The Cumberland Advisors Week in Review is a digest 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.
Matt McAleer - Equities
- Equities still trading in a range
- NASDAQ hanging around YTD highs
- Regional bank weakness bleeding into large cap banks
- What are the possible impacts of long term bank headwinds on markets?
John Mousseau - Fixed Income
- Headline & Core CPI creeping downwards
- Much needed quiet week for U.S. Treasuries
- Negative 10 & 2 year yield curve level has decreased significantly
- A longer pause for the Fed would likely lead to faster cuts
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
Check out this excerpt of a "WOW of the week" post from Camper Steve Blumenthal....
Powell says there is no problem and seeming no limit on government debt. I remember sitting with a former Federal Reserve Chief Economist at the Camp Kotok “Shadow Fed” fishing trip in August 2019. Then, the government debt was ~ $19 trillion, and the Fed owned about $4 trillion of it. I leaned across the table and asked my friend, “What’s the plan?” His answer shocked me. “On one side of the government’s balance sheet (Fed), there is an asset of $4 trillion, and on the other side (US Treasury), there is a liability of $4 trillion. He put his two hands up in the air and clapped them twice. Meaning they offset and cancel each other out. I was stunned. That’s what Powell is saying. That’s the plan.
Read more here: https://www.cmgwealth.com/ri/on-my-radar-cracks-something-will-break/
Day One of "Cryptocurrency and the Future of Global Finance" is now available online
Visit the link below to watch the day's sessions and keynotes.
