista</a></h2> <p>Quoted: David R. Kotok | Posted on: 09/24/2020 <a class="read" href="https://www.cumber.com/elecciones-en-ee-uu-wall-street-teme-que-se-llegue-a-los-comicios-sin-un-claro-ganador-a-la-vista-el-cronista/" 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-ira-powell-fed-embraces-monetary-relativity/" target="_blank" rel="noopener noreferrer">The IRA: Powell Fed Embraces Monetary Relativity</a></h2> <p>Quoted: Robert Eisenbeis | Posted on: 09/23/2020 <a class="read" href="https://www.cumber.com/the-ira-powell-fed-embraces-monetary-relativity/" 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/politico-wall-street-loses-altitude/" target="_blank" rel="noopener noreferrer">Politico – Wall Street loses altitude</a></h2> <p>Quoted: David R. Kotok | Posted on: 09/18/2020 <a class="read" href="https://www.cumber.com/politico-wall-street-loses-altitude/" 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/bondbuyer-puerto-rico-debt-deal-reaches-a-turning-point/" target="_blank" rel="noopener noreferrer">BondBuyer – Puerto Rico debt deal reaches a turning point</a></h2> <p>Quoted: Shaun Burgess | Posted on: 09/11/2020 <a class="read" href="https://www.cumber.com/bondbuyer-puerto-rico-debt-deal-reaches-a-turning-point/" 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/july-labor-turnover-survey-jolts/" target="_blank" rel="noopener noreferrer">July Labor Turnover Survey (JOLTS)</a></h2> <p>Quoted: David R. Kotok | Posted on: 09/09/2020 <a class="read" href="https://www.cumber.com/july-labor-turnover-survey-jolts/" 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/politico-economy-to-dominate-the-stretch-run/" target="_blank" rel="noopener noreferrer">Politico – Economy to dominate the stretch run</a></h2> <p>Quoted: David R. Kotok | Posted on: 09/08/2020 <a class="read" href="https://www.cumber.com/politico-economy-to-dominate-the-stretch-run/" 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/feds-jay-powell-creating-zombie-firms-says-noted-fed-watcher/" target="_blank" rel="noopener noreferrer">Fed’s Jay Powell creating ’zombie’ firms, says noted Fed watcher</a></h2> <p>Quoted: David R. Kotok | Posted on: 09/07/2020 <a class="read" href="https://www.cumber.com/feds-jay-powell-creating-zombie-firms-says-noted-fed-watcher/" 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/david-kotok-on-the-markets-radio/" target="_blank" rel="noopener noreferrer">David Kotok on the Markets (Radio)</a></h2> <p>Quoted: David R. Kotok | Posted on: 09/02/2020 <a class="read" href="https://www.cumber.com/david-kotok-on-the-markets-radio/" 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/bond-buyer-florida-preps-2-25-billion-deal-to-pay-hurricane-claims/" target="_blank" rel="noopener noreferrer">BondBuyer – Florida preps $2.25 billion deal to pay hurricane insurance claims</a></h2> <p>Quoted: Patricia Healy, CFA | Posted on: 08/31/2020 <a class="read" href="https://www.cumber.com/bond-buyer-florida-preps-2-25-billion-deal-to-pay-hurricane-claims/" 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> <p> </p> <hr /> <h3 style="text-align: center;">More Cumberland Advisors News here:</h3> <h3 style="text-align: center;"><a href="https://www.cumber.com/news/" target="_blank" rel="noopener noreferrer" data-cke-saved-href="https://www.cumber.com/news/">https://www.cumber.com/news/</a></h3> <hr /> <p> </p> <hr /> <div class="post-thumbnail"><img class="attachment-post-thumbnail size-post-thumbnail wp-post-image aligncenter" src="/sites/default/files/uploads/2017/03/Market-Commentary-672x245.png" alt="Cumberland Advisors Market Commentary" width="672" height="245" /></div> <div class="static_cont_outer"> <p>Cumberland Advisors Market Commentary offers 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. Our readers appreciate its timeliness, depth of analysis, and quality of research.