TV Appearances

Cumberland-Advisors-Market-Update-2020-05-29

Cumberland Advisors Week in Review (May 26, 2020 – May 29, 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.

Dear Clients & Friends,

Thank you for joining Cumberland Advisors for this end-of-week update on market conditions, bonds & equities with me, Matt McAleer, and John Mousseau. David Kotok joins us in a separate video further down in this commentary.

This week:
John Mousseau’s Update on the Fixed Income Market
-Very quiet week in the bond market
-A continued narrowing between Munis and Treasuries, but not much
-Demand for Munis is back – some can be in their own universe
-Jobless claims are down a little – good sign
-The economy continues to open up and progress
-Overall a boring week. We like boring over all the volatility earlier this spring!Matt McAleer on Markets
-Encouraging to see a bid in small and mid caps
-We have some charts to share with you
-Lean on analytics and data to achieve a flexible view
-Where do we have cash?
-The strongest markets never let you in
-The weakest markets never let you out
-We’re in a very strong market
-1st chart – This chart measures the percent of stocks in the S&P 500 currently trading above their 10 week moving average
-2nd chart – When the S&P trades 10% above its 50 day moving average – very rare! How rare? It’s only occurred six times since 1955.

David Kotok talks about Masks, Markets, and ETFs
-Good to get outside (with a mask!)
-Societies that wear masks have better outcomes, we’re new to this
-I wear a mask to protect myself and you if I contract the virus and am asymptomatic
-Unusual times, incredible series of events, unthinkable in any forecast, unpredictable
-Let’s talk markets
-In our US ETF portfolio we are:
* Overweight Healthcare – we have remained that way and continue that way as of today
* Overweight ESG – Solar, Wind, Water – we have been that way and we continue that way
* Overweight Defense – the Defense Aerospace sector. I wish it weren’t so but the world looks to be getting more dangerous
* We are not fully invested today, we have a cash reserve, it has been there and it continues to be there. We’ll see when we’ll deploy it.
* We do not know how the economics will unfold, we do not know if a second wave of the virus is coming, and we do not know when we will have widespread vaccination and effective treatments
-Please be safe and careful

Thanks for joining us again this week. Please reach out with any questions/comments you may have about this update; we appreciate your calls, comments, and emails. Watch in the player above or at this link: https://youtu.be/isgC8sSacEI

Direct link to David’s video is here or watch in the player below: https://youtu.be/ouXWLBu8SE0

 

Stay safe, healthy, and have a great weekend.

-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/


Bloomberg Daybreak Australia: David Kotok Discusses Dislocation in Markets/Economy

May 27, 2020 – Running time 48:27 – David joins at the 8:20 mark

David Kotok, Chairman & Chief Investment Officer at Cumberland Advisors, discusses markets, market dislocation, the economy, coronavirus, growth rates, liquidity, the bargain he sees in municipal bonds, and more. Hosted by Haidi Stroud-Watts.

Bloomberg Daybreak Australia with David R. Kotok (05-27-2020)

Watch here: https://www.bloomberg.com/news/videos/2020-05-27/-bloomberg-daybreak-australia-full-show-05-27-2020-video


Cumberland Advisors Market Commentary

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.

To read current and past commentaries, visit https://www.cumber.com/category/market-commentary/


Hydroxychloroquine

Author: David R. Kotok , Post Date: May 29, 2020

Market Commentary - Cumberland Advisors - The Debate Over Hydroxychloroquine

The Debate Over Hydroxychloroquine President Trump’s surprise announcement on Monday, May 18, that he is taking hydroxychloroquine as a preventative against COVID-19 prompted Fox News host Neil Cavuto to quickly warn, “If you are in a risky population here, and you are taking this as a preventative treatment to ward off the virus or in [Continued…]

Money, Taxes, Fed & COVID-19

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

Market Commentary - Cumberland Advisors - Money, Taxes, Fed & COVID-19

At the following link readers may download a PDF file of the May 15th Joint Committee on Taxation analysis of federal receipts attributable to the latest stimulus bill passed by the House: https://www.jct.gov/publications.html?func=startdown&id=5260. The pressure for the Senate to act is growing daily and will only intensify. We expect something to come in the way of [Continued…]

Memorial Day

Author: David R. Kotok, Post Date: May 24, 2020

Memorial Day

“Originally, Memorial Day was known as Decoration Day, meant to honor the Union and the Confederate soldiers who died during the American Civil War. By the 1900s it had become a day to celebrate all American soldiers who died while serving in the military. It wasn’t until 1967 that it was legally named Memorial Day.” (Source: https://www.softschools.com/facts/holidays/memorial_day_facts/158/) When I served in [Continued…]

Inflation and Capacity Utilization

Author: Robert Eisenbeis, Ph.D. & David R. Kotok, Post Date: May 22, 2020

Cumberland Advisors' Robert "Bob" Eisenbeis, Ph.D.

At Cumberland, we continuously have internal strategy discussions. We decided to make one such discussion, on the subject of inflation and US capacity utilization, available in the form of a commentary to clients, consultants, and all readers. Below you’ll find a summation of our discussion, written by Bob Eisenbeis, Cumberland Advisors Chief Monetary Economist. -David [Continued…]

COVID-19, stock market, some Senators’ behavior

Author: David R. Kotok, Post Date: May 21, 2020

David R. Kotok

It’s no wonder that citizens, voters and disaffected non-voters, investors and market agents, as well as others who observe the United States, have a low opinion of the Congress. Behavior of one reflects on all. Nothing new there. But the virus crisis has taken regard for Congress to a new low level as the country [Continued…]

Cry for Brazil, and also for Latin America

Author: William Witherell, Ph.D., Post Date: May 20, 2020

Market Commentary - Cumberland Advisors - Cry for Brazil, and also for Latin America by William Witherell, Ph.D

The coronavirus is tearing through Brazil, a country ill-equipped to fight the pandemic. It’s hard-right populist leader, Jair Bolsonaro, has dismissed the virus as a “little flu.” COVID-19 is spreading through the population of 210 million, savaging both the inhabitants of the indigenous villages of the Amazon and the 13 million people packed together in [Continued…]

Zika Vaccine

Author: David R. Kotok, Post Date: May 19, 2020

Zika-Pamphlet-by-David-R-Kotok

What seems like ages ago, we wrote about Zika. Multiple commentaries became a pamphlet which was and is available free. Here’s the link: https://www.cumber.com/zika/. In that pamphlet is a chapter about how a political fight held up Zika vaccine research for a year. The costs in human and monetary terms are estimated in the pamphlet. [Continued…]

Inflation/Deflation: What Do We Know Now?

