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.

 

Market Commentary

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.

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  • More on Muni Credit
     Author(s): David R. Kotok | Wed April 4, 2018



    My colleague Patty Healy discussed the muni sector’s credit scoring and status in her recent quarterly commentary. See http://www.cumber.com/q1-2018-municipal-credit/. Readers who missed her missive may want to take a look at it, as it recites lots of evidence of upgrades and downgrades in…


  • Why David Blond is Wrong on Trade
     Author(s): Robert Brusca | Sat March 31, 2018



    We thank readers for their thoughtful responses to David Blond's guest paper on trade and tariffs, Winners and Losers from Global Trade. That paper triggered debate. Below is Bob Brusca’s rebuttal. Enjoy the debate as each person can decide her/his own viewpoint.


  • Q1 2018 Municipal Credit
     Author(s): Patricia Healy, CFA | Sat March 31, 2018



    Ratings, Teachers’ Strikes, Pensions, Higher Education


  • Asia Equity Markets: Solid Economic Growth Versus Political Risk
     Author(s): Bill Witherell, Ph.D. | Fri March 30, 2018



    Asian economies have begun the year with continued solid – and in some cases robust –performance. Yet the major Asian stock markets have diverged, with some significantly outperforming and others underperforming. In this note we focus on Japan, China, and India.


  • SPIVA and Active Bond Management
     Author(s): Gabriel Hament | Wed March 28, 2018



    Active Equity Fund Managers Stuck in the Rough, While Active Bond Managers Tend to Stay on the Fairway


  • Dovish or Hawkish?
     Author(s): Robert Eisenbeis, Ph.D. | Tue March 27, 2018



    Chairman Powell held his first press conference following the FOMC meeting. It was more concise but just as informative as those of his predecessor. As expected, the FOMC raised the target range for the federal funds rate by 25 basis points, and Chairman Powell delivered a message consistent…


  • Taxable Total Return First-Quarter Review
     Author(s): | Sat March 24, 2018



    The first quarter of 2018 provided some long overdue volatility to equity markets while Treasury yields rose across the board. The long end of the yield curve underperformed during the month of January. Roughly 75% of the 35-basis-point move upward in the 30yr Treasury yield took place in the…


  • Banks and April 5
     Author(s): | Wed March 21, 2018



    Banks and the banking system are a big part of the April 5 Financial Literacy Day to be held in Sarasota at the Selby Auditorium on the University of South Florida Sarasota-Manatee (USFSM) campus.


  • Market Volatility ETF Portfolios 1Q 2018 Review: Equity Premium
     Author(s): Leo Chen, Ph.D. | Tue March 20, 2018



    The US stock market had a long overdue correction in the first quarter, a response to the concern that the market had become overvalued in the raging post-election bull market. Many sophisticated investors would probably agree that a healthy pullback can propel the market forward in the long run…


  • Winners and Losers from Global Trade
     Author(s): David L. Blond, Ph.D | Sun March 18, 2018



    David L. Blond, Ph.D, has a distinguished career in international economics and particularly on the issues of trade. He is the president of QuERI-International, Washington, D.C.

    He has assessed President Trump’s Tariff and Trade barrier initiative and has articulated some strong opinions…


 

 

"The mind is not a vessel to be filled but a fire to be kindled."

Plutarch