</p> <p>To read current and past commentaries, visit <a href="https://www.cumber.com/category/market-commentary/" target="_blank" rel="noopener noreferrer">https://www.cumber.com/category/market-commentary/</a></p> </div> <hr /> <header class="entry-header"> <header class="entry-header"> <header class="entry-header"> <header class="entry-header"> <header class="entry-header"> <header class="entry-header"> <header class="entry-header"> <header class="entry-header"> <header class="entry-header"> <header class="entry-header"> <header class="entry-header"> <header class="entry-header"> <header class="entry-header"> <header class="entry-header"> <header class="entry-header"> <header class="entry-header"> <header class="entry-header"> <header class="entry-header"> <header class="entry-header"> <header class="entry-header"> <header class="entry-header"> <header class="entry-header"> <header class="entry-header"> <header class="entry-header"> <header class="entry-header"> <header class="entry-header"> <h2 class="inner_text_heading"><a href="https://www.cumber.com/cumberland-advisors-market-commentary-cumberland-responds-to-barrons/" rel="bookmark">Cumberland Responds to Barron’s</a></h2> <h6><strong>Author:</strong> David R. Kotok, John R. Mousseau, CFA & Patricia Healy, CFA, <strong>Post Date:</strong> September 23, 2020</h6> </header> <div class="entry-summary"> <p><a class="post-thumbnail" href="https://www.cumber.com/cumberland-advisors-market-commentary-cumberland-responds-to-barrons/"><img class="attachment-post-thumbnail size-post-thumbnail wp-post-image" src="/sites/default/files/uploads/2020/09/Cumberland-Advisors-Market-Commentary-Cumberland-Responds-to-Barrons-672x372.jpg" sizes="(max-width: 672px) 100vw, 672px" srcset="/sites/default/files/uploads/2020/09/Cumberland-Advisors-Market-Commentary-Cumberland-Responds-to-Barrons-672x372.jpg 672w, /sites/default/files/uploads/2020/09/Cumberland-Advisors-Market-Commentary-Cumberland-Responds-to-Barrons-1038x576.jpg 1038w" alt="Cumberland Responds to Barron's" width="672" height="372" /></a></p> <p>Many municipal entities are under extreme stress and federal help is needed now, or these entities will have to reduce staff, swelling the ranks of the unemployed across the nation and reducing municipal services at the very time that demands for those services are at record levels. [Continued…]</p> <hr /> </div> <header class="entry-header"> <h2 class="inner_text_heading"><a href="https://www.cumber.com/cumberland-advisors-market-commentary-wildfire-correction-and-addition/" rel="bookmark">Wildfire: Correction and Addition</a></h2> <h6><strong>Author:</strong> David R. Kotok, <strong>Post Date:</strong> September 22, 2020</h6> </header> <div class="entry-summary"> <p><a class="post-thumbnail" href="https://www.cumber.com/cumberland-advisors-market-commentary-wildfire-correction-and-addition/"><img class="attachment-post-thumbnail size-post-thumbnail wp-post-image" src="/sites/default/files/uploads/2020/09/Cumberland-Advisors-Market-Commentary-Wildfire-Correction-and-Addition-672x372.jpg" sizes="(max-width: 672px) 100vw, 672px" srcset="/sites/default/files/uploads/2020/09/Cumberland-Advisors-Market-Commentary-Wildfire-Correction-and-Addition-672x372.jpg 672w, /sites/default/files/uploads/2020/09/Cumberland-Advisors-Market-Commentary-Wildfire-Correction-and-Addition-1038x576.jpg 1038w" alt="Wildfire Correction and Addition" width="672" height="372" /></a></p> <p>In our recent commentary “Wildfire: More Than a Song” https://www.cumber.com/cumberland-advisors-market-commentary-wildfire-more-than-a-song/, we stated that our nation’s federally owned forests “are housed in the Department of the Interior.” That is true up to a point: The Bureau of Land Management (BLM), which is an arm of the Department of the Interior, does manage 246 million acres of [Continued…]</p> <hr /> </div> <header class="entry-header"> <h2 class="inner_text_heading"><a href="https://www.cumber.com/cumberland-advisors-market-commentary-trump-and-puerto-rico-better-late-than-never/" rel="bookmark">Trump and Puerto Rico. Better late than never.