Author: Robert Eisenbeis, Ph.D., Post Date: May 18, 2020

Cumberland Advisors' Robert "Bob" Eisenbeis, Ph.D.

The most recent CPI numbers show a decline of 0.8% for the month of April, triggering questions about both a possible deflation and where prices are likely to go in the future. The fact is that no one knows what inflation will do in the short run, and all we have to go on, as [Continued…]


Financial Markets & the Economy – Financial Literacy Day.

Cumberland Advisors in partnership with the University of South Florida, Sarasota-Manatee (USFSM) and the Global Interdependence Center (GIC) are proud to host this annual event.

If you were able to attend our February 14, 2020 event in person, you know how valuable the information was and still is. Didn’t make it? Enjoy it now, on-demand.

Financial Markets & The Economy - Financial Literacy Day Stream Play Now

As news of the coronavirus and its spread was mounting, we offered anyone in attendance a facemask as a precaution. This was two weeks in advance of the CDC making its recommendation and is an example of one of the forward thinking positions we endeavor to employ when it comes to our firm.

The University of South Florida, Sarasota-Manatee (USFSM) has once again provided a replay of the day’s event via their streaming server. Please click the graphic above or visit the following link to watch “Financial Markets and the Economy – Financial Literacy Day 2020.”

https://mediasite.usfsm.edu/Mediasite/Play/b1093c21f612418e83b4f36e274f1c531d

Presentation Documents

The documents are supplementary and provide further information and context to the presentations.

Also, see Bloomberg’s website for Mike McKee’s interview with Loretta Mester, President and CEO, Federal Reserve Bank of Cleveland. Loretta was our keynote speaker and Mike joined us for the day at the University Of South Florida Sarasota-Manatee.


Cleveland Fed President Loretta Mester Video with Play Button
To watch, click the picture above or follow this link: https://www.bloomberg.com/news/videos/2020-02-14/fed-s-mester-on-u-s-economy-coronavirus-risk-and-rates-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: 05/30/2020 arrow Watch Video arrow
Cumberland-Advisors-Market-Update-20200522

Cumberland Advisors Week in Review (May 18, 2020 – May 22, 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.

Dear Clients & Friends,
Thank you for joining Cumberland Advisors for this end-of-week update on market conditions, bonds & equities with Matt McAleer, and John Mousseau.
John and Matt are back at the office, taking turns on camera so they can continue to inform you and practice safe social distancing. Their takes follow.
John Mousseau’s Update on the Fixed Income Market
-Fairly calm. -10yr & 30yr ticked up this week
-Real story is with tax-free bonds and a bump of 15/17 bps
-Narrowing of spreads between markets
-We expect gap to continue to close as things improve overall in the economy
-There’s talk of more help for state/local gov’ts
-The MTA in NY was able to access the Fed’s short-term note program
-Deals were oversubscribed this week by up to 7-times
-We predict an eventual rise in taxes, no matter who is in the White House
-A rise in the Federal Marginal Top Tax Rate will boost the value of all Municipal Bonds, all other things being equal.
Matt McAleer on Equities
-We had a pretty good bid this week; most of it Monday on vaccine news
-Now on to discuss how we’re positioned in strategies
-US Equity Strategy -International Strategy
-Tactical Trend Strategy -Blend of US Portfolios & Fixed Income
-What about Biotech?
-We are cautious and we try not to get “beyond our headlights”
-We’re back to 2950 with a whole new basket of headaches
-Are we too far “over our skis” in the Equity Market?
-Matt’s Mantra on Capital Allocation: We want to allocate capital on pullbacks to sectors that are working
Thanks for joining us again this week. Please reach out with any questions/comments you may have about this update; we appreciate your calls, comments, and emails. Watch in the player above or at this link: https://youtu.be/rQ8F7kpbios
Stay safe, healthy, and have a great weekend.

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/

 


Cumberland Advisors In The News

BondBuyer – Municipal short-end rally grinds on

Quoted: John R. Mousseau, CFA | Posted on: 05/20/2020 read more

Illinois to sell debt as fiscal woes worsen in coronavirus outbreak

Quoted: John R. Mousseau, CFA | Posted on: 05/07/2020 read more

More News About Cumberland Advisors Here: https://www.cumber.com/news


Cumberland Advisors Market Commentary

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.

To read current and past commentaries, visit https://www.cumber.com/category/market-commentary/

 


Inflation and Capacity Utilization

Author: Robert Eisenbeis, Ph.D. & David R. Kotok, Post Date: May 22, 2020

Cumberland Advisors' Robert "Bob" Eisenbeis, Ph.D.

