Global equity markets outside of the United States have completed a third negative quarter, with the MSCI ACWI ex US IMI Index down 11.26% in the three months through October 30. For the year to date, this index is down 27.19%, which clearly indicates a “bear market.” By historical standards,…

Treasury yields continued to rise during the third quarter of 2022. The largest movement was seen in T-bills as the Fed raised the fed funds rate by 150 bps during the quarter. This trend has resulted in much of the yield curve being inverted. The largest movement was in the 3-month bill that…

The third quarter was marked by a rise in interest rates across the entire yield curve, particularly on the short end as the Federal Reserve continued to raise short-term rates in their battle to slow inflation.

Good Sunday morning to all readers. We hope you are safe, secure, and recovering from Ian's destruction if you found yourself in the storm’s path. And if you know someone — whether friend, relative, business associate, or colleague — who has been impacted by Ian, we hope they, too, are now safe…

Cumberland Advisors is in the City of Sarasota. In preparation for the storm, which was initially expected to make landfall in the Tampa area, we sent some employees to our disaster recovery site in Vineland, NJ, where Cumberland’s headquarters was originally located.

We used Yahoo Finance to extract the visual effects of the US dollar’s gyrations. Let’s tell the story with two ETFs. One shows US dollar strength and the other shows the weakness; these are against a basket of six major world currencies relative to the US dollar. The two ETFs operate as a basic…

Author’s Note:  Patty Healy, Cumberland’s Senior Vice President of Research, assisted with this commentary.

As expected, the FOMC increased the range for the federal funds rate by 75 basis points to 3–3.25%, and the message delivered by Chairman Powell was clear that the FOMC intended to continue such tightening, as reflected in the September SEPs — the median funds rate was now predicted to be 4.4%…

Markets did not like the August CPI increase over the number from July, which remained essentially unchanged, though a significant decline had been predicted. The Bureau of Labor Statistics just published the CPI for August and provided along with it a detailed breakdown of the CPI into over 300…