TV Appearances

Bloomberg-Markets-The-Close-Full-Show-David-Kotok-March-25-2020

Bloomberg Markets: The Close Full Show with David R. Kotok March 25th, 2020 (Video)

Bloomberg Markets: The Close Full Show with David R. Kotok

March 25th, 2020

Bloomberg-Markets-The-Close-Full-Show-David-Kotok-March-25-2020

Scarlet Fu and Romaine Bostick bring you the latest news and analysis leading up to the final minutes and seconds before the closing bell on Wall Street and tackle the market volatility from coronavirus fears, the impact of different industries and the stimulus. Guests Today: David Kotok of Cumberland Advisors, Boris Jordan of Curaleaf, Carol Schleif of Abbot Downing Investment Advisors, Mark Calabria of the Federal Housing Finance Agency, Bob Doll of Nuveen (Source: Bloomberg)

David joins the broadcast at the 4min mark. He talks about credit spreads, dislocations, has the Fed addressed dislocation? “The Fed is trying to address every sector it can reach. It has come off the peak pressure, but there’s still more work to be done. The municipal sector is improving but it hasn’t fully improved. And we see the commercial paper sector improving. But it has to reach a point in which there is broad confidence in the banking system. I’m still seeing clients moving funds around because they’re afraid of bank failure. And I’m seeing clients making changes because they are very worried about credit sensitivity. They are replaying 2008 types of metaphors. This is a different kind of a problem. But in their minds that’s the most recent history and they are focused on attempting to protect themselves,” David R. Kotok.

Watch the show in the player or at Bloomberg: https://www.bloomberg.com/news/videos/2020-03-26/-bloomberg-markets-the-close-full-show-03-25-2020-video


Links to other websites or electronic media controlled or offered by Third-Parties (non-affiliates of Cumberland Advisors) are provided only as a reference and courtesy to our users. Cumberland Advisors has no control over such websites, does not recommend or endorse any opinions, ideas, products, information, or content of such sites, and makes no warranties as to the accuracy, completeness, reliability or suitability of their content. Cumberland Advisors hereby disclaims liability for any information, materials, products or services posted or offered at any of the Third-Party websites. The Third-Party may have a privacy and/or security policy different from that of Cumberland Advisors. Therefore, please refer to the specific privacy and security policies of the Third-Party when accessing their websites.

Sign up for our FREE Cumberland Market Commentaries

Cumberland Advisors Market Commentaries offer 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.

Posted on: 03/26/2020 arrow Watch Video arrow
Cumberland-Advisors-Market-Update

Cumberland Advisors Week in Review (Mar 16, 2020 – Mar 20, 2020)

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

Week In Review

These are not revised assessments, and circumstances may have changed in the market from the time of original publication. We also include older commentaries that our editors have determined may be of interest to our audience. Your feedback is always welcome.

CUMBERLAND ADVISORS’ WEEKLY RECAP

As part of Cumberland Advisors’ continuous effort to maintain strong customer relationships, we offer this week’s short video discussing current market conditions and how we are positioning portfolios.

 

This week we have John Mousseau and Matt McAleer on camera sharing their thoughts with you.

First up is Matt McAleer, Cumberland Advisors’ Director of Equity Strategies. He’ll give you his view of what happened in the stock market this week (the rush for cash!). He also tells you how successful his trades have been these past months, what’s gone wrong and what he’s got right.

Next up is John Mousseau, Cumberland Advisors’ CEO & Director of Fixed Income. He tells us the latest happenings in the bond market, what’s higher, what’s lower, and our outlook for the future.

Thank you for joining us. Please reach out to me (or John) with any questions/comments you may have about this video, I always appreciate your calls, comments, and emails.

Watch this week’s update in the player above or at this link: https://youtu.be/j6GC3ZbiqPU

Thank you for joining us at Cumberland Advisors. Be safe.

-Matt McAleer

Matt enjoys your feedback. You can reach him at:
-Link to Matt’s Email: Matthew.McAleer@Cumber.com
-Link to Matt’s Twitter: https://twitter.com/MattMcAleer4
-Link to Matt’s LinkedIn: https://www.linkedin.com/in/matthew-c-mcaleer/
-Call Matt: (800) 257-7013

Other questions or comments? Email us at info@cumber.com or give us a call at (800) 257-7013.

Contact Matt or any one of our advisors by following this link: https://www.cumber.com/our-people/


Links to other websites or electronic media controlled or offered by Third-Parties (non-affiliates of Cumberland Advisors) are provided only as a reference and courtesy to our users. Cumberland Advisors has no control over such websites, does not recommend or endorse any opinions, ideas, products, information, or content of such sites, and makes no warranties as to the accuracy, completeness, reliability or suitability of their content. Cumberland Advisors hereby disclaims liability for any information, materials, products or services posted or offered at any of the Third-Party websites. The Third-Party may have a privacy and/or security policy different from that of Cumberland Advisors. Therefore, please refer to the specific privacy and security policies of the Third-Party when accessing their websites.