At Cumberland, we continuously have internal strategy discussions. We decided to make one such discussion, on the subject of inflation and US capacity utilization, available in the form of a commentary to clients, consultants, and all readers. Below you’ll find a summation of our discussion, written by Bob Eisenbeis, Cumberland Advisors Chief Monetary Economist. -David [Continued…]

COVID-19, stock market, some Senators’ behavior

Author: David R. Kotok, Post Date: May 21, 2020

David R. Kotok

It’s no wonder that citizens, voters and disaffected non-voters, investors and market agents, as well as others who observe the United States, have a low opinion of the Congress. Behavior of one reflects on all. Nothing new there. But the virus crisis has taken regard for Congress to a new low level as the country [Continued…]

Cry for Brazil, and also for Latin America

Author: William Witherell, Ph.D., Post Date: May 20, 2020

Market Commentary - Cumberland Advisors - Cry for Brazil, and also for Latin America by William Witherell, Ph.D

The coronavirus is tearing through Brazil, a country ill-equipped to fight the pandemic. It’s hard-right populist leader, Jair Bolsonaro, has dismissed the virus as a “little flu.” COVID-19 is spreading through the population of 210 million, savaging both the inhabitants of the indigenous villages of the Amazon and the 13 million people packed together in [Continued…]

Zika Vaccine

Author: David R. Kotok, Post Date: May 19, 2020

Zika-Pamphlet-by-David-R-Kotok

What seems like ages ago, we wrote about Zika. Multiple commentaries became a pamphlet which was and is available free. Here’s the link: https://www.cumber.com/zika/. In that pamphlet is a chapter about how a political fight held up Zika vaccine research for a year. The costs in human and monetary terms are estimated in the pamphlet. [Continued…]

Inflation/Deflation: What Do We Know Now?

Author: Robert Eisenbeis, Ph.D., Post Date: May 18, 2020

Cumberland Advisors' Robert "Bob" Eisenbeis, Ph.D.

The most recent CPI numbers show a decline of 0.8% for the month of April, triggering questions about both a possible deflation and where prices are likely to go in the future. The fact is that no one knows what inflation will do in the short run, and all we have to go on, as [Continued…]

Good Morning to Betsy and to Liz

Author: David R. Kotok, Post Date: May 17, 2020

Guest Commentary - Cumberland Advisors - Good Morning to Betsy and to Liz

My friend Betsy emailed me and said, “You’re having too much fun.” Thank you, Betsy. You are correct, as usual. Dear Readers, we have to maintain some sense of something or other (joie de vivre, perhaps) during this constant barrage from the news flow. The Sunday morning missives started with “Daffodils” (https://www.cumber.com/cumberland-advisors-market-commentary-daffodils/). The response to [Continued…]

Risking an Investment War with China

Author: William Witherell, Ph.D., Post Date: May 15, 2020

Market Commentary - Cumberland Advisors - Risking an Investment War with China by William Witherell, Ph.D

Not having learned the costly lessons of a US-China trade war, the US government has now taken action that risks triggering an investment war with China that could have serious negative effects on the economies of both countries at a time when each will be seeking to recover from the heavy impacts of the COVID-19 [Continued…]

Trump Opportunity, Puerto Rico, Pharma

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

Cumberland Advisors Market Commentary - Trump Opportunity, Puerto Rico, Pharma

My friend Dennis Gartman had a guest commentary in the wonderful and comprehensive monthly research publication offered by Gary Shilling (www.agaryshilling.com) and thoughtfully assembled and edited by Fred Rossi. I thank both Gary and Fred for permission to quote their work. Dennis wrote: “Puerto Rico shall be a huge winner, for it was only a [Continued…]


Cumberland Advisors HQ is in Sarasota, Fla., and we’re preparing for another hurricane season starting June 6th along with the COVID-19 precautions the rest of the country is engaged in. Here’s a look back at Cumberland Advisors’ small, fact-finding group that went to Key West and five other Keys that were hit by Hurricane Irma. We spoke to many locals, park officials, business owners, including numerous fishing guides that lost homes and their business assets to the immense power of Hurricane Irma. See the story here: https://www.cumber.com/florida-keys-devastation-after-hurricane-irma/

Immediately after Hurricane Irma’s eye passed over the Florida Keys, massive damage to the Lower and Middle Keys was apparent where hundreds of homes and businesses were destroyed by high winds and a huge storm surge.


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: 05/23/2020 arrow Watch Video arrow
Cumberland-Advisors-Market-Update-20200515

Cumberland Advisors Week in Review (May 11, 2020 – May 15, 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 Cumberland Advisors for this end-of-week update on market conditions, bonds & equities.

Matt McAleer and John Mousseau are at their favorite watering hole close to the shop, a restaurant called Café Epicure that serves, in our humble opinion, great food and refreshments. We’re here today to demonstrate our support for other small businesses and the restaurant industry that’s been hit so hard this year.

-Matt starts off and becomes one with the market by paraphrasing Welsh poet Dylan Thomas: “No! I will not go gentle into this good night!”
-“Do not go gentle into that good night” is a poem in the form of a villanelle, and is Dylan Thomas’ most famous work (1914–1953)
-Matt says we’ve had some weakness in some of the short-term momentum indicators this week
-The market had every reason to roll over but it stayed strong
-Everyone has an opinion on this market, but they don’t know anything more than you or I do
-Supply and Demand will continue to run the market
-An impressive Thursday and Friday
-Next week, we’re going to cover each strategy and layout how we’re positioned: equities, fixed income, and cash

-John has some things he hopes you’ll takeaway from this week
1) Bond Market is pretty quiet – John gives details
2) Federal Reserve Chairman Jay Powell was out front and center this week asserting that the Fed does not want negative interest rates. We think that;s very good. He did leave the door open but said, “Not now.” We don’t think they want to do it for multiple reasons.
3) In the Muni World there are some credit issues around transit and sales tax. However water, sewer, and electric are doing well. We’re seeing big demand for paper and they have access to capital markets, a very good sign for the municipal bond market.

Thanks for joining us and if you’re in the neighborhood, make sure you stop by and patronize a small business. Who knows? You might run into Matt and John at Café Epicure in Downtown Sarasota! Just in case, here’s their website with their menu: http://www.cafeepicure.com/

Please reach out with any questions/comments you may have about this week’s update; we appreciate your calls, comments, and emails. Watch in the player above or at this link: https://youtu.be/B8dio4pz5lg

Stay safe, healthy, and have a great weekend.

