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): David W. Berson, Ph.D., CBE | Fri April 10, 2026
Ugly overall, but some good news inside. The March CPI jumped by 0.9 percent (equal to market expectations), bringing the 12-month trend rate up to 3.3 percent – the fastest pace since September 2023.
Author(s): John R. Mousseau, CFA | Mon March 23, 2026
The war against Iran is about to begin its fourth week this Sunday. We have seen bond yields rise in both taxable and tax-free bond markets, reflecting mostly the rise in the cost of oil due to shipping stoppages through the Strait of Hormuz...
Author(s): David W. Berson, Ph.D., CBE | Wed March 11, 2026
The calm before the storm. The February Consumer Price Index (CPI) increased by 0.3 percent in February, while the core CPI (excluding the volatile food and energy components) rose by 0.2 percent for the month.
Author(s): David W. Berson, Ph.D., CBE | Fri March 6, 2026
A drop in nonfarm payrolls – survey volatility or real weakness? Nonfarm payrolls fell by 92,000 in February, compared with market expectations of a rise of around 50,000.
Author(s): John R. Mousseau, CFA | Mon January 26, 2026
This is an overview of Cumberland Advisors’ thoughts on financial markets as we head into 2026. As we come off the first year of President Trump’s second term, the markets have encountered several themes and events that we have not dealt with in the recent past...
Author(s): David W. Berson, Ph.D., CBE | Tue January 13, 2026
December core inflation up a bit less than expected. The December CPI rose by 0.3 percent, keeping the 12-month trend rate at 2.7 percent – exactly as markets expected.
Author(s): Patricia Healy, CFA | Tue January 13, 2026
Muni credit quality remained strong over the 4th quarter despite some moderating of upgrade activity. Investment grade munis are considered a safe fixed-income investment, with most issuers maintaining strong reserves to help manage through challenges such as changes in federal funding and…
Author(s): John R. Mousseau, CFA | Fri January 2, 2026
As we pull to a close in 2025, we present below the yields on US Treasuries, AA corporates, AAA munis, and the taxable equivalent of AAA munis (using a 37% top federal tax rate) for the end of last year and here on the last day of 2025.
Author(s): John R. Mousseau, CFA | Mon December 22, 2025
Santa Claus’s gift to the bond markets last week was some relevant economic numbers after weeks of “old” numbers that were backed up since the government shutdown started on October 1st (and ended on November 12th when Congress passed a funding bill that was signed into law by the President).
Author(s): David W. Berson, Ph.D., CBE | Thu December 18, 2025
While the federal government shutdown prevented most of the October inflation survey, the full November survey showed slower price gains from a year ago.