Sign up for our FREE Cumberland Market Commentaries

Cumberland Advisors Market Commentaries offer 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.

Posted on: 03/20/2020 arrow Watch Video arrow
Cumberland-Advisors-Market-Update

Cumberland Advisors Midweek Update on Market Conditions, Bonds & Equities with McAleer & Mousseau

Thank you for joining Cumberland Advisors for this midweek update on market conditions, bonds & equities with Matt McAleer and John Mousseau.

Cumberland-Advisors-Market-Update

First up is John Mousseau, Cumberland Advisors’ CEO & Director of Fixed Income. He tells us what he’s seeing in the bond market, credit, what’s happening with treasuries, and how Cumberland Advisors is responding.

Direct link to video: https://youtu.be/hYYffU5fz7w

“We’ve seen great upheaval in the bond market. It started over a week ago when you saw treasury bond prices spiking because of Saudi’s buying of oil and buying Treasury Bonds. That in turn affected all of the bond dealers who no longer could hedge with Treasury Bonds because they would have lost their shirt. And so they withdrew from bidding on bonds. Things like corporates, and munis, and mortgages, etc.

“So we started to see yields rise on those bonds. The stock market, which we’ve seen the carnage, and Matt will talk about. That caused people to sell almost everything that wasn’t a Treasury. Munis, bond funds, as we see REITs, commodities, etc., were all selling because people wanted cash. And by the end of the week and continuing, now they were also selling Treasury bonds. What are we doing about it? What we’re doing about it is we’re looking at this opportunistically. We’re very fairly short duration going into this mess, and the unravelling that we have seen has shown us some extraordinary bond values out there that we haven’t seen in well over a year. So, whereas a week ago you were looking at almost all municipal bonds with one or two percent type yields, it has moved up 150-200 basis points in some cases where we’re able to buy 3% yields. In some cases, close to 4% yields on AA, AA+ type paper in munis. That really has nothing to do with credit. You need to be careful on credit. The things that we worry about are things that you might have looked for as an essential service bond before, but through the prism of the virus you don’t think of the essentiality of that service any more. Like a bond backed by subway fares in New York. Or an airport. Things of that nature. We really don’t want to own those. But we want to own very high grade bonds that have really been thrown under the bus by the selling that’s gone on. So what we’re trying to do is pick up yield that we haven’t seen in over a year and try to extend durations to lock that in and try to take advantage of the fear that we’ve seen out there.

“We’ve gone through these cycles before. We haven’t seen it in this fast a timeframe. And clearly what’s going on with the virus and its effects on all markets has created some of this gapping effect that’s gone on there. We’re encouraging people that have had money on the sidelines for bonds that now is a very propitious time to start putting some of that to work. It’s not only just in the long end, everywhere it’s cheap. So you think about a long Treasury bond at a 175 and you’re buying long municipal bonds at 3 1/2, in some cases close to 4; I don’t need to do those yield ratios for you. So what we think is, over time that gap narrows and we think the total return on munis can be quite good from these levels when things settle down. We know there’s a lot of cross currents out there. There’s going to be a lot of fiscal spending coming. We know, and Matt will talk about it, this Equity market will find a floor here at some point. Right now it’s fear and panic driving everything. But I want you to know, that as a Total Return Bond Manager, we are now moving to take advantage of what we see as an extremely oversold situation. Thanks a lot,” John Mousseau.

Matt McAleer, Cumberland Advisors’ Director of Equity Strategies, delivers his view of what’s happening in the stock market, how he’s positioning things, along with an invitation for clients to contact Cumberland Advisors with any questions or comments.

We appreciate you taking the time to join us.

View the video in the player above or via this direct link: https://youtu.be/hYYffU5fz7w


Links to other websites or electronic media controlled or offered by Third-Parties (non-affiliates of Cumberland Advisors) are provided only as a reference and courtesy to our users. Cumberland Advisors has no control over such websites, does not recommend or endorse any opinions, ideas, products, information, or content of such sites, and makes no warranties as to the accuracy, completeness, reliability or suitability of their content. Cumberland Advisors hereby disclaims liability for any information, materials, products or services posted or offered at any of the Third-Party websites. The Third-Party may have a privacy and/or security policy different from that of Cumberland Advisors. Therefore, please refer to the specific privacy and security policies of the Third-Party when accessing their websites.

Sign up for our FREE Cumberland Market Commentaries

Cumberland Advisors Market Commentaries offer 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.