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/

 


Cumberland Advisors In The News

Barron’s – Wave Of COVID-19 Bankruptcies Poses Next Threat To US Economy

Quoted: David R. Kotok | Posted on: 05/14/2020

ROBERT EISENBEIS: Too early to tell on financial relief programs in pandemic

Quoted: Robert Eisenbeis, Ph.D. | Posted on: 05/11/2020

Illinois to sell debt as fiscal woes worsen in coronavirus outbreak

Quoted: John R. Mousseau, CFA | Posted on: 05/07/2020 read more

Bloomberg Radio Interview: David Kotok on Fed News

Quoted: David R. Kotok | Posted on: 04/30/2020 read more

HeraldTribune.com – Mitch McConnell as Meredith Whitney

Quoted: John R. Mousseau, CFA | Posted on: 04/27/2020 read more

More News About Cumberland Advisors Here: https://www.cumber.com/news


Cumberland Advisors Market Commentary

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.

To read current and past commentaries, visit https://www.cumber.com/category/market-commentary/

 


Cumberland Advisors Market Commentary – Risking an Investment War with China

Author: William Witherell, Ph.D., Post Date: May 15, 2020

Market Commentary - Cumberland Advisors - Risking an Investment War with China by William Witherell, Ph.D Not having learned the costly lessons of a US-China trade war, the US government has now taken action that risks triggering an investment war with China that could have serious negative effects on the economies of both countries at a time when each will be seeking to recover from the heavy impacts of the COVID-19 [Continued…]

Cumberland Advisors Market Commentary – Trump Opportunity, Puerto Rico, Pharma

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

Cumberland Advisors Market Commentary - Trump Opportunity, Puerto Rico, Pharma My friend Dennis Gartman had a guest commentary in the wonderful and comprehensive monthly research publication offered by Gary Shilling (www.agaryshilling.com) and thoughtfully assembled and edited by Fred Rossi. I thank both Gary and Fred for permission to quote their work. Dennis wrote: “Puerto Rico shall be a huge winner, for it was only a [Continued…]

Cumberland Advisors Market Commentary – Comments on April Job Losses

Author: David R. Kotok, Post Date: May 11, 2020

Cumberland Advisors Market Commentary - APRIL JOB LOSSES - TLRwire Dear readers, Here’s a meaty analysis of the Friday employment report. Please note the link will take you to a $27 a month trial. After you read this report, you may find it worthwhile. Please note: I’m a paying subscriber. Enjoy. -David COMMENTS ON APRIL JOB LOSSES TLR Analytics An appalling employment report, reflecting massive [Continued…]

Cumberland Advisors Market Commentary – Readers Response to WW2 Metaphor

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

Cumberland Advisors Market Commentary - Readers Response to WW2 Metaphor This Sunday morning we wish to thank readers for their many emails over the last few months. We particularly welcome the historical references and comments about our WW2 analogy for WWC, the world’s battle against COVID-19. Here are some to consider. Then we have a YouTube video for you at the end. Thank you to [Continued…]

Part 2: Information is Beautiful – Early Florida Cases or Cover Up?

Author: David R. Kotok, Post Date: May 7, 2020

COVID-19 The Best Protection is the Truth As late as March 11, Fla. Gov. Ron DeSantis was denying that community spread was taking place, a claim that ran directly counter to statements made the day before by Dr. Anthony Fauci of the White House COVID-19 Task Force. It is now clear, however, that behind the scenes the state was collecting data that suggested much earlier community transmission. [Continued…]

Information Is Beautiful (And Useful)

Author: David R. Kotok, Post Date: May 6, 2020

Information Is Beautiful (And Useful)

Hat tip to Barry Ritholtz for including in his daily reading list a link to a compelling and enlightening set of coronavirus infographics from Information Is Beautiful. Here is that link: https://informationisbeautiful.net/visualizations/covid-19-coronavirus-infographic-datapack/. First, a preface. Readers please note that the statistics shown in the infographics are the “official” counts. In the US those statistics are [Continued…]

Black Swan and SKEW

Author: Leo Chen, Ph.D., Post Date: May 5, 2020

Market Commentary - Cumberland Advisors - Black Swan and SKEW (Leo Chen) The term black swan refers to rare events that are unpredictable in nature. These events are mathematically difficult to compute and statistically insignificant. Black Monday on October 19, 1987, is a typical example. One may consider the COVID-19 pandemic a black swan as well. CBOE launched the SKEW Index in 1990, and it has been [Continued…]

Good Morning to Bill Allen

Author: David R. Kotok, Post Date: May 4, 2020

Guest Commentary - Cumberland Advisors - Good Morning to Bill Allen Dear Readers, We would like to open our Sunday morning missive with this two minute message introduced by a prominent COVID19 survivor. We thank Christian Calgie for bringing this video to our attention: Geoffrey Cox reading Jerusalem accompanied by the orchestral music: I promise you, however prepared you think you are, it exceeds expectations. [Continued…]


Cumberland Advisors HQ is in Sarasota, Fla., and we’re preparing for another hurricane season starting June 6th along  with the COVID-19 precautions the rest of the country is engaged in. Here’s a look back at Cumberland Advisors’ small, fact-finding group that went to Key West and five other Keys that were hit by Hurricane Irma. We spoke to many locals, park officials, business owners, including numerous fishing guides that lost homes and their business assets to the immense power of Hurricane Irma. See the story here: https://www.cumber.com/florida-keys-devastation-after-hurricane-irma/

Immediately after Hurricane Irma’s eye passed over the Florida Keys, massive damage to the Lower and Middle Keys was apparent where hundreds of homes and businesses were destroyed by high winds and a huge storm surge.


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: 05/16/2020 arrow Watch Video arrow
Cumberland-Advisors-Market-Update-20200508

Cumberland Advisors Week in Review (May 04, 2020 – May 08, 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 Cumberland Advisors for this end-of-week update on market conditions, bonds & equities. Matt McAleer and John Mousseau are both on camera today.

