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.
Author(s): John R. Mousseau, CFA & Gabriel Hament | Sat May 6, 2017
The Trump tax proposal includes the elimination of state and local tax deductibility from federal taxes. We wrote last week about the potential effects of this change on the municipal bond market. See, Quick Take on Munis and the Trump Plan.
Author(s): Shaun Burgess | Fri May 5, 2017
For the first time in American history, a United States territory will seek what is essentially bankruptcy relief in federal court. Puerto Rico made headlines today with the Financial Oversight and Management Board’s (FOMB) decision to approve the usage of Title III to restructure the island’s…
Author(s): George Friedman | Thu May 4, 2017
George Friedman is chairman of Geopolitical Futures, which he founded in 2015. Prior to that he was chairman and leading professional at Stratfor. George and wife Meredith have been guests for a meal or two. He and I also greatly enjoyed his visit to Camp Kotok for a fishing adventure that…
Author(s): Laura Mattia Ph.D., CFP® | Wed May 3, 2017
With the close of Financial Literacy Month, we explore how limited financial knowledge can impact a household’s financial health. A high percentage of Americans don’t possess the necessary “financial literacy” to make good financial decisions[1] The increasing complexity of financial products is…
Author(s): David R. Kotok | Tue May 2, 2017
Taxes: some quick bullets.
Markets like lower taxes. People like lower taxes. Businesses like lower taxes. Devils always lurk in the details: those devils are put there by Congress.
Congress will lose if it attempts to block a tax cut. Voters understand lower tax rates and want…
Author(s): Bill Witherell, Ph.D | Sat April 29, 2017
Markets in France, Europe, and globally are rallying as they breathe a sigh of relief following the first round of the French presidential election on Sunday. The pro-business centrist candidate Emmanuel Macron came in first, beating the far-right National Front candidate, Marine Le Pen. This…
Author(s): John R. Mousseau, CFA | Fri April 28, 2017
The Trump administration unveiled their tax plan yesterday, with details to follow. It will take a while to work the plan through Congress but this is our quick take on how the plan affects municipal bonds and municipal finance.
Author(s): David R. Kotok | Wed April 26, 2017
Markets.
We were fully invested in our US ETF strategies before the weekend French elections. We are still there and overweight financials (banks) and tech. In our volatility strategies we are also fully invested and have been for over a week. These VOL strategies are mathematically…
Author(s): Patricia Healy, CFA | Fri April 21, 2017
Is there a threat to the municipal bond interest deduction?
Author(s): David R. Kotok | Thu April 20, 2017
As clients know, we have liked and continue to like exposure to banks. We favor the big banks and have a position in the PowerShares KBW Bank Portfolio Fund, KBWB, an ETF that captures the big banks. We also hold KRE and KIE. We are overweight the sector. We will get to why in a minute.