Posted on: 03/18/2020 arrow Watch Video arrow
GIC Flyer - Analyzing Pandemics Economic and Policy Impacts - March 19, 2020

Analyzing Pandemics: Economic and Policy Impacts – March 19, 2020

Analyzing Pandemics: Economic and Policy Impacts – GIC Executive Briefing

The University of Nebraska Medical Center (UNMC) serves as the premier secure treatment center in the U.S. to guard against the threats of bioterrorism and infectious disease. The world-renowned hospital, based in Omaha, treats patients in its National Quarantine Unit designed for the fallout of SARS, Ebola and COVID-19. Chancellor Jeffrey Gold, M.D. covered important topics including a view from the front-line battle with COVID-19, the urgent importance of “flattening the curve”, hazard modeling and healthcare policy implications. Bill Kennedy will guide the conversation. David R. Kotok and others from Cumberland Advisors in Sarasota, Fla. were in virtual attendance.

GIC Flyer - Analyzing Pandemics Economic and Policy Impacts - March 19, 2020

This audio virtual event was conducted via the web and telephone dial-in. Presentation materials available on the GIC website.

Resources on COVID-19:

More information and speaker bios can be found at the Global Interdependence Center website: https://www.interdependence.org/events/analyzing-pandemics-economic-and-policy-impacts-series-gic-virtual-event/


Links to other websites or electronic media controlled or offered by Third-Parties (non-affiliates of Cumberland Advisors) are provided only as a reference and courtesy to our users. Cumberland Advisors has no control over such websites, does not recommend or endorse any opinions, ideas, products, information, or content of such sites, and makes no warranties as to the accuracy, completeness, reliability or suitability of their content. Cumberland Advisors hereby disclaims liability for any information, materials, products or services posted or offered at any of the Third-Party websites. The Third-Party may have a privacy and/or security policy different from that of Cumberland Advisors. Therefore, please refer to the specific privacy and security policies of the Third-Party when accessing their websites.

Sign up for our FREE Cumberland Market Commentaries

Cumberland Advisors Market Commentaries offer 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.

Posted on: 03/18/2020 arrow Watch Video arrow
Cumberland-Advisors-Week-In-Review-Update-Mar-13-2020-Matt

Cumberland Advisors Week in Review (Mar 09, 2020 – Mar 13, 2020)

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

Week In Review

These are not revised assessments, and circumstances may have changed in the market from the time of original publication. We also include older commentaries that our editors have determined may be of interest to our audience. Your feedback is always welcome.

CUMBERLAND ADVISORS’ WEEKLY RECAP

As part of Cumberland Advisors’ continuous effort to maintain strong customer relationships, we offer this week’s short video discussing current market conditions and how we are positioning portfolios.

 

This week we have John Mousseau and Matt McAleer on camera sharing their thoughts with you.

John talks about:
-What we saw today and earlier in week
-Events earlier in week were people trying to run away from risk
-Very tough week for bonds in general
-Today, Treasurys continued to back off – Good in our opinion. Do we see a trend? No. But it’s a first step to a reversion to the mean.
-Things that you thought were essential services may not be that essential in a new world: things like a subway or an airport. Eventually, they will be.
-We try to drill down and make sure that credit is better than it was before and try to improve credit; it’s going to take a while to come back.

Matt talks about:
-Fear in the market
-The Equity Only Put/Call Ratio spiked to 128. Matt explains and brings some history to bear.
-What might lead to a relief rally?
-We have three words we used in our research meeting and calls on Monday: Credit, credit, credit!
-On the Equity side, what can we do to take advantage of some of this volatility? We’re going to let the volatility come to us.
-Don’t chase equities. Bid, let them hit you. Be comfortable months out owning that security.
-Dislocation and nibbling on the way down
-Pin your top 20 best movers list where you can see it. Review them. Do some work on them. You’ll see we own some of those names.
-Matt mentions Microsoft, Apple, Adobe Systems.
-The market will dictate to us if we’re entering a trading market vs a buy and hold one. Don’t try to outguess it.

Please reach out to me (or John) with any questions/comments you may have about this video, I always appreciate your calls, comments, and emails.

Watch this week’s update in the player above or at this link: https://youtu.be/XIJaXAY2mpY

Did you miss the mid-week update? It’s up on YouTube here: https://youtu.be/eTqXYjNdfNE

Lastly, I participated in an interview with Bloomberg on Thursday and you can listen to that here if desired:
Bloomberg Chief Washington Correspondent Kevin Cirilli talked to Matthew McAleer about the market sell-off.
https://www.bloomberg.com/news/audio/2020-03-12/sound-on-market-drop-corona-virus-response-podcast

Have a great weekend and thank you for joining us at Cumberland Advisors.

-Matt McAleer

PS: Our energy conference, called “An Outlook on Energy Policy” has been postponed due to coronavirus worries. We thank you for your interest but the travel restrictions and cautious direction we and other firms have put in place results in this prudent delay. We hope to reschedule later this year and we’ll share a new date when it’s been decided.

Matt enjoys your feedback. You can reach him at:
-Link to Matt’s Email: Matthew.McAleer@Cumber.com
-Link to Matt’s Twitter: https://twitter.com/MattMcAleer4
-Link to Matt’s LinkedIn: https://www.linkedin.com/in/matthew-c-mcaleer/
-Call Matt: (800) 257-7013

Other questions or comments? Email us at info@cumber.com or give us a call at (800) 257-7013.