John Mousseau:
-In the Bond Market we say Treasury Yields going up and Municipal Yields coming down.
-The Municipal Market continues to repair
-We explain why we think that market is attractive
-We give some thoughts on unemployment
-What’s happening with the MTA of New York? We talk about it with some detail.
-“Well known names will soon get a decent reception, it’s usually just a matter of price.”
Matt McAleer:
-The Market will make investors feel foolish from time to time. Why? Matt explains.
-You main enemy as a trader, as an investor, is looking you right in the mirror!
-Don’t compartmentalize single trades.
-“The biggest mistake an investor, or trader, or a portfolio manager can do is lose perspective and confidence in what they’re trying to -accomplish with capital that they’re managing.”
-Have a plan!

Please reach out with any questions/comments you may have about this week’s update; we appreciate your calls, comments, and emails. Watch in the player above or at this link: https://youtu.be/5B58mfnLovs

Stay safe, healthy, and have a great weekend.

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/

 


Cumberland Advisors In The News

Illinois to sell debt as fiscal woes worsen in coronavirus outbreak

Quoted: John R. Mousseau, CFA | Posted on: 05/07/2020 read more

Bloomberg Radio Interview: David Kotok on Fed News

Quoted: David R. Kotok | Posted on: 04/30/2020 read more

HeraldTribune.com – Mitch McConnell as Meredith Whitney

Quoted: John R. Mousseau, CFA | Posted on: 04/27/2020 read more

 

More News About Cumberland Advisors Here: https://www.cumber.com/news


Cumberland Advisors Market Commentary

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.

To read current and past commentaries, visit https://www.cumber.com/category/market-commentary/

 


Part 2: Information is Beautiful – Early Florida Cases or Cover Up?

Author: David R. Kotok, Post Date: May 7, 2020

COVID-19 The Best Protection is the Truth As late as March 11, Fla. Gov. Ron DeSantis was denying that community spread was taking place, a claim that ran directly counter to statements made the day before by Dr. Anthony Fauci of the White House COVID-19 Task Force. It is now clear, however, that behind the scenes the state was collecting data that suggested much earlier community transmission. [Continued…]

Information Is Beautiful (And Useful)

Author: David R. Kotok, Post Date: May 6, 2020

Information Is Beautiful (And Useful)

Hat tip to Barry Ritholtz for including in his daily reading list a link to a compelling and enlightening set of coronavirus infographics from Information Is Beautiful. Here is that link: https://informationisbeautiful.net/visualizations/covid-19-coronavirus-infographic-datapack/. First, a preface. Readers please note that the statistics shown in the infographics are the “official” counts. In the US those statistics are [Continued…]

Black Swan and SKEW

Author: Leo Chen, Ph.D., Post Date: May 5, 2020

Market Commentary - Cumberland Advisors - Black Swan and SKEW (Leo Chen) The term black swan refers to rare events that are unpredictable in nature. These events are mathematically difficult to compute and statistically insignificant. Black Monday on October 19, 1987, is a typical example. One may consider the COVID-19 pandemic a black swan as well. CBOE launched the SKEW Index in 1990, and it has been [Continued…]

Good Morning to Bill Allen

Author: David R. Kotok, Post Date: May 4, 2020

Guest Commentary - Cumberland Advisors - Good Morning to Bill Allen Dear Readers, We would like to open our Sunday morning missive with this two minute message introduced by a prominent COVID19 survivor. We thank Christian Calgie for bringing this video to our attention: Geoffrey Cox reading Jerusalem accompanied by the orchestral music: I promise you, however prepared you think you are, it exceeds expectations. [Continued…]

 

Short-Term vs. Long-Term VIX

Author: Leo Chen Ph.D., Post Date: May 1, 2020

CA-Market-Commentary-Short-Term vs. Long-Term VIX

As the equity markets rally from the March 24th bottom gains steam, the VIX volatility index has more than halved since its all-time high on March 16th. VIX hit the 80 level for the first time during the financial crisis. Unlike a decade ago, it only took a month for the VIX to drop below [Continued…]

The Covid-19 Blame Game, Part 1

Author: David R. Kotok, Post Date: April 30, 2020

Market Commentary - Cumberland Advisors - The Covid-19 Blame Game, Part 1

As the SARS-CoV-2 coronavirus emerged in Wuhan, spread throughout China (as millions of Wuhan residents fled their city), and then found its way overseas to cause a global pandemic, pressure mounted on governments to justify their actions in response, and a blame game soon ensued, with the Chinese and US among the main players. Initially, [Continued…]

The Fed and Markets

Author: Robert Eisenbeis, Ph.D., Post Date: April 28, 2020

Federal Reserve Building

Congress and the Trump administration have embarked upon a massive federal stimulus program to mitigate the impact of the coronavirus on the US economy. At the same time, the Federal Reserve has stepped up to bolster financial markets, having announced, in addition to its ongoing support of the repo market, a series of ten loan [Continued…]


Summer approaches! Here at Cumberland Advisors HQ in Sarasota, Fla., it also means hurricane season is on the horizon along with a possible return of Red Tide. This natural phenomena is thought to be amplified by human activity along the Gulf of Mexico. What can be done? Lenny Landau & David R. Kotok discuss “The Puzzle of Red Tide” where Lenny brings his experience as an engineer to bear.


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: 05/09/2020 arrow Watch Video arrow
Cumberland-Advisors-Market-Update-20200501

Cumberland Advisors Week in Review (Apr 27, 2020 – May 01, 2020)

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

 



John joins Matt on camera this week and they talk about:
-Our thoughts on small cap and mid cap rallies
-Demand during pullbacks
-Our adjustments in portfolios
-Biotech
-Weekly momentum
-What we hope to see next week
-Bond outflows
-Congress
-Stimulus
-Direct aid
-Unemployment
-Where bond yields are going
-Bond deals coming to market
-Oversubscription
-The state of Illinois, its reception, and why it’s important

Thank you for taking the time to join us.

Please reach out with any questions/comments you may have about this week’s update; we appreciate your calls, comments, and emails.

