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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  • Q3 2017 Municipal Credit
     Author(s): Patricia Healy, CFA | Wed October 11, 2017



    Whirlwind is an understatement.


  • 3Q2017 REVIEW: International ETF
     Author(s): Matthew C. McAleer | Tue October 10, 2017



    Our International ETF strategy analyzes fiscal and interest rate policy and complements that research with trading analytics to determine portfolio risk/reward and valuations. The strategy has the benefit of flexibility in allocation by market cap size and developed vs. emerging markets.


  • The Jones Act
     Author(s): David R. Kotok | Mon October 9, 2017



    With Cumberland’s quarter-end publishing cycle coming to conclusion, we will use this missive to deliver a bullet aimed at the Jones Act. (Readers may have noted that we try to have most of our folks offer comments at the end of each quarter, which is why there has been a flurry of missives.)


  • Clarity Is Key
     Author(s): Shaun Burgess | Thu October 5, 2017



    On September 20, 2017, Hurricane Maria laid waste to the Commonwealth of Puerto Rico. As we sit in Cumberland’s offices in Sarasota, Florida, we watch a humanitarian crisis unfold. Millions are without power, internet, cellular service, and clean drinking water. The process of rebuilding will be…


  • 3Q2017 REVIEW: Tactical Trend ETF
     Author(s): Matthew C. McAleer | Wed October 4, 2017



    Recognizing strengths and weaknesses among primary asset classes is the core goal of our Tactical Trend strategy. The strategy seeks to identify relative strength and trend strength in an attempt to allocate capital to the strongest asset classes while underweighting or eliminating exposure to…


  • Dogma is Dangerous: The Problem with Active vs. Passive Debating
     Author(s): Michael McNiven, Ph.D. | Tue October 3, 2017



    Part of the allure of modern portfolio theory and the academic research that has become a staple of investment theory is its theoretical certainty. In very basic terms it states that through proper diversification and a long-term investment horizon – regardless of what the markets do – investors…


  • Takeaways from NABE
     Author(s): Robert Eisenbeis, Ph.D. | Mon October 2, 2017



    The 59th annual meeting of the National Association of Business Economics took place earlier last week in Cleveland with a stellar lineup of presentations on the state of the US and world economies. Chair Yellen headlined the meeting with a tour de force discussion of why the Fed can’t figure…


  • Munis in Third Quarter 2017 – All About Storms
     Author(s): John R. Mousseau, CFA | Sat September 30, 2017



    The real story of the muni bond market in the third quarter of 2017 was the impact of the three large named storms: Harvey, Irma, and Maria.


  • 3Q2017 Review: Taxable Total Return
     Author(s): Daniel Himelberger | Fri September 29, 2017



    The third quarter of 2017 saw a strong equity market, while yields in the fixed-income market experienced continued volatility. The big picture for the Treasury market during the third quarter was that yields were little changed, with the 1-year Treasury yield increasing by 7.6 basis points and…


  • September's FOMC Decision
     Author(s): Robert Eisenbeis, Ph.D. | Thu September 28, 2017



    As we at Cumberland Advisors expected, the FOMC left its policy rate unchanged for the moment and announced that it would begin the process of normalization of its balance sheet in October. They have a plan. It has been well-articulated. There were no surprises, and the Committee and Chair…


 

 

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

Plutarch