 

Contact Matt or any one of our advisors by following this link: https://www.cumber.com/our-people/


Bloomberg Radio

 

March 12, 2020 – Matthew McAleer talks markets on Bloomberg Radio (6 min.) – Matt discusses recession fears, panic in the market, liquidity, does he expect a 3-6 month disruption or something longer, and more.

Cumberland Advisors Market Commentary – Airlines and COVID19

Author: David R. Kotok, Post Date: March 13, 2020

Market Commentary - Cumberland Advisors - Airlines and COVID19 Cumberland portfolios hold no airline stocks, no transportation stocks, no hotel, leisure or hospitality stocks. Sector ETFs were sold. Some of these stocks are part of the broad based ETFs which are tied to an index basket. Now let’s look at airlines. Since the advent of widespread air travel following World War II, the world [Continued…]


Cumberland Advisors Special Update on Market Conditions, Bonds & Equities

Author: Matthew McAleer, Post Date: March 11, 2020

Cumberland-Advisors-Matt-McAleer-Wednesday-Update-YouTube Dear Clients & Friends, We bring you this midweek update video discussing current market conditions and how we are positioning portfolios. John offers his insights into how the bond market is behaving and Matt weighs in on what’s happening in the equities market. There is a lot of volatility at work. Please reach out [Continued…]

Cumberland Advisors Market Commentary – Saudi-Russia Oil War

Author: David R. Kotok, Post Date: March 10, 2020

Market Commentary - Cumberland Advisors - Saudi-Russia Oil War A quick note about oil. The Saudi-Russia price war means OPEC disarray and a lower oil price for the US. The Energy Information Administration (EIA) reports: “In 2019, about 142.23 billion gallons (or about 3.39 billion barrels) of finished motor gasoline were consumed in the United States, an average of about 389.68 million gallons [Continued…]

Cumberland Advisors Market Commentary – Whatever It Takes!

Author: Robert Eisenbeis, Ph.D., Post Date: March 9, 2020

Federal Reserve Building Tuesday morning March 9, the Federal Reserve Bank of New York announced an increase in the current monthly schedule of repo transactions designed to deal with short-term liquidity problems for primary dealers and certain other market participants: from $100 billion to $150 billion in overnight repos and for two-week term repos from $20 billion to [Continued…]

Cumberland Advisors Market Commentary – The VIX Spread

Author: Leo Chen, Ph.D., Post Date:

Market Commentary - Cumberland Advisors - The VIX Spread The S&P 500 dropped 11.5% the week before last week, the fastest correction in its history. The Dow Jones Industrial Average had two 1000-point drops in that week; the Dow also had four days with 1000-point intraday swings in the past two weeks, making it six out of ten trading days with 1000-point movement on [Continued…]

Cumberland Advisors Letter to Clients with respect to COVID-19

Author: Cumberland Advisors, Post Date:

Market Commentary - Cumberland Advisors - Coronavirus COVID-19 Letter to Clients To our clients: Cumberland Advisors continues to monitor global as well as local developments with respect to COVID-19 (the illness caused by the new coronavirus), while constantly considering changes that may be required to our operations, processes, and systems to ensure continued support of our clients. We constantly review and update our business continuity and [Continued…]


Cumberland Advisors Market Commentary – Did the Fed Just Waste 50 Basis Points?

Author: Robert Eisenbeis, Ph.D., Post Date: March 6, 2020

Market Commentary - Cumberland Advisors - Did the Fed Just Waste 50 Basis Points? On Tuesday morning, shortly after the market opened, the Fed did what other central banks concerned about the coronavirus didn’t do, and that was cut its policy rate. Not only did it cut the rate, it did so by 50 basis points, dropping its policy rate to the range of 1%–1.25%. As the chart below [Continued…]

Cumberland Advisors Market Commentary – Coronavirus Infects Bond Yields

Author: Tom Patterson & John R. Mousseau, CFA, Post Date: March 5, 2020

Cumberland Advisors - Coronavirus Infects Bond Yields The turmoil and volatility in the equity markets is also greatly affecting bond markets, with both taxable and tax-free yields shifting down sharply. You can see the dramatic drop in yields this year, particularly in US Treasury yields, with the very large drop in the past month as the coronavirus outbreak has moved almost [Continued…]

 


Explaining Fed Repos – John Mousseau


In the News…

 


Links to other websites or electronic media controlled or offered by Third-Parties (non-affiliates of Cumberland Advisors) are provided only as a reference and courtesy to our users. Cumberland Advisors has no control over such websites, does not recommend or endorse any opinions, ideas, products, information, or content of such sites, and makes no warranties as to the accuracy, completeness, reliability or suitability of their content. Cumberland Advisors hereby disclaims liability for any information, materials, products or services posted or offered at any of the Third-Party websites. The Third-Party may have a privacy and/or security policy different from that of Cumberland Advisors. Therefore, please refer to the specific privacy and security policies of the Third-Party when accessing their websites.

