We’ve used the phrase “a picture is worth a thousand words” before. Well, here we go again. Let’s start with this one.

As we at Cumberland expected, the FOMC left its target rate unchanged at 0%–0.25% and made only a small adjustment to its asset purchase program, cutting its purchases of Treasuries to $20 billion and purchases of mortgage-backed securities to $10 billion per month.

I asked my colleague Matt McAleer to calculate the weight of the total China stock market exposure in our International ETF portfolio strategy. He sent back: “No direct exposure. Pick up an allocation thru ACWX. We are 2% vs. benchmark 8%”.  

There’s a lot to know about the current situation in Ukraine. So below is a link to a multifaceted discussion about Ukraine and the geopolitical risk elements there, including the Turkey connection. Many thanks to the Foreign Policy Research Institute for their ongoing contribution to the…

The link below takes you to Cumberland’s website, where 36 slides depict various United States labor force metrics, before and during the pandemic period. We’ve used the Beveridge curve concept to create the slides.

Brent Donnelly, president of Spectra Markets, and a Camp Kotok attendee, sent along the following piece with the note, “Some alarming charts for you today. Keep an open mind on the US economy in 2022.”

When she was testifying at her US Senate confirmation hearing, Fed Governor Lael Brainard fielded questions about the Fed and its “climate change” policy. This is a hot subject in the monetary economics and central banking world. One side of the debate says that the Fed should keep out of this…

In a recent interview with Dr. Bob Wachter on the UCSF program Medical Grand Rounds, Dr. Eric Topol discusses Omicron, treatments, and vaccines, policy, the CDC, Long Covid, etc. This is an extensive and clearly detailed conversation with a world-renowned expert. Dr.