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): David W. Berson, Ph.D., CBE | Fri October 24, 2025
Less than expected, but still warm. The September CPI rose by 0.3 percent in September, a bit less than the market's expectations of 0.4 percent. The core CPI (removing the volatile food and energy components) also climbed slightly less than expected, up by 0.2 percent.
Author(s): John R. Mousseau, CFA | Tue October 14, 2025
The US government began its shutdown on Wednesday October 1st, 2025, when Congress failed to pass appropriations for fiscal year 2026. The standoff continues between the White House and congressional Democrats with the predictable finger-pointing by both parties out front and center. The shutdown…
Author(s): Patricia Healy, CFA | Thu October 9, 2025
This may be the quarter that muni credit quality begins to turn. However, munis are an extremely safe asset class and often viewed as a flight to quality product. There have been many more upgrades than downgrades over the past few years, so one might expect the trend to plateau; and then, of…
Author(s): Mark J. Myers, CEO | Thu September 25, 2025
Mid Penn Bancorp, Inc. (NASDAQ: MPB) (“Mid Penn”), parent company of Mid Penn Bank, announced today that it has entered into an agreement to acquire Sarasota, FL-based Cumberland Advisors (“Cumberland”).
Author(s): John R. Mousseau, CFA | Fri September 19, 2025
The tax-free municipal bond market has made a remarkable comeback since late July. The muni market – particularly the longer maturity end has been pressured from a number of angles this year.
Author(s): Patricia Healy, CFA | Wed September 17, 2025
Cumberland has used separately managed accounts (SMAs) to execute its fixed-income strategies since the company’s inception in 1973, long before SMAs were popularized in the early 2000s.
Author(s): David W. Berson, Ph.D., CBE | Thu September 11, 2025
Stagflation now. Inflation and unemployment claims both higher with today’s data, a bad combination. . The overall CPI rose by 0.4 percent for August, a bit hotter than expected, bringing the 12-month trend rate up to 2.9 percent,...
Author(s): David W. Berson, Ph.D., CBE | Fri September 5, 2025
Slow job gains make a Fed rate cut very likely. Nonfarm payrolls (NFP) rose by only 22,000 for August, down from an upwardly revised 79,000 for July. June was revised to a drop of 13,000. Markets were looking for a gain of 79,000 for August.
Author(s): David W. Berson, Ph.D., CBE | Fri August 15, 2025
Retail sales were up by 0.5 percent for July, with June revised higher to 0.9 percent. Core retail sales (the retail control group) also increased by 0.5 percent (0.8 percent for June).
Author(s): David W. Berson, Ph.D., CBE | Tue August 12, 2025
The monthly gains for the overall and core CPI price indices increased about as expected, up by 0.2 percent for the overall measure and 0.3 percent for the core (excluding the volatile food and energy components).