Sign up for our FREE Cumberland Market Commentaries

Cumberland Advisors Market Commentaries offer 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.

Posted on: 03/14/2020 arrow Watch Video arrow
Cumberland-Advisors-Matt-McAleer-Wednesday-Update-YouTube

Cumberland Advisors Special Update on Market Conditions, Bonds & Equities

Dear Clients & Friends,

We bring you this midweek update video discussing current market conditions and how we are positioning portfolios.


 

John offers his insights into how the bond market is behaving and Matt weighs in on what’s happening in the equities market. There is a lot of volatility at work.

Please reach out to us with any questions/comments you may have about this special midweek video, I appreciate your calls, questions, comments, and emails.

Watch the video update in the player above or at this link: https://youtu.be/eTqXYjNdfNE

Thank you for taking the time to join us at Cumberland Advisors.

You can reach/follow Matt at:
-Link to Matt’s Email: Matthew.McAleer@Cumber.com
-Link to Matt’s Twitter: https://twitter.com/MattMcAleer4
-Link to Matt’s LinkedIn: https://www.linkedin.com/in/matthew-c-mcaleer/
-Call Matt: (800) 257-7013

Other questions or comments? Email us at info@cumber.com or give us a call at (800) 257-7013.


Links to other websites or electronic media controlled or offered by Third-Parties (non-affiliates of Cumberland Advisors) are provided only as a reference and courtesy to our users. Cumberland Advisors has no control over such websites, does not recommend or endorse any opinions, ideas, products, information, or content of such sites, and makes no warranties as to the accuracy, completeness, reliability or suitability of their content. Cumberland Advisors hereby disclaims liability for any information, materials, products or services posted or offered at any of the Third-Party websites. The Third-Party may have a privacy and/or security policy different from that of Cumberland Advisors. Therefore, please refer to the specific privacy and security policies of the Third-Party when accessing their websites.

Sign up for our FREE Cumberland Market Commentaries

Cumberland Advisors Market Commentaries offer 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.

Posted on: 03/11/2020 arrow Watch Video arrow
Cumberland-Advisors-Week-in-Review-Mar-06-2020-Video-Thumbnail

Cumberland Advisors Week in Review (Mar 02, 2020 – Mar 06, 2020)

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

Week In Review

These are not revised assessments, and circumstances may have changed in the market from the time of original publication. We also include older commentaries that our editors have determined may be of interest to our audience. Your feedback is always welcome.

CUMBERLAND ADVISORS’ WEEKLY RECAP

As part of Cumberland Advisors’ continuous effort to maintain strong customer relationships, we offer this week’s short video discussing current market conditions and how we are positioning portfolios.

 

Thank you for joining us for another “Cumberland Advisors Week In Review.” This week we have David Kotok and Matt McAleer on camera sharing their thoughts with you.

David talks about:
-What’s happening with the Treasury Yield Curve in relation to COVID-19, the coronavirus.
-Fund managers have to put their money to work after selling equities. What’s the effect? David explains.

Now, onto Matt:
-We review dates and numbers and back up our talk with a chart to add more context
-What are we nibbling on and where did we put cash to work?
-How do and did we approach this week’s trading?
-How do fear and panic weigh in?
-Are foreign buyers of Treasurys part of the picture?
-What will tilt money toward the equity side?

Please reach out to me with any questions/comments you may have about this week’s video, I always appreciate your calls, comments, and emails.

Watch this week’s update in the player above or at this link: https://youtu.be/2Ao_bLNBcLY

Have a great weekend and thank you for joining us at Cumberland Advisors.

-Matt McAleer

PS: Our energy conference, called “An Outlook on Energy Policy” has been postponed due to coronavirus worries. We thank you for your interest but the travel restrictions and cautious direction we and other firms have put in place results in this prudent delay. We hope to reschedule later this year and we’ll share a new date when it’s been decided.

Matt enjoys your feedback. You can reach him at:
-Link to Matt’s Email: Matthew.McAleer@Cumber.com
-Link to Matt’s Twitter: https://twitter.com/MattMcAleer4
-Link to Matt’s LinkedIn: https://www.linkedin.com/in/matthew-c-mcaleer/
-Feel free to email us at info@cumber.com or give us a call at (800) 257-7013

Contact Matt or any one of our advisors by following this link: https://www.cumber.com/our-people/


Explaining Fed Repos – John Mousseau


Cumberland Advisors Market Commentary – Coronavirus Infects Bond Yields

Author: Tom Patterson & John R. Mousseau, CFA, Post Date: March 5, 2020

Cumberland Advisors - Coronavirus Infects Bond Yields The turmoil and volatility in the equity markets is also greatly affecting bond markets, with both taxable and tax-free yields shifting down sharply. You can see the dramatic drop in yields this year, particularly in US Treasury yields, with the very large drop in the past month as the coronavirus outbreak has moved almost [Continued…]

Cumberland Advisors Market Commentary – Headwinds Confront UK Economy and Stocks

Author: William Witherell, Ph.D., Post Date: March 4, 2020

Market Commentary - Cumberland Advisors - Headwinds Confront UK Economy and Stocks UK economic indicators for January looked encouraging. The HIS Markit Composite Purchase Managers Index (PMI), combining measures of manufacturing and service sector activity for the month, rose from 49.3 in December to 53.3, the strongest in 16 months, with a robust increase in new orders. Also, several indicators of business optimism registered sharp increases. Uncertainty [Continued…]

Cumberland Advisors Market Commentary – Market’s Virus Swoon, ACE2 & Nankai University?

