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): Robert Eisenbeis, Ph.D. | Thu January 7, 2021
In a recent review of fixed-income security returns, Cumberland Chairman, David Kotok, raised a question concerning what looked to him to be an anomaly with respect to the spread between the 5-year and 10-year breakeven inflation rates on US Treasures, which had narrowed to only 5 basis points…
Author(s): David R. Kotok | Wed January 6, 2021
Dear readers, we narrowly avoided a catastrophe. I use that word because an action by Congress to eliminate or neuter the power of the central bank to intervene as lender of last resort in a crisis is exactly the way to create a catastrophe. The 1929–1933 period of American history is evidence…
Author(s): Cumberland Advisors | Sun January 3, 2021
The Cumberland Advisors Week in Review is a recap of news, commentary, and opinion from our team.
Author(s): David R. Kotok | Thu December 31, 2020
About 20 million people in America were at sharply increased financial risk if Trump hadn’t signed the new stimulus bill. I asked Mike Englund of Action Economics for a breakdown. Here’s what he sent.
Author(s): Daniel Himelberger | Thu December 31, 2020
The buildup to and launch of a COVID-19 vaccine during the fourth quarter of 2020 led to record highs being set in the stock market and a steeper Treasury yield curve. The news of the vaccine also benefits spreads on investment-grade corporates and taxable municipals. These spreads continue to…
Author(s): John R. Mousseau, CFA | Tue December 29, 2020
Sometimes the light’s all shinin’ on me Other times I can barely see
Author(s): David R. Kotok | Mon December 28, 2020
We hope that you’ve made the most of your holidays during this extraordinary year and have found safe ways to connect with family and friends. On this Sunday poised just before the new year, we would like to wish you and yours a better and brighter 2021. We are hopeful…
Author(s): Cumberland Advisors | Sun December 27, 2020
The Cumberland Advisors Week in Review is a recap of news, commentary, and opinion from our team.
Author(s): Bill Witherell, Ph.D. | Thu December 24, 2020
During March and April of this year, the global economy and equity markets were hit with a severe shock from the COVID-19 pandemic and the widespread lockdown measures governments imposed in response.
Author(s): David R. Kotok | Tue December 22, 2020
“Now what?” we are asked after a 2020 that saw a full-year market whipsaw round trip, coupled with a COVID-induced economic deep dive in the spring. The V-shaped recovery that followed is starting to falter. Let’s take a look in this 2021 market & macro outlook.
Jim Bianco has given…