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): 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).
Author(s): David W. Berson, Ph.D. & Benjamin Pease | Wed August 6, 2025
In our view, the current economic backdrop is one of below-trend growth but not yet showing signs of an outright contraction that would force the Fed to act. Following Friday’s job data, fed funds futures shot up to over a 90% probability of a rate cut in September.
Author(s): David W. Berson, Ph.D., CBE | Fri August 1, 2025
A smaller than expected increase in nonfarm payrolls for July (only 73,000) and massive downward reductions in payrolls – lower by 238,000 for May and June. This is a huge revision to payrolls and when coupled with the modestly below market expectations for July, it suggests that the job market is…
Author(s): | Mon July 14, 2025
This is a brief overview of Cumberland Advisors’ thoughts on financial markets as we head into the second half of 2025. It is a particularly important outlook given the fact that we have just witnessed an almost unprecedented amount of Presidential activity for the first 6 months of a new…