Watch in the player above or at this link: https://youtu.be/4vUpP9TFAXY

Have a safe weekend,

-Matt McAleer

Ways to reach Matt:

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


MARKET COMMENTARY

Short-Term vs. Long-Term VIX

Author: Leo Chen Ph.D., Post Date: May 1, 2020

CA-Market-Commentary-Short-Term vs. Long-Term VIX As the equity markets rally from the March 24th bottom gains steam, the VIX volatility index has more than halved since its all-time high on March 16th. VIX hit the 80 level for the first time during the financial crisis. Unlike a decade ago, it only took a month for the VIX to drop below [Continued…]

The Covid-19 Blame Game, Part 1

Author: David R. Kotok, Post Date: April 30, 2020

Market Commentary - Cumberland Advisors - The Covid-19 Blame Game, Part 1 As the SARS-CoV-2 coronavirus emerged in Wuhan, spread throughout China (as millions of Wuhan residents fled their city), and then found its way overseas to cause a global pandemic, pressure mounted on governments to justify their actions in response, and a blame game soon ensued, with the Chinese and US among the main players. Initially, [Continued…]

The Fed and Markets

Author: Robert Eisenbeis, Ph.D., Post Date: April 28, 2020

Federal Reserve Building Congress and the Trump administration have embarked upon a massive federal stimulus program to mitigate the impact of the coronavirus on the US economy. At the same time, the Federal Reserve has stepped up to bolster financial markets, having announced, in addition to its ongoing support of the repo market, a series of ten loan [Continued…]

Take a Deep Breath

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

Guest Commentary - Cumberland Advisors - Take a Deep Breath Philippa Dunne and Doug Henwood provide a terrific daily research service, TLR Analytics, that focuses mostly on the component details of the American labor force. They report high-frequency information and offer dissection of details. In times like the present, these “nuggets” are helpful for investment decisions and for economic impact assessment. I read their work [Continued…]

 

The UK Economy Falls Off the Cliff; Brexit Negotiations Resume

Author: William Witherell, Ph.D., Post Date: April 24, 2020

Market Commentary - Cumberland Advisors - The UK Economy Falls Off the Cliff; Brexit Negotiations Resume

The economic situation in the UK has worsened dramatically in just the month and a half since our March 4th commentary on the subject. Last week, the Bank of England’s (BOE) governor, Andrew Bailey, told journalists that he did not disagree with the Office for Budget Responsibility’s forecast of a 35% decline in the UK’s [Continued…]

McConnell as Meredith Whitney

Author: John R. Mousseau, CFA, Post Date: April 23, 2020

Market Commentary - Cumberland Advisors -McConnell as Meredith Whitney (Mousseau)

Senate Majority Leader McConnell yesterday was reported by Bloomberg News as saying that he “would certainly be in favor of allowing states to use the bankruptcy route” rather than giving them a Federal bailout. This reminded us of 2010 when Meredith Whitney, a noted bank analyst, predicted that there would be hundreds of billions of [Continued…]

About Masks – (Plus a personal note)

Author: David R. Kotok, Post Date: April 22, 2020

David Kotok - About Masks

Straight Talk on Masks from Anthony Fauci – In a widely shared YouTube interview with Lilly Singh, Anthony Fauci, head of the National Institute of Allergy and Infectious Diseases (NIAID) and a member of the White House coronavirus task force, explained the rationale for wearing face masks. He also explained why the CDC didn’t initially suggest [Continued…]

COVID – 19: Health Recovery and Economic Recovery Go Hand in Hand

Author: Peter A. Gold, Esquire & Jeffrey P. Gold, MD, Post Date: April 20, 2020

COVID - 19: Health Recovery and Economic Recovery Go Hand in HandThere is a lot of competing information in circulation relating to the current coronavirus pandemic and there is now a rush to offer opinion on how to best reopen economies and communities in a safe manner. It is our honor and privilege to introduce you to the following authors who also happen to be brothers. [Continued…]


Bloomberg Radio Interview: David Kotok on Fed News

April 29, 2020 – Running time 08:03

David Kotok, Chairman & Chief Investment Officer at Cumberland Advisors, discusses the latest Fed news with Doug Krizner and Juliette Saly on Bloomberg Daybreak Asia.

LISTEN HERE: https://www.bloomberg.com/news/audio/2020-04-30/david-kotok-on-fed-news-radio?sref=XreMbXAF

 

 


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: 05/02/2020 arrow Watch Video arrow
Money Show Webinar - Bond Markets Through the Coronavirus with John R. Mousseau, CFA

Bond Markets Through the Coronavirus – John Mousseau

Money Show Webinar - Bond Markets Through the Coronavirus with John R. Mousseau, CFA

Join John R. Mousseau, president & CEO of Cumberland Advisors, as he walks you through the analysis of treasury, taxable, and municipal markets, federal monetary policy, and administration of fiscal policy.


Watch in the embedded player or here:  Bond Markets Through the Coronavirus


Learn more about John Mousseau here: https://www.cumber.com/team/john-r-mousseau/


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: 04/25/2020 arrow Watch Video arrow
Cumberland-Advisors-Market-Update-20200424

Cumberland Advisors Week in Review (Apr 20, 2020 – Apr 24, 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 Cumberland Advisors for this end-of-week update on market conditions, bonds & equities with me, Matt McAleer, and John Mousseau.

John Mousseau leads today on this week’s video.He talks about:
-Period of normalcy this week for bonds.
-Key for this week: Deals came to market and got done easily. Most municipal bond deals were oversubscribed and that’s a good sign. We had stability in the markets.
-The real issue this week is Senate Majority Leader Mitch McConnell’s talk of states declaring bankruptcy instead of getting federal aid. There are a number of problems that this scenario raises.
-John wrote a commentary this week about McConnell’s statement and the link is here if you missed it: https://www.cumber.com/cumberland-advisors-market-commentary-mcconnell-as-meredith-whitney/

I’m next with my take on markets this week. My take on a few things:
-Another volatile week.
-What’s positive and negative this week?
-The market was able to price in the volatility in oil.
-Very interesting in what’s going on with transportation. What’s under the hood?
-What are we seeing in biotech? Medical devices?
-What is VIX trying to tell us?