</a></h2> <h6><strong>Author:</strong> David R. Kotok, <strong>Post Date:</strong> September 21, 2020</h6> </header> <div class="entry-summary"> <p><a class="post-thumbnail" href="https://www.cumber.com/cumberland-advisors-market-commentary-trump-and-puerto-rico-better-late-than-never/"><img class="attachment-post-thumbnail size-post-thumbnail wp-post-image" src="/sites/default/files/uploads/2018/08/Market-Commentary-Large-Puerto-Rico-LinkedIn-672x372.jpg" sizes="(max-width: 672px) 100vw, 672px" srcset="/sites/default/files/uploads/2018/08/Market-Commentary-Large-Puerto-Rico-LinkedIn-672x372.jpg 672w, /sites/default/files/uploads/2018/08/Market-Commentary-Large-Puerto-Rico-LinkedIn-1038x576.jpg 1038w" alt="Market Commentary Puerto Rico" width="672" height="372" /></a></p> <p>With much fanfare, on Friday, Sept. 18, President Trump abruptly shifted his policy on rebuilding Puerto Rico. Where he had often disparaged the island’s leaders and opposed rebuilding a power grid and other infrastructure that was destroyed by Hurricane Maria in September 2017, Trump now claimed, “I’m the best thing that ever happened to Puerto [Continued…]</p> <hr /> </div> <header class="entry-header"> <h2 class="inner_text_heading"><a href="https://www.cumber.com/cumberland-advisors-market-commentary-wildfire-more-than-a-song/" rel="bookmark">Wildfire: More Than a Song</a></h2> <h6><strong>Author:</strong> David R. Kotok, <strong>Post Date:</strong> September 20, 2020</h6> </header> <div class="entry-summary"> <p><a class="post-thumbnail" href="https://www.cumber.com/cumberland-advisors-market-commentary-wildfire-more-than-a-song/"><img class="attachment-post-thumbnail size-post-thumbnail wp-post-image" src="/sites/default/files/uploads/2020/09/Cumberland-Advisors-Market-Commentary-Wildfire-More-Than-a-Song-672x372.jpg" sizes="(max-width: 672px) 100vw, 672px" srcset="/sites/default/files/uploads/2020/09/Cumberland-Advisors-Market-Commentary-Wildfire-More-Than-a-Song-672x372.jpg 672w, /sites/default/files/uploads/2020/09/Cumberland-Advisors-Market-Commentary-Wildfire-More-Than-a-Song-1038x576.jpg 1038w" alt="Wildfire More Than a Song" width="672" height="372" /></a></p> <p>Let’s begin this missive with some remarks on wildfire issues from Philippa Dunne of TLR Analytics. Philippa has vast personal experience with fires and is one of our nation’s highly skilled analysts of labor data cohorts, including firefighters. “Over the last decades, yes decades, news pieces on short-handed fire-crews losing control of western fires have [Continued…]</p> <hr /> </div> <h2 class="inner_text_heading"><a href="https://www.cumber.com/cumberland-advisors-market-commentary-fomc-hope-now-seems-to-be-a-strategy/" rel="bookmark" data-cke-saved-href="https://www.cumber.com/cumberland-advisors-market-commentary-fomc-hope-now-seems-to-be-a-strategy/">FOMC: Hope Now Seems to Be a Strategy</a></h2> <header class="entry-header"> <h6><strong>Author:</strong> Robert Eisenbeis, Ph.D., <strong>Post Date:</strong> September 18, 2020</h6> </header> <div class="entry-summary"> <p><a class="post-thumbnail" href="https://www.cumber.com/cumberland-advisors-market-commentary-fomc-hope-now-seems-to-be-a-strategy/" data-cke-saved-href="https://www.cumber.com/cumberland-advisors-market-commentary-fomc-hope-now-seems-to-be-a-strategy/"><img class="attachment-post-thumbnail size-post-thumbnail