The Bureau of Labor Statistics (BLS) reported that the economy created 467,000 jobs in the month of January, while the unemployment rate remained constant at 4%, as did the participation rate (62.2%). This number was about twice the 207,000 predicted by some economists and notably different from…

Since this comment was queued for today, CDC has announced a vigorous campaign to use wastewater data; more information will be forthcoming. -Kotok

Cumberland Advisors Week in Review

We previously offered readers a 36-chart series on Beveridge curves (https://www.cumber.com/market-commentary/sunday-beveridge-curves).

As the first month of 2022 ends, the performances of the Eurozone’s individual national economies and equity markets vary widely, reflecting differences in the timing and extent of the waves of Covid, in the measures taken to combat the pandemic, in the structures of the economies, and in…

We recently published two geopolitical discussions, on Ukraine (https://www.cumber.com/market-commentary/ukraine) and China (

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…