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): Matthew C. McAleer | Fri January 10, 2025
A recap on market conditions and trading decisions that impacted our primary equity and fixed income investment strategies throughout the past year.
Author(s): John R. Mousseau, CFA | Wed January 8, 2025
Thursday, January 9th, is a day of mourning for President Jimmy Carter, our 39th President, who passed away at 100 years old on December 29th, 2024.
I was lucky enough in college to attend the inauguration of President Carter in January 1977. It was a bitterly chilly day but sunny, and one…
Author(s): Daniel Himelberger | Fri January 3, 2025
Option-Adjusted Spread (OAS) is a crucial metric used in active management of fixed income portfolios to provide insights into the yield difference between a bond and a risk-free benchmark, adjusted for any embedded options. These spreads are particularly important for understanding the true…
Author(s): John R. Mousseau, CFA | Fri December 27, 2024
Fourth Quarter 2024 – The Trump Yield Rally
Author(s): John R. Mousseau, CFA | Mon December 23, 2024
Cumberland Advisors would like to wish everyone a very special and safe Holiday Season and a Happy New Year.
Author(s): David W. Berson, Ph.D. | Fri December 20, 2024
Lighter than expected income, spending, and inflation. While personal income and personal consumption expenditures (PCE) grew a bit more slowly than expected in November, but were still solid, the most important data in today’s release were PCE (and core PCE) inflation data that were a bit…
Author(s): Robert Eisenbeis, Ph.D. | Fri December 20, 2024
As expected, the Fed cut its target for the federal funds rate by 25 basis points for the third time this year, from 4.5%–4.75% to 4.25%–4.5%. All Committee members but one, President Hammack of the Federal Reserve Bank of Cleveland, in her first FOMC meeting, voted to cut the rate. The…
Author(s): Robert Eisenbeis, Ph.D. | Wed December 11, 2024
Going into its last meeting of the year, on December 17th and 18th, the FOMC now has a new jobs report, shown below; and the number of jobs created in November is 227,000, which exceeded expectations. On the downside, the data for September and October were revised up slightly as well. The…
Author(s): David W. Berson, Ph.D. | Wed December 11, 2024
CPI inflation up as expected, with declines having leveled off.
The overall November Consumer Price Index (CPI) rose by 0.3 percent for the month, as did the core CPI (removing the volatile food and energy components). The 12-month trend rate for the overall CPI ticked higher to 2.7…
Author(s): David W. Berson, Ph.D. | Fri December 6, 2024
The weather/strike rebound in jobs as expected.