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): David R. Kotok | Tue November 28, 2023
We now have the third in a series of ship attacks linked to the Israel-Hamas war. In the latest, on Sunday, Nov. 26, 2023, the Liberian-flagged tanker Central Park, managed by Zodiac Maritime (part of Israeli billionaire Eyal Ofer’s Zodiac Group), was seized by armed assailants off the coast of…
Author(s): David R. Kotok | Sun November 26, 2023
Investors like the inflation news. The chart below tells the story. Our source is Bloomberg data.
Author(s): John R. Mousseau, CFA | Thu November 23, 2023
As we pause for this most traditional of American holidays, I have included a thanksgiving poem that I have liked (and I like many) from Ella Wilcox...
Author(s): John R. Mousseau, CFA | Mon November 20, 2023
The tax-free municipal bond market has staged one of the best comebacks since Lazarus over the past month. We have seen a dramatic improvement in the market, with bond yields dropping substantially across the entire curve. The graph below shows the AA municipal yield curves on 10/19 and 11/16…
Author(s): David R. Kotok | Sun November 19, 2023
We’re sending this on the Sunday bookended by the week that celebrated America’s veterans and the week of the traditional American gathering of Thanksgiving. We wish all readers goodwill and safety in their travels. Let’s take a deep breath and tackle the volatility in financial markets caused…
Author(s): David R. Kotok | Sun November 12, 2023
“When things change, I change” is a shorter version of the famous quote widely attributed to John Maynard Keynes. “When the facts change, I change my mind. What do you do, sir?” has thousands of attributions to Keynes, but I cannot find one source of the original quote.
Author(s): Patricia Healy, CFA | Wed November 8, 2023
Cumberland has utilized separately managed accounts (SMAs) to execute its fixed-income strategy since the company’s inception in 1973, long before SMAs were popularized in the early 2000s. The reasons for managing money in this fashion are the same today as they were then:
Author(s): David R. Kotok | Sun November 5, 2023
My friend Lyric Hughes Hale opened her recent missive with this thought provoking paragraph:
Author(s): Cumberland Advisors | Sat November 4, 2023
Author(s): Robert Eisenbeis, Ph.D. | Fri November 3, 2023
To no one’s surprise, the FOMC held its target rate for the federal funds rate constant at 5.25% to 5.5%. The main story emerged in the post-meeting press conference, where a wide range of issues were discussed. The first question set the stage for the main takeaway from the meeting.