Once again, we shot our own video this week. Thank you for taking the time to join us.

Please reach out with any questions/comments you may have about this week’s
update; we appreciate your calls, comments, and emails.

Watch in the player above or at this link: https://youtu.be/uv59KJMqi_Y

Have a safe weekend,

-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/


Money Show Webinar - Bond Markets Through the Coronavirus with John R. Mousseau, CFA

Watch John’s April 23, 2020 presentation,  “Bond Markets Through the Coronavirus” here: https://www.cumber.com/bond-markets-through-the-coronavirus-john-mousseau/


Cumberland Advisors In The News

Fed Following WWII Model to Control Yield Curve

Bloomberg Radio – April 21, 2020

David Kotok, Chairman & Chief Investment Officer at Cumberland Advisors, discusses bond markets, the Fed and current investment outlook. Hosted by Lisa Abramowicz and Paul Sweeney.
Running time 07:36 – Play Episode: https://www.bloomberg.com/news/audio/2020-04-21/fed-following-wwii-model-to-control-yield-curve-kotok-radio


McConnell’s bankruptcy suggestion boomerangs

by Brian Tumulty – The Bond Buyer – April 24, 2020

Critics say Senate Majority Leader Mitch McConnell’s suggestion that Congress should allow states to file for bankruptcy would undermine efforts to quickly restart the economy and could damage the municipal market. John Mousseau, president and chief executive officer and director of fixed income at Cumberland Advisors, likened McConnell’s comment to the 2010 prediction by Meredith Whitney, a noted bank analyst, predicting hundreds of billions of dollars of municipal defaults were coming. They never materialized. She caused lots of market damage and outflows from municipal bond funds before sanity resumed and yields moved lower than they had been before she made her remarks, according to Mousseau. Senate Democratic Minority Leader Chuck Schumer said the backlash “has given even more momentum for state and local assistance,” making McConnell “increasingly isolated.” [Continued behind Paywall at The Bond Buyer…]


Lots of Muni Bonds Are Going to Be Just Fine

by Barry Ritholtz – April 13, 2020

(Bloomberg Opinion) — In an extraordinary attempt to help the economy in the midst of the coronavirus economic downturn, the Federal Reserve’s balance sheet has ballooned to more than $6 trillion.

How this has affected fixed-income pricing, yield, risk and even trading is the subject of this week’s Masters in Business interview with John R. Mousseau, president, chief executive officer and director of fixed income at Cumberland Advisors. Mousseau also is the co-author of the book “Adventures in Muniland: A Guide to Municipal Bond Investing in the Post-Crisis Era.”

He notes the current slump is very different from the 2008-09 financial crisis. That event was driven by credit deterioration and mortgage defaults. Things only came to a head only after defaults soared and bond markets developed liquidity problems after the collapse of Lehman Brothers. In the fixed-income world today, the coronavirus pandemic is characterized mostly by economic paralysis, but so far not mass defaults.

Full story at Yahoo Finance: https://finance.yahoo.com/news/lots-muni-bonds-going-just-153254865.html

More News About Cumberland Advisors Here: https://www.cumber.com/news


Cumberland Advisors Market Commentary

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.

To read current and past commentaries, visit www.cumber.com/category/market-commentary/

 


 

Cumberland Advisors Market Commentary – The UK Economy Falls Off the Cliff; Brexit Negotiations Resume

Author: William Witherell, Ph.D., Post Date: April 24, 2020

Market Commentary - Cumberland Advisors - The UK Economy Falls Off the Cliff; Brexit Negotiations ResumeThe economic situation in the UK has worsened dramatically in just the month and a half since our March 4th commentary on the subject. Last week, the Bank of England’s (BOE) governor, Andrew Bailey, told journalists that he did not disagree with the Office for Budget Responsibility’s forecast of a 35% decline in the UK’s [Continued…]

Cumberland Advisors Market Commentary – McConnell as Meredith Whitney

Author: John R. Mousseau, CFA, Post Date: April 23, 2020

Market Commentary - Cumberland Advisors -McConnell as Meredith Whitney (Mousseau)Senate Majority Leader McConnell yesterday was reported by Bloomberg News as saying that he “would certainly be in favor of allowing states to use the bankruptcy route” rather than giving them a Federal bailout. This reminded us of 2010 when Meredith Whitney, a noted bank analyst, predicted that there would be hundreds of billions of [Continued…]

Cumberland Advisors Market Commentary – About Masks – (Plus a personal note)

Author: David R. Kotok, Post Date: April 22, 2020

David Kotok - About MasksStraight Talk on Masks from Anthony Fauci – In a widely shared YouTube interview with Lilly Singh, Anthony Fauci, head of the National Institute of Allergy and Infectious Diseases (NIAID) and a member of the White House coronavirus task force, explained the rationale for wearing face masks. He also explained why the CDC didn’t initially suggest [Continued…]

Cumberland Advisors Market Commentary – COVID – 19: Health Recovery and Economic Recovery Go Hand in Hand

Author: Peter A. Gold, Esquire & Jeffrey P. Gold, MD, Post Date: April 20, 2020

COVID - 19: Health Recovery and Economic Recovery Go Hand in Hand There is a lot of competing information in circulation relating to the current coronavirus pandemic and there is now a rush to offer opinion on how to best reopen economies and communities in a safe manner. It is our honor and privilege to introduce you to the following authors who also happen to be brothers. [Continued…]

Cumberland Advisors Market Commentary – Sturm und Drang & Beethoven’s Pastoral

Author: David R. Kotok, Post Date: April 19, 2020

Sturm und Drang & Beethoven’s PastoralSurprisingly, the German term Sturm und Drang originated with the American Revolution in 1776. The term first appeared as the title of a play by Friedrich Maximilian Klinger. The setting of the play is the unfolding American Revolution, in which, says Wikipedia, “the author gives violent expression to difficult emotions and extols individuality and subjectivity [Continued…]

