We've traveled with a full Camp K contingent to Argentina. Diverse views have been exchanged among policy makers, entrepreneurs, investors, and investment professionals, all under Chatham House rules.

A longer essay will be forthcoming. My initial takeaway is worrisome. We have talked…

We open this commentary with a link to a column by Nicholas Kristof entitled, “However Much Trump Spends on Arms, We Can’t Bomb Ebola":  https://www.nytimes.com/2017/03/02/opinion/however-much-trump-spends-on-arms-we-cant-bomb-ebola.html.

We can't bomb Zika, either.

We continue to…

Just as ZIRP (zero interest rate policy) and NIRP (negative interest rate policy) dilute bond-pricing models, the Trump rally defies equity pricing models. The stock market has soared for over 90 days consecutively without a 1% daily drop and has become a one-sided bet. Although both fundamental…

Economic data for February provided clear indications that the global economy is experiencing a broad recovery, with the major advanced economies growing close to or even above their estimated potential growth rates. This positive macroeconomic environment is providing a tailwind for equity…

Bill Dudley, President and Chief Executive Officer of the Federal Reserve Bank of New York, has agreed to keynote the March 30, 2017, Financial Literacy Day, to be held at the University of South Florida Sarasota-Manatee. Visit usfsm.edu/event/financial-literacy-day/ to register and to view the…

First, we suggest reading this February 24, 2017, note in the Washington Post by Neil Howe: washingtonpost.com/entertainment/books/where-did-steve-bannon-get-his-worldview-from-my-book/, since the following discusses a “turning” that may be approaching with the central bank of the United States…

Cumberland Advisors is pleased to announce a philanthropic gift to the six universities in the greater Sarasota area – a 12-terminal Bloomberg financial laboratory that will be housed at the University of South Florida’s Business School. All six Sarasota-Manatee “C4 Multiversity” education…

Last week we shared a strategy using gold and bonds to outperform the market (cumber.com/outperform-the-market-look-no-further-gold-bonds-and-leverage/). This week we are going to introduce a strategy that uses the “golden ratio” rather than gold to beat the S&P 500. Since today is Friday…

A road trip is completed, and another one is underway. Besides the matter of the Trumpest in the Washington Teapot, the overriding majority of questions we encountered had to do with interest rates. Where are they going? What does that mean for my bonds? And, of course, for the stock market? And…

The March 30, 2017, Financial Literacy Day program (see usfsm.edu/event/financial-literacy-day/) is designed to include a special session on charitable foundations and fiduciary roles, trustee responsibilities, investment committee oversight, and areas of concern. Also included in this program…