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): William Witherell, Ph.D. | Thu August 6, 2020
Consider a place that has had only 476 Covid-19 cases and just 7 deaths. This sounds like a rural town in the US with a small population and good access to medical care. Actually, it is Taiwan, a small country in Asia with a very dense population of 23.6 million people, situated about 100 miles off…
Author(s): David R. Kotok | Wed August 5, 2020
“The first time it’s a novelty. The second time, people know what they’re in for and are less willing to take another hit. The virus is exposing socioeconomic fault lines: it’s harder to stay home with a head cold if you work casual shifts for minimum wage and can’t afford to…
Author(s): David R. Kotok | Mon August 3, 2020
Some Thoughts for a Sunday Morning
#1 - Two quotes from Tocqueville:
“Liberty cannot be established without morality, nor morality without faith” (Democracy in America, http://libertytree.ca/quotes/Alexis.de.Tocqueville.Quote.8AF2).
Author(s): Cumberland Advisors | Sun August 2, 2020
The Cumberland Advisors Week in Review is a recap of news, commentary, and opinion from our team.
Author(s): David R. Kotok | Sat August 1, 2020
For the next 100 days or so, the growing focus on the US election may drive news flows and alter markets. Remember, though, there is a chasm between what polls are saying now and what markets are pricing as expectations for tomorrow. Most market agents are looking at 2021 and…
Author(s): David R. Kotok | Thu July 30, 2020
We were about to publish this commentary on the American stock market sectors when a news item about the healthcare sector crossed our screen. So we have decided to lead with it and then go to the stock market.
Author(s): Robert Eisenbeis, Ph.D. | Wed July 29, 2020
“In practice, the Fed has never adopted operating procedures designed to control reserves in order to use the money multiplier relationship to control deposits.” (Goodfriend and Hargraves, “A Historical Assessment of the Rationales and Functions of Reserve Requirements,” Source: https://www.…
Author(s): Robert Eisenbeis, Ph.D. | Tue July 28, 2020
A measure of how last fall’s disruption in the repo market has subsided can be observed by the takedowns in the Fed’s repo facility, designed to enable dealers to temporarily finance their inventories of securities. The program included offerings with multiple maturities, and after March 31 the…
Author(s): David R. Kotok | Mon July 27, 2020
A Duel Over Data (Or, Three Cheers for Rebekah Jones)
Author(s): Cumberland Advisors | Sun July 26, 2020
This week we're all practicing some extra social distancing and working from home. Our video production quality isn't top tier, however we still want to get our market updates out to you.