Author: David R. Kotok, Post Date: March 3, 2020

Market Commentary - Cumberland Advisors - Corona Virus & Markets We invite thoughts from readers about this somewhat technical commentary. But first, please consider what it means when the narrative is controlled by and censored by politicians whether in China, in United States or elsewhere. For many history students, me included, censorship in America is a really distressing thought when it comes to public health [Continued…]


 


In the News…


Links to other websites or electronic media controlled or offered by Third-Parties (non-affiliates of Cumberland Advisors) are provided only as a reference and courtesy to our users. Cumberland Advisors has no control over such websites, does not recommend or endorse any opinions, ideas, products, information, or content of such sites, and makes no warranties as to the accuracy, completeness, reliability or suitability of their content. Cumberland Advisors hereby disclaims liability for any information, materials, products or services posted or offered at any of the Third-Party websites. The Third-Party may have a privacy and/or security policy different from that of Cumberland Advisors. Therefore, please refer to the specific privacy and security policies of the Third-Party when accessing their websites.

Sign up for our FREE Cumberland Market Commentaries

Cumberland Advisors Market Commentaries offer 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.

Posted on: 03/08/2020 arrow Watch Video arrow
Bloomberg Markets - Cumberland's Kotok Finds the Fed's Emergency Rate Cut Worrisome

Bloomberg Markets: Cumberland’s Kotok Finds the Fed’s Emergency Rate Cut Worrisome

Bloomberg Markets: Cumberland’s Kotok Finds the Fed’s Emergency Rate Cut Worrisome

March 3rd, 2020

Bloomberg Markets - Cumberland's Kotok Finds the Fed's Emergency Rate Cut Worrisome

David Kotok, Cumberland Advisors chief investment officer, reacts to the Federal Open Market Committee’s decision to lower the target range for the federal funds rate by a half-percentage point. He speaks with Bloomberg’s Romaine Bostick and Scarlet Fu on “Bloomberg Markets: The Close.”

Market Commentary - Cumberland Advisors - March 03, 2020 Fed Quote (David Kotok)

“What is the Fed seeing that other’s may not be seeing? And what is it so severe as to cause them a reaction function that seems extreme that won’t even wait two weeks for a meeting?”

Watch the show in the player or at Bloomberg: https://www.bloomberg.com/news/videos/2020-03-03/cumberland-s-kotok-finds-the-fed-s-emergency-rate-cut-worrisome-video


Links to other websites or electronic media controlled or offered by Third-Parties (non-affiliates of Cumberland Advisors) are provided only as a reference and courtesy to our users. Cumberland Advisors has no control over such websites, does not recommend or endorse any opinions, ideas, products, information, or content of such sites, and makes no warranties as to the accuracy, completeness, reliability or suitability of their content. Cumberland Advisors hereby disclaims liability for any information, materials, products or services posted or offered at any of the Third-Party websites. The Third-Party may have a privacy and/or security policy different from that of Cumberland Advisors. Therefore, please refer to the specific privacy and security policies of the Third-Party when accessing their websites.

Sign up for our FREE Cumberland Market Commentaries

Cumberland Advisors Market Commentaries offer 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.

Posted on: 03/04/2020 arrow Watch Video arrow
Cumberland-Advisors-Week-in-Review-Feb-28-2020-Video-Thumbnail

Cumberland Advisors Week in Review (Feb 24, 2020 – Feb 28, 2020)

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

Week In Review

These are not revised assessments, and circumstances may have changed in the market from the time of original publication. We also include older commentaries that our editors have determined may be of interest to our audience. Your feedback is always welcome.

CUMBERLAND ADVISORS’ WEEKLY RECAP

As part of Cumberland Advisors’ continuous effort to maintain strong customer relationships, we offer this week’s short video discussing current market conditions and how we are positioning portfolios.

