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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  • Puerto Rico and Recurring Hurricanes
     Author(s): John R. Mousseau, CFA and Alex J. Pollock | Sat November 18, 2017



    Last Monday, November 6th, I was privileged to serve on a panel discussion at the American Enterprise Institute in Washington DC, where the topic was Puerto Rico after Hurricane Maria. The discussion covered a wide range in topics that included the damage to Puerto Rico as well as issues of…


  • Brexit Update – The Irish Roadblock
     Author(s): Bill Witherell, Ph.D. | Thu November 16, 2017



    Significant progress is needed on three “divorce” issues – the future rights of EU citizens in the UK and UK citizens in the EU, the UK’s financial obligations to the EU, and the future border between Northern Ireland and the Republic of Ireland – before the Brexit negotiations can move to the…


  • Tax Reform?
     Author(s): David R. Kotok | Tue November 14, 2017



    “The only difference between death and taxes is that death doesn’t get worse every time Congress meets.” – Will Rogers (source: BrainyQuote.com)


  • More on Bitcoin
     Author(s): David R. Kotok | Fri November 10, 2017



    Following up on our recent commentary, and with permission, we continue to quote the excellent work of Nick Colas and Jessica Rabe of DataTrek Research. We encourage readers to give their newly launched service a try. Their website is http://datatrekresearch.com/.

    In this segment, Nick…


  • Bitcoin, Gold & President’s Approval Ratings
     Author(s): David R. Kotok | Wed November 8, 2017

    Cumberland Advisors Market Commentary - Bitcoin, Gold & President’s Approval Ratings by David R. Kotok


    Readers have seen us previously comment on the developing Bitcoin-crypto phenomenon. And our clients know that we are not investing in crypto today but are watching this carefully. Our clients also know we have a position in a gold-miner ETF. Our email from clients, media, and readers has the…


  • Chairman Powell
     Author(s): Robert Eisenbeis, Ph.D. | Tue November 7, 2017



    President Trump announced on Thursday the elevation of Governor Jerome Powell to succeed Chair Janet Yellen when her four-year term as chair of the Board of Governors expires. For those who may not know, the chair of the Board of Governors is appointed for a four-year term, which is different…


  • Munis: First Take on the House Tax Bill
     Author(s): John R. Mousseau, CFA | Sat November 4, 2017



    The House bill proposes to keep a 39.6% top rate. Thus there will be no reduction on the demand side for munis for individuals.

    The corporate rate is lowered to 20% from 35%. The lower rate may hurt corporation demand for munis, most likely in shorter-term maturities since their yields…


  • Zika Update: Brace for Resurgence
     Author(s): David R. Kotok | Thu November 2, 2017



    Back in 2013 a mild virus nobody paid much attention to underwent one small mutation: A single amino acid (serine) was replaced by another (asparagine), according to Chinese scientists who recently published their research in the journal Science (https://www.washingtonpost.com/news/speaking-of-…


  • Keynes, Kuznets & Trump
     Author(s): David R. Kotok | Tue October 31, 2017



    At 8:22 a.m. on Saturday morning, @realDonaldTrump greeted the world with this observation: "Very little reporting about the GREAT GDP numbers announced yesterday (3.0 despite the big hurricane hits). Best consecutive Q's in years!" – Hat tip: Politico.


  • Bitcoin, Gold & Money
     Author(s): David R. Kotok | Fri October 27, 2017



    We start with a quote by Donald Trump, courtesy of CNN, May 16, 2016: “This is the United States government. First of all, you never have to default because you print the money, I hate to tell you, OK?”


 

 

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

Plutarch