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This Sunday, we are combining three elements into one commentary. Readers will see why we at Cumberland still favor the healthcare sector in our US Equity ETF portfolio. That sector is destined to stay very busy.

Last week, as both central bankers and investors seek to chart the best path ahead through uncertain and volatile waters, the European Central Bank (ECB) delivered a dovish surprise to the market. Current uncertainty about the future exceeds the usual range faced by central bankers.

We thank readers for their notes and replies to “Blanchflower & Recession,” the commentary we offered with Danny Blanchflower about recession and with the help of Philippa Dunne on labor force data.

I think of my friend Danny Blanchflower in four ways: (1) Dartmouth Professor of Economics with special focus on labor force analysis, (2) former monetary policymaker at the Bank of England, (3) Fellow in the GIC College of Central Bankers, (4) fishing enthusiast with special…

When it comes to plagues, the most famous ones in the Judeo-Christian tradition are remembered in the festival of Passover.

Stats by state:  Source is Becker’s Hospital Review, April 14.

The errant financial golf ball that is the municipal bond market has now careened out of bounds and landed – for now – in a spot where we think the lie is extremely attractive: 4% on long-maturity tax-free bonds that are insured or high-grade.

This quarter was overshadowed by the invasion of Ukraine by Putin.  Nonetheless, there were many developments in Muniland. Discussions on improving muni reporting of ESG risks and outcomes continued. Assured Guaranty Municipal (AGM) was upgraded by Moody’s to A1 based on substantial…