 

Thank you for joining us for another “Cumberland Advisors Week In Review.” What a week! Matt McAleer talks about his week in trading and he touches on these point and more:

-We have to put our minds around the 30yr Treasury
-Invest in Treasurys or the S&P 500? We talk about it.
-You must be willing to accept risk to make decisions.
-Let’s look at some things we like to go over day-by-day.
-How about Supply and Demand? And looking at things from a technical standpoint?
-We have some charts for you to look at with us.
-I like to look at charts without preconceived notions.
-I recommend you look at charts the same way.
Dr. Leo Chen, our Quant Analyst and Portfolio Manager, has been taking note of signals – I explain.
-When we look at markets, we look at what is getting bids & what is rallying.
-I share what I didn’t expect this week.
-I share some historical information with you.
-This week has been a rare event.
-To conclude: fascinating movement in the fixed income market. The 30 year Treasury down through the S&P 500 is something I haven’t seen before. It has happened briefly a couple of times over the last 50-75 years. When it has happened, it was for a very brief period before rates rose again or the market rallied enough to drop that dividend yield.
-We don’t try to predict. We work with data.

Have you seen the agenda for our upcoming energy conference, called “An Outlook on Energy Policy“? It’s in partnership with the University of South Florida, Sarasota-Manatee (USFSM) and the Global Interdependence Center (GIC). I’ll be speaking at it along with many others including Patty Healy CFA, Cumberland’s Senior Vice President of Research and Portfolio Manager. She’ll be exploring, among many issues, water quality and projects, ESG, and municipalities, municipal bonds and municipal credit. Many of these things are tied together with energy investing that the layman may not be aware of. More information is available at this link and in the description at the end of this brief: https://www.interdependence.org/events/an-outlook-on-energy-policy/

Please reach out to me with any questions/comments you may have about this week’s video, I always appreciate your calls, comments, and emails.

Watch this week’s update in the player above or at this link: https://youtu.be/4aJF0AmsC-A

Have a great weekend and thank you for joining us at Cumberland Advisors.

Matt enjoys your feedback. You can reach him at:
-Link to Matt’s Email: Matthew.McAleer@Cumber.com
-Link to Matt’s Twitter: https://twitter.com/MattMcAleer4
-Link to Matt’s LinkedIn: https://www.linkedin.com/in/matthew-c-mcaleer/
-Feel free to email us at info@cumber.com or give us a call at (800) 257-7013

Contact Matt or any one of our advisors by following this link: https://www.cumber.com/our-people/


Cumberland Advisors Guest Commentary – Guest Words from Jay Simkin about China Virus

Author: Jay Simkin & David R. Kotok, Post Date: February 28, 2020

Market Commentary - Cumberland Advisors - Guest Words from Jay Simkin about China Virus Jay Simkin is a skilled global observer who consults privately on global risks. We have exchanged information for many years. Sometimes we don’t agree, but we always maintain a candid exchange and respect for each other’s work. Jay emailed me his own view on the coronavirus and China, and I asked permission to share his [Continued…]

Cumberland Advisors Market Commentary – The Virus & The “Truth”

Author: David R. Kotok, Post Date: February 26, 2020

Market Commentary - Cumberland Advisors - Coronavirus COVID-19 Tribute Without a vaccine, the best medicine for an epidemic is the truth. Lies and cover-ups make matters worse; we all know it. We recently saw it in Wilmington, North Carolina, where a fake news report of coronavirus cases triggered disruption in the regional medical system. It is hard to catch a perpetrator of an internet [Continued…]

Guest Commentary – The DataTrek Research “Coronavirus” Investor Survey Results

Author: Nick Colas and Jessica Rabe, Post Date: February 24, 2020

The DataTrek Research Coronavirus Investor Survey Results Nick Colas and Jessica Rabe of DataTrek Research publish a terrific daily market analysis. They have kindly agreed to let us send their full Coronavirus survey note to our list. We thank them. The full February 23rd letter follows. David R. Kotok Chairman and Chief Investment Officer Email | Bio DATATREK MORNING BRIEFING February 23, [Continued…]

Cumberland Advisors Market Commentary – Wuhan Coverup and Trade. An Update.

Author: David R. Kotok, Post Date: February 6, 2020
Market Commentary - Cumberland Advisors - Corona Virus & Markets
What did Beijing know, and when did they know it? Did the Chinese negotiators ask for and obtain Article 7.6 (2) when they already knew they might have to invoke it? Did the US agree with the language in the dispute-resolution section without knowing about the degree of coronavirus spread and risk? Was the US a victim of Chinese deception? [Continued…]

Cumberland Advisors Market Commentary – China, Asian Stocks, and Coronavirus Risk

Author: William Witherell, Ph.D., Post Date: February 5, 2020
Market Commentary - Cumberland Advisors - China, Asian Stocks, and Coronavirus Risk
Beginning in late 2019 through the first half of January, stocks in Asia (excluding Japan), led by the Chinese market, rallied, outperforming most other equity markets. However, the region is now challenged by the spread of a new coronavirus originating in China. With an exponential increase in the number of infected cases in China and [Continued…]

Cumberland Advisors Market Commentary – A Wuhan Coverup and the Trade Deal?