wp-post-image" src="/sites/default/files/uploads/2020/09/Cumberland-Advisors-Market-Commentary-FOMC-Hope-Now-Seems-to-Be-a-Strategy-Eisenbeis-672x372.jpg" sizes="(max-width: 672px) 100vw, 672px" srcset="/sites/default/files/uploads/2020/09/Cumberland-Advisors-Market-Commentary-FOMC-Hope-Now-Seems-to-Be-a-Strategy-Eisenbeis-672x372.jpg 672w, /sites/default/files/uploads/2020/09/Cumberland-Advisors-Market-Commentary-FOMC-Hope-Now-Seems-to-Be-a-Strategy-Eisenbeis-1038x576.jpg 1038w" alt="FOMC Hope Now Seems to Be a Strategy (Eisenbeis)" width="672" height="372" data-cke-saved-src="/sites/default/files/uploads/2020/09/Cumberland-Advisors-Market-Commentary-FOMC-Hope-Now-Seems-to-Be-a-Strategy-Eisenbeis-672x372.jpg" /></a></p> <p>The FOMC finished its September deliberations and published its first statement and Summary of Economic Projections (SEPs) since the revision of its policy strategy was announced on the eve of the Kansas City Fed’s annual August Jackson Hole Symposium. The statement began by reiterating that the FOMC stands ready to employ its full range of [Continued…]</p> </div> <h2></h2> <hr /> <header class="entry-header"> <h2 class="inner_text_heading"><a href="https://www.cumber.com/cumberland-advisors-market-commentary-bipartisan-house-members-enough-is-enough/" rel="bookmark" data-cke-saved-href="https://www.cumber.com/cumberland-advisors-market-commentary-bipartisan-house-members-enough-is-enough/">Bipartisan House Members: “Enough Is Enough”</a></h2> <h6><strong>Author:</strong> David R. Kotok, <strong>Post Date:</strong> September 17, 2020</h6> </header> <div class="entry-summary"> <p><a class="post-thumbnail" href="https://www.cumber.com/cumberland-advisors-market-commentary-bipartisan-house-members-enough-is-enough/" data-cke-saved-href="https://www.cumber.com/cumberland-advisors-market-commentary-bipartisan-house-members-enough-is-enough/"><img class="attachment-post-thumbnail size-post-thumbnail wp-post-image" src="/sites/default/files/uploads/2020/09/Market-Commentary-Cumberland-Advisors-Enough-Is-Enough-Government-Whitehouse-Kotok-672x372.jpg" sizes="(max-width: 672px) 100vw, 672px" srcset="/sites/default/files/uploads/2020/09/Market-Commentary-Cumberland-Advisors-Enough-Is-Enough-Government-Whitehouse-Kotok-672x372.jpg 672w, /sites/default/files/uploads/2020/09/Market-Commentary-Cumberland-Advisors-Enough-Is-Enough-Government-Whitehouse-Kotok-1038x576.jpg 1038w" alt="" width="672" height="372" data-cke-saved-src="/sites/default/files/uploads/2020/09/Market-Commentary-Cumberland-Advisors-Enough-Is-Enough-Government-Whitehouse-Kotok-672x372.jpg" /></a></p> <p>The bipartisan House Problem Solvers Caucus (https://problemsolverscaucus-gottheimer.house.gov), led by Reps. Josh Gottheimer (D-NJ) and Tom Reed (R-NY) includes around 50 House members, both Republicans and Democrats. They have proposed a US pandemic aid package that amounts to $1.5 trillion and continues unemployment aid at $450/week, increasing over time to $600/week but not to exceed a [Continued…]</p> </div> <hr /> <header class="entry-header"> <h2 class="inner_text_heading"><a href="https://www.cumber.com/cumberland-advisors-market-commentary-jolts-july/" rel="bookmark" data-cke-saved-href="https://www.cumber.com/cumberland-advisors-market-commentary-jolts-july/">JOLTS – July</a></h2> <h6><strong>Author:</strong> Robert Eisenbeis, Ph.D., <strong>Post Date:</strong> September 16, 2020</h6> </header> <div class="entry-summary"> <p><a class="post-thumbnail" href="https://www.cumber.com/cumberland-advisors-market-commentary-jolts-july/" data-cke-saved-href="https://www.cumber.com/cumberland-advisors-market-commentary-jolts-july/"><img class="attachment-post-thumbnail size-post-thumbnail wp-post-image" src="/sites/default/files/uploads/2017/12/Cumberland-White-Logo-Blue-BG-672x372.jpg" sizes="(max-width: 672px) 100vw, 