Insights
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.
Author(s): John R. Mousseau, CFA | Thu March 28, 2024
The tax-free municipal bond market continued to put on a heck of a show during the first quarter of 2024. Where US Treasury yields have risen since the end of the year, Muni bond yields have moved little and yield ratios are similar to year-end.Here is the comparison of the US Treasury market…
Author(s): David R. Kotok | Wed March 27, 2024
As the first quarter of 2024 ends, the US financial markets have dealt with a series of unusual and uncertain events. Federal Reserve policy-outcome prognostications have been valued and revalued by market forces, expressed in futures prices. Stock markets are influenced by the outlook for…
Author(s): Patricia Healy, CFA | Tue March 26, 2024
Our hearts go out to those whose lives were affected by the collapse of the Francis Scott Key Bridge after a major support was struck by a massive container ship in Tuesday’s early morning hours. Video clips of the collapse are captivating but distressing, given that there were people on the…
Author(s): David R. Kotok | Sun March 24, 2024
We now know the presumptive presidential candidates. One of them (Trump) has presided over the largest deficits of the last 60 years. The other (Biden) has proposed deficit reduction but he requires Congress to pass tax increases to obtain it. Trump has promised unspecified tax cuts. Republican…
Author(s): Norman Dempsey, MBA | Sat March 23, 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/…
Author(s): Robert Eisenbeis, Ph.D. | Fri March 22, 2024
To no one’s surprise, the FOMC held its target rate range constant at 5.25%–5.5% and continued the process of letting its securities run off as they mature. In support of that decision, the committee’s statement cited data suggesting that job gains remain strong, the economy is expanding at a…
Author(s): David R. Kotok | Sun March 17, 2024
I’m starting this commentary with an analysis of Putin’s recent state of the nation address (“Putin’s Six-Year Manifesto Sets Sights Beyond Ukraine,” https://carnegieendowment.org/politika/91872). Please take a few minutes. The source is the Carnegie Endowment for International Peace. The…
Author(s): Norman Dempsey, MBA | Sat March 16, 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/…
Author(s): David R. Kotok | Tue March 12, 2024
Every time the Leading Economic Index (LEI) has been negative year-over-year and the yield curve was simultaneously inverted, there has been a recession – not just a slowdown but a recession. We have decades of data to support this assertion.
Author(s): Robert Eisenbeis, Ph.D. | Mon March 11, 2024
Chairman Powell gave his semi-annual monetary policy testimony on Wednesday before the House Financial Services Committee and on Thursday before the Senate Banking Committee. His introductory remarks were fairly short.