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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  • 4Q 2017 Review: International ETF
     Author(s): Bill Witherell, Ph.D. | Wed December 27, 2017



    The strong advance in international (global ex-US) equity markets this year slowed down in the final quarter as advanced-economy markets consolidated their substantial gains and some emerging markets gave back part of their earlier advances. Latin American markets were hit by weakness in…


  • More on Shrinkage, Hillsdale & Christmas Cheer
     Author(s): David R. Kotok | Sun December 24, 2017



    Many readers (copied below) responded to our commentary that described the attempt of Senator Pat Toomey (R-Pa) to “carve out” a special provision in the tax bill for Hillsdale College in Michigan.


  • 4Q 2017 Review: Market Volatility ETF Portfolio, Will the Bull Market Continue?
     Author(s): Leo Chen, Ph.D. | Sat December 23, 2017



    With the Dow Jones Industrial Average approaching 25,000, the S&P 500 touching 2,700, and the tech-heavy Nasdaq Composite topping 7,000, our quantitative strategy has once again harvested considerable quarterly gains.

    The US stock market is likely to have its second-best year since…


  • Wildfires Abound
     Author(s): Patricia Healy, CFA | Sat December 23, 2017



    Natural disasters appear to be on track for a record year. Numerous wildfires in the West and back-to-back hurricanes in the Southeast raise questions about how the affected areas will fare in terms of people and businesses remaining in the area, the continuance of federal aid, and the…


  • The (Im)Prudent Man Rule
     Author(s): Gabriel Hament | Thu December 21, 2017



    The question of what investments are suitable for funds held in trust for the benefit of private persons or corporations is a topic that has engaged the legal and financial communities for centuries. In the United States, the legal framework defining the manner in which funds held in trust for a…


  • Cuba and the Caribbean: What Now?
     Author(s): David R. Kotok | Wed December 20, 2017



    Recent changes in US policies toward Cuba have reinvigorated debate over US-Cuba relations. How will these revised policies affect American business, trade, and travel, as well as the well-being of the Cuban people? What does the future hold?


  • 4Q2017 Review: Looking Forward
     Author(s): Robert Eisenbeis, Ph.D. | Wed December 20, 2017



    The FOMC delivered on the expected 25-basis-point increase in its target range for the federal funds rate and has penciled in three more rate hikes for 2018. Of course, all of this future activity is “data-dependent.” How likely is it that the data will justify those three rate hikes, and what…


  • The Muni Take on the Tax Bill (Round Two)
     Author(s): John R. Mousseau, CFA | Tue December 19, 2017



    The most recent tax-reform agreement between the US House of Representatives and US Senate is less hurtful to municipal bonds than initially expected. Here are some points.


  • Christopher Whalen Interview: Bob Eisenbeis on Seeking Normal at the Fed
     Author(s): David R. Kotok | Sat December 16, 2017



    Our chief monetary economist, Bob Eisenbeis discussed the Fed with Chris Whalen this week. Below, we reproduce the entire interview courtesy of Chris and The Institutional Risk Analyst.

    David R. Kotok Chairman and Chief Investment OfficerEmail | Bio


  • 4Q2017 REVIEW: US ETF
     Author(s): David R. Kotok | Fri December 15, 2017



    The last quarter of 2017 revealed continued bullish momentum in the US stock market and ongoing increases in earnings of US public companies. Through the middle of December, the market made progressive new index highs. Rotation among sectors finally took some steam from the “FAANMG” stocks.…


 

 

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

Plutarch