Material and commentaries published in the past may or may not be helpful in analyzing current economic or financial market activity. Please note publishing date when reviewing materials.  Please email [email protected] for our current thoughts or to reach an advisor.

 

Market Commentary

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.

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  • Cumberland Advisors Week in Review (Sept 23, 2019 - Sept 27, 2019)
     Author(s): | Tue October 1, 2019



    The Cumberland Advisors Week in Review is a recap of news, commentary, and opinion from our team.


  • 3Q 2019 Review: Total Return Tax-Free Municipal Bond
     Author(s): John R. Mousseau, CFA | Tue October 1, 2019



    The dramatic drop in Treasury yields at the beginning of August caused the muni market to take a pause in its great relative performance earlier in the year.


  • Saudi Attack Part 2
     Author(s): David R. Kotok | Sat September 28, 2019



    “Absent a war or further attacks on Saudi facilities – both of which remain possibilities – this past week’s events now look like a blip in a longer-term bearish pattern for oil prices and stocks. Energy makes up less than 5% of the S&P 500 index’s market cap, the lowest level in at least 40…


  • Repos and Reverse Repos
     Author(s): Robert Eisenbeis, Ph.D. | Sat September 28, 2019



    The week of September 16 saw the Federal Reserve Bank of New York inject funds into the repo market in response to an unusual spike in rates that was above the initial target range for the federal funds rate of 2.0–2.25%. (The target rate was lowered to 1.75–2.00% after the close of the FOMC’s…


  • 3Q2019 Review - Market Volatility ETF
     Author(s): Leo Chen, Ph.D. | Fri September 27, 2019



    Although the S&P 500 made new highs after the Federal Reserve cut interest rates in 2018 for the first time since the Great Recession, the hawkish rate cut was not enough to sustain the market rally, which was derailed by additional tariffs that President Trump announced on August 1st on $…


  • 3Q 2019 Review - Total Return Taxable Fixed Income
     Author(s): Daniel Himelberger | Thu September 26, 2019



    Treasury yields dropped throughout Q3 of 2019, with the biggest decline being the 30-year. As of 9/23/19 the 30-year Treasury had fallen 40.4 bps to 2.127%. We also saw a record low on the 30-year when it closed at 1.951% on 8/27/19. The 10-year was also down 32.7 bps, to 1.679%, as of 9/23/19.…


  • Time to Re-Examine Donor-Advised Fund Tax Policy
     Author(s): Gabriel Hament | Wed September 25, 2019



    The tax treatment and rules governing donor-advised funds (DAFs) continue to garner attention nationwide. According to the National Philanthropic Trust’s 2018 DAF Report, as of FY 2017 over $110 billion was housed within 463,622 DAFs across 604 community foundations, 345 single-issue charities,…


  • Brazil & Amazon Fires Part 2
     Author(s): David R. Kotok | Sat September 21, 2019



    Many wrote in response to our discussion of the Amazon fires and Brazilian policy. In our original piece, http://www.cumber.com/cumberland-advisors-market-commentary-brazil-amazon-fires/, we were careful to cite sources. We thank all those who sent references and facts and thoughtful answers. A…


  • 3Q 2019 Review: International Equity ETF
     Author(s): William Witherell, Ph.D. | Fri September 20, 2019



    With just nine market days remaining in the third quarter, international equity markets (those outside the US) are coming to the close of another quarter of high volatility.


  • 3Q19 Review – US Equity ETF
     Author(s): David R. Kotok | Thu September 19, 2019



    Volatility and uncertainty characterized the third quarter of 2019.


 

 

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