672px" srcset="/sites/default/files/uploads/2017/12/Cumberland-White-Logo-Blue-BG-672x372.jpg 672w, /sites/default/files/uploads/2017/12/Cumberland-White-Logo-Blue-BG-1038x576.jpg 1038w" alt="Cumberland Advisors' Robert "Bob" Eisenbeis, Ph.D." width="672" height="372" data-cke-saved-src="/sites/default/files/uploads/2017/12/Cumberland-White-Logo-Blue-BG-672x372.jpg" /></a></p> <p>The BLS Job Openings and Labor Turnover Survey (JOLTS) data come out with a lag, so we are now just getting a look at the July numbers. They do, however, help fill in some of the labor dynamics that are occurring within the economy as we adjust to the COVID-19 pandemic shock. We know that [Continued…]</p> </div> <h2></h2> <hr /> <header class="entry-header"> <h2 class="inner_text_heading"><a href="https://www.cumber.com/cumberland-advisors-market-commentary-the-rise-of-separately-managed-accounts-2020-update/" rel="bookmark" data-cke-saved-href="https://www.cumber.com/cumberland-advisors-market-commentary-the-rise-of-separately-managed-accounts-2020-update/">The Rise of Separately Managed Accounts – 2020 Update</a></h2> <h6><strong>Author:</strong> Patricia Healy, CFA, <strong>Post Date:</strong> September 15, 2020</h6> </header> <div class="entry-summary"> <p><a class="post-thumbnail" href="https://www.cumber.com/cumberland-advisors-market-commentary-the-rise-of-separately-managed-accounts-2020-update/" data-cke-saved-href="https://www.cumber.com/cumberland-advisors-market-commentary-the-rise-of-separately-managed-accounts-2020-update/"><img class="attachment-post-thumbnail size-post-thumbnail wp-post-image" src="/sites/default/files/uploads/2020/09/Cumberland-Advisors-Market-Commentary-Separately-Managed-Accounts-Patricia-Healy-672x372.jpg" sizes="(max-width: 672px) 100vw, 672px" srcset="/sites/default/files/uploads/2020/09/Cumberland-Advisors-Market-Commentary-Separately-Managed-Accounts-Patricia-Healy-672x372.jpg 672w, /sites/default/files/uploads/2020/09/Cumberland-Advisors-Market-Commentary-Separately-Managed-Accounts-Patricia-Healy-1038x576.jpg 1038w" alt="" width="672" height="372" data-cke-saved-src="/sites/default/files/uploads/2020/09/Cumberland-Advisors-Market-Commentary-Separately-Managed-Accounts-Patricia-Healy-672x372.jpg" /></a></p> <p>Cumberland has utilized separately managed accounts (SMAs) to execute its fixed-income strategy since the company’s inception in 1973, long before SMAs were popularized in the early 2000s. The reasons for managing money in this fashion are the same today as they were then: • Transparency (you know what you own) • Flexibility to make strategic [Continued…]</p> </div> <hr /> <header class="entry-header"> <h2 class="inner_text_heading"><a href="https://www.cumber.com/cumberland-advisors-market-commentary-insider-trading-the-case-of-energy/" rel="bookmark" data-cke-saved-href="https://www.cumber.com/cumberland-advisors-market-commentary-insider-trading-the-case-of-energy/">Insider Trading – the Case of Energy</a></h2> <h6><strong>Author:</strong> Leo Chen, Ph.D., <strong>Post Date:</strong> September 14, 2020</h6> </header> <div class="entry-summary"> <p><a class="post-thumbnail" href="https://www.cumber.com/cumberland-advisors-market-commentary-insider-trading-the-case-of-energy/" data-cke-saved-href="https://www.cumber.com/cumberland-advisors-market-commentary-insider-trading-the-case-of-energy/"><img class="attachment-post-thumbnail size-post-thumbnail wp-post-image" src="/sites/default/files/uploads/2020/09/Cumberland-Advisors-Market-Commentary-Insider-Trading-–-the-Case-of-Energy-672x372.jpg" sizes="(max-width: 672px) 100vw, 672px" srcset="/sites/default/files/uploads/2020/09/Cumberland-Advisors-Market-Commentary-Insider-Trading-–-the-Case-of-Energy-672x372.jpg 672w, /sites/default/files/uploads/2020/09/Cumberland-Advisors-Market-Commentary-Insider-Trading-–-the-Case-of-Energy-1038x576.jpg 