 

Cumberland Advisors Market Commentary – Narrow Banks

Author: Robert Eisenbeis, Ph.D., Post Date: April 17, 2020

Narrow Banks

In a move largely overlooked due to the virus pandemic, on March 25, Judge Andrew L. Carter, Jr., of the United States District Court for the Southern District of New York dismissed a case filed by principals of The Narrow Bank (TNB) against the Federal Reserve Bank of New York (https://www.tnbusa.com/wp-content/uploads/2020/03/2020.03.25-TNB-Order.pdf). What is The Narrow [Continued…]

Cumberland Advisors Market Commentary – Fed Goes to War

Author: David R. Kotok, Post Date: April 16, 2020

Fed Goes to War

The April 12, 2020, posting on the Money, Banking and Financial Markets site, entitled “The Fed Goes to War: Part 3,” expands on the discussion of the extraordinary measures taken recently by the Federal Reserve. Let me offer a personal endorsement: I find the site consistently and exceptionally helpful. Much has already been written about about this expansion of the Fed’s arsenal and the list of new facilities. Essentially, the playbook for last decade’s Great Financial Crisis has been reopened, and a whole new set of tools has been added. [Continued…]

 

The CDC Foundation

Author: David R. Kotok, Post Date: March 23, 2020

CDC Foundation Dr Judy Monroe & David KotokDear readers. The CDC Foundation is not widely known. It’s a 501(c)3 that was created by Congress as a special charitable agency. The Foundation works right alongside the CDC and other national health agencies but is an independent charity. It has a special-purpose charter. Its purpose is to respond rapidly to threats like COVID-19 or [Continued…]


 


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: 04/25/2020 arrow Watch Video arrow
Cumberland-Advisors-Week-In-Review-Update-Mar-13-2020-Matt

Cumberland Advisors Week in Review (Apr 13, 2020 – Apr 17, 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 Cumberland Advisors for this end-of-week update on market conditions, bonds & equities with me, Matt McAleer, and John Mousseau.

David Kotok also shot a video to accompany his commentary this week which you can see below.

I’m first up with my take on markets this week. I made it into the office with John Mousseau today though we sit about 50ft apart. We remain cautious and shoot our videos separately.

Next, John tackles the bond market. We’re still getting great feedback about the Federal Reserve’s unprecedented action last week. If you haven’t read it, Cumberland Advisors preceded their move with a public commentary and call to action entitled, “A Proposal for the Coronavirus Anticipation Note (CAN)” on April 01, 2020. Let us know what you think: https://www.cumber.com/cumberland-advisors-market-commentary-a-proposal-for-the-coronavirus-anticipation-note-can/

We all shot our own video this week and we appreciate you taking the time to join us.

Please reach out with any questions/comments you may have about this update, we always appreciate your calls, comments, and emails.

Watch in the player above or at this link: https://youtu.be/dkV9PjXfR6U

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

-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/

 


Cumberland Advisors In The News

Lots of Muni Bonds Are Going to Be Just Fine

by Barry Ritholtz – April 13, 2020

(Bloomberg Opinion) — In an extraordinary attempt to help the economy in the midst of the coronavirus economic downturn, the Federal Reserve’s balance sheet has ballooned to more than $6 trillion.

How this has affected fixed-income pricing, yield, risk and even trading is the subject of this week’s Masters in Business interview with John R. Mousseau, president, chief executive officer and director of fixed income at Cumberland Advisors. Mousseau also is the co-author of the book “Adventures in Muniland: A Guide to Municipal Bond Investing in the Post-Crisis Era.”

He notes the current slump is very different from the 2008-09 financial crisis. That event was driven by credit deterioration and mortgage defaults. Things only came to a head only after defaults soared and bond markets developed liquidity problems after the collapse of Lehman Brothers. In the fixed-income world today, the coronavirus pandemic is characterized mostly by economic paralysis, but so far not mass defaults.

Full story at Yahoo Finance: https://finance.yahoo.com/news/lots-muni-bonds-going-just-153254865.html

Court rules Puerto Rico residents eligible for SSI program

by Robert Slavin – April 14, 2020

A federal appeals court has upheld a decision that people in Puerto Rico are eligible for the Supplemental Security Income program.

As many as 700,000 people may be impacted by Friday’s ruling from the U.S. Court of Appeals for the First Circuit. The Social Security Administration runs SSI, which provides money to low-income people who are disabled, blind, or over 65. It also provides money to families with disabled children.
The appeals court ruling may impact as many as 700,000 people in Puerto Rico.Bloomberg News

Puerto Rico currently has a program jointly funded with the federal government that provides funds to these groups.

According to Jenniffer González-Colon, Puerto Rico’s non-voting representative in Congress, the average SSI beneficiary receives $553 monthly, whereas the average beneficiary under the Puerto Rico program receives $77 monthly. The maximum income permitted for an individual to qualify for SSI is $750 per month, compared to a maximum of $65 per month for the Puerto Rico program.

Cumberland Advisors Portfolio Manager Shaun Burgess said that he expected SSI to have more impact by allowing the local government to save money on the existing program than as a stimulus on the local economy. Cumberland owns insured Puerto Rico bonds.

Read the full story at The Bond Buyer: https://www.bondbuyer.com/news/court-rules-puerto-rico-residents-eligible-for-ssi-program

More News About Cumberland Advisors Here: https://www.cumber.com/news


Cumberland Advisors Market Commentary

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.

To read current and past commentaries, visit www.cumber.com/category/market-commentary/

 


Cumberland Advisors Market Commentary – Narrow Banks

Author: Robert Eisenbeis, Ph.D., Post Date: April 17, 2020

Narrow Banks

In a move largely overlooked due to the virus pandemic, on March 25, Judge Andrew L. Carter, Jr., of the United States District Court for