Author: David R. Kotok, Post Date: February 3, 2020

Market Commentary - Cumberland Advisors - A Wuhan Coverup and the Trade Deal

We now know that the first person who contracted a mysterious pneumonia in Wuhan actually fell ill on December 1, almost two weeks earlier than Chinese authorities initially claimed. (See “Did China downplay the coronavirus outbreak early on?” https://www.vox.com/2020/1/27/21082354/coronavirus-outbreak-wuhan-china-early-on-lancet, and “Wuhan seafood market may not be source of novel virus spreading globally,” https://www.sciencemag.org/news/2020/01/wuhan-seafood-market-may-not-be-source-novel-virus-spreading-globally). That information [Continued…]


 


In the News…


Upcoming event with Cumberland Advisors…

Join Cumberland Advisors on Friday, March 20, 2020 for a program called “An Outlook on Energy Policy“. The event is held in partnership with the Global Interdependence Center, the University of South Florida Sarasota-Manatee, and with support from the Alliance for Market Solutions and First Trust. This half-day conference will explore investing in energy, policy approaches to climate change, and energy’s effect on Fed policy. “An Outlook on Energy Policy” will feature Danielle DiMartino Booth, CEO & Chief Strategist for Quill Intelligence LLC, Samuel Rines, Chief Economist, Avalon Advisors, Jim Lucier, Capital Alpha Partners, Former Congresswoman Gwen Graham, Former Congressman Carlos Curbelo, Jim Slutz, Director of Study Operations at the National Petroleum Council, along with other speakers and moderators.

More information and speaker bios can be found at the Global Interdependence Center website: https://www.interdependence.org/events/an-outlook-on-energy-policy/

We look forward to sharing with you an event filled with conversation, thought leadership, and valuable information.


Links to other websites or electronic media controlled or offered by Third-Parties (non-affiliates of Cumberland Advisors) are provided only as a reference and courtesy to our users. Cumberland Advisors has no control over such websites, does not recommend or endorse any opinions, ideas, products, information, or content of such sites, and makes no warranties as to the accuracy, completeness, reliability or suitability of their content. Cumberland Advisors hereby disclaims liability for any information, materials, products or services posted or offered at any of the Third-Party websites. The Third-Party may have a privacy and/or security policy different from that of Cumberland Advisors. Therefore, please refer to the specific privacy and security policies of the Third-Party when accessing their websites.

Sign up for our FREE Cumberland Market Commentaries

Cumberland Advisors Market Commentaries offer 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.

Posted on: 02/29/2020 arrow Watch Video arrow
Cumberland Advisors President & CEO discusses worst week on Wall with Grant Boxleitner- Suncoast News

Cumberland Advisors President & CEO discusses worst week on Wall Street since 2008 financial crisis

Cumberland Advisors President & CEO discusses worst week on Wall Street since 2008 financial crisis with Grant Boxleitner.

Cumberland Advisors President & CEO discusses worst week on Wall with Grant Boxleitner- Suncoast News

SARASOTA – After stocks wrapped up the biggest weekly losses since the 2008 financial crisis, Cumberland Advisors President, CEO & Director Of Fixed Income John  Mousseau talked about the volatility with SNN’s Grant Boxleitner.

(Watch in the embedded player below or at this link: https://www.snntv.com/story/41833957/cumberland-advisors-president-and-ceo-discusses-worst-week-on-wall-street-since-2008-financial-crisis)

Mousseau talked about how coronavirus is playing into the brisk selloff,  possible areas of the market nervous investors could consider and more.

The major U.S. indices plunged into correction territory this week, meaning they’ve all lost at least 10 percent of their value from their highs.


Links to other websites or electronic media controlled or offered by Third-Parties (non-affiliates of Cumberland Advisors) are provided only as a reference and courtesy to our users. Cumberland Advisors has no control over such websites, does not recommend or endorse any opinions, ideas, products, information, or content of such sites, and makes no warranties as to the accuracy, completeness, reliability or suitability of their content. Cumberland Advisors hereby disclaims liability for any information, materials, products or services posted or offered at any of the Third-Party websites. The Third-Party may have a privacy and/or security policy different from that of Cumberland Advisors. Therefore, please refer to the specific privacy and security policies of the Third-Party when accessing their websites.

Sign up for our FREE Cumberland Market Commentaries

Cumberland Advisors Market Commentaries offer 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.

Posted on: 02/29/2020 arrow Watch Video arrow
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Cumberland Advisors® is registered with the SEC under the Investment Advisers Act of 1940. All information contained herein is for informational purposes only and does not constitute a solicitation or offer to sell securities or investment advisory services. Such an offer can only be made in the states where Cumberland Advisors is either registered or is a Notice Filer or where an exemption from such registration or filing is available. New accounts will not be accepted unless and until all local regulations have been satisfied. This presentation does not purport to be a complete description of our performance or investment services. Please feel free to forward our commentaries (with proper attribution) to others who may be interested. It is not our intention to state or imply in any manner that past results and profitability is an indication of future performance. All material presented is compiled from sources believed to be reliable. However, accuracy cannot be guaranteed.
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