1038w" alt="Insider Trading – the Case of Energy" width="672" height="372" data-cke-saved-src="/sites/default/files/uploads/2020/09/Cumberland-Advisors-Market-Commentary-Insider-Trading-–-the-Case-of-Energy-672x372.jpg" /></a></p> <p>Our last commentary on insider trading studied post-insider-purchase-spike (PIPS) market performance (https://www.cumber.com/cumberland-advisors-market-commentary-insider-trading-what-does-it-tell-us/). We found that the 6-month market return is 13.54% on average after the insider buy/sell ratio rises above 1. Today we will demonstrate the PIPS effect using the Energy sector as an example. Undoubtedly, corporate insiders possess an informational advantage over outsiders. The [Continued…]</p> </div> <h2></h2> <hr /> <header class="entry-header"> <h2 class="inner_text_heading"><a href="https://www.cumber.com/cumberland-advisors-market-commentary-florida-schools-floridas-businesses/" rel="bookmark" data-cke-saved-href="https://www.cumber.com/cumberland-advisors-market-commentary-florida-schools-floridas-businesses/">Florida Schools & Florida’s Businesses?</a></h2> <h6><strong>Author:</strong> David R. Kotok, <strong>Post Date:</strong> September 13, 2020</h6> </header> <div class="entry-summary"> <p><a class="post-thumbnail" href="https://www.cumber.com/cumberland-advisors-market-commentary-florida-schools-floridas-businesses/" data-cke-saved-href="https://www.cumber.com/cumberland-advisors-market-commentary-florida-schools-floridas-businesses/"><img class="attachment-post-thumbnail size-post-thumbnail wp-post-image" src="/sites/default/files/uploads/2020/09/Cumberland-Advisors-Market-Commentary-Florida-Schools-Floridas-Businesses-672x372.jpg" sizes="(max-width: 672px) 100vw, 672px" srcset="/sites/default/files/uploads/2020/09/Cumberland-Advisors-Market-Commentary-Florida-Schools-Floridas-Businesses-672x372.jpg 672w, /sites/default/files/uploads/2020/09/Cumberland-Advisors-Market-Commentary-Florida-Schools-Floridas-Businesses-1038x576.jpg 1038w" alt="Florida Schools & Florida's Businesses" width="672" height="372" data-cke-saved-src="/sites/default/files/uploads/2020/09/Cumberland-Advisors-Market-Commentary-Florida-Schools-Floridas-Businesses-672x372.jpg" /></a></p> <p>Dear snowbirds and tourists: There is no question that Florida’s businesses, restaurants, hotels, fishing guides, and theme parks need you and want you. It’s simple, our state economy depends on visitors, and we want you to come and we want you to spend your money. We’re hurting. Some have asked us about visiting us at [Continued…]</p> </div> <hr /> <h3 style="text-align: center;">Cuba and the Caribbean: What Now?</h3> <h3 style="text-align: center;">The Economies of Cuba & Puerto Rico Explored</h3> <h3 style="text-align: center;">February 22, 2018</h3> </header> <p style="text-align: center;"><iframe src='https://www.youtube.com/embed/olhsMuoeKaI' allowfullscreen /></p> <p>USF Sarasota-Manatee, Cumberland Advisors, and the Global Interdependence Center hosted a series of talks on February 22, 2018 discussing current issues involving U.S. interests and current events in the Caribbean. In this video, economists have a look at the economic state of Cuba and Puerto Rico after a series of destructive storms.</p> <header class="entry-header"> <hr /> </header> </header> </header> </header> </header> </header> </header> <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> </header> </header> </header> </header> </header> </header> </header> </header> </header> </header> </header> </header> </header> </header> </header> </header> </header> </header>

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 (Sept 21, 2020 - Sept 25, 2020)

CUMBERLAND ADVISORS' WEEKLY RECAP

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