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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  • 3Q2017 REVIEW: MLP
     Author(s): Richard Daskin | Fri September 22, 2017



    We have started to see a bottoming process in the energy space begin to take hold. Limitations in crude oil production by OPEC and non-OPEC energy producers appear to have stabilized the supply to markets. In addition, demand is performing a bit better than forecast. As a result the US WTI (West…


  • Quick Note on Hurricane Maria and Insured Puerto Rico Bonds
     Author(s): John R. Mousseau, CFA | Thu September 21, 2017



    Hurricane Maria slammed into Puerto Rico today as a Category 5 storm. Our hearts and prayers go out to the citizens of Puerto Rico, as we know this storm will cause extensive damage to the Commonwealth.


  • Accelerating Relief Efforts by Making Each Dollar Count
     Author(s): Gabriel Hament | Wed September 20, 2017



    In the wake of the twin tragedies of Hurricanes Harvey and Irma, here at Cumberland we are doing what we can to assist and support those organizations that are efficiently deploying resources to help vulnerable households regroup and get back on their feet. We have all heard the stories and…


  • 3Q2017 Review: US ETF
     Author(s): David R. Kotok | Tue September 19, 2017



    What a crazy quarter we are closing. Washington chaos and antics, North Korean threats and missiles, hurricanes, uncertain Fed policy, no advancement of legislation or tax reform or healthcare reform or repatriation or infrastructure rebuilding – we encountered all this and more. And in the…


  • The Wrath of Irma
     Author(s): Patricia Healy, CFA | Sat September 16, 2017



    It was a short two weeks ago that I wrote a commentary titled “Hurricane Harvey – Unprecedented Event?” Harvey ended up being two events, the hurricane and then extensive, protracted rain and flooding. And here I am now, writing about another unprecedented event: Hurricane Irma, which hit the…


  • Market Correlations: Margin Debt, High Yield, and Ten-Year Bond
     Author(s): Leo Chen, Ph.D. | Thu September 14, 2017



    Financial markets often present cross-sectional correlations throughout many asset classes. For example, while crude oil and the energy sector tend to move in sync, gold and equity like to move in opposite directions. Besides the usual suspects in past asset-correlation studies, we would like to…


  • Irma Farewell
     Author(s): David R. Kotok | Wed September 13, 2017



    Little things happen in a hurricane. Example: When the wind is blowing counterclockwise on the Gulf of Mexico coast, it pushes the waterline away from the shore. Manatees get stranded in the mud (cbsnews.com/news/hurricane-irma-tampa-bay-water-levels-strands-manatees/).


  • Looking IRMA in the Eye - III
     Author(s): Robert Eisenbeis, Ph.D. | Tue September 12, 2017



    Irma is over in Sarasota and all Cumberland staff are accounted for and unharmed.  Many left town, but a couple are in temporary shelters.  Power went out at our house about 8:00 PM yesterday, but in a split second the generator kicked in and purred like a kitten all night.  We were the only…


  • Looking Irma in the Eye
     Author(s): David R. Kotok | Mon September 11, 2017



    Many thanks for all emails and good wishes. Here are some answers to questions received in last two hours.

    I'm in Sarasota. We live in zone A and had mandatory evacuation. We are six miles inland staying in a private shuttered home with friends. We have a tornado room, water, food,…


  • US Hurricanes and the Bond Market
     Author(s): John R. Mousseau, CFA & Gabriel Hament | Sat September 9, 2017



    As Hurricane Irma churns through the Caribbean, the United States is faced with something that it has not experienced before: two hurricanes of category 4 or higher hitting the country in the same year (http://www.aoml.noaa.gov/hrd/hurdat/All_U.S._Hurricanes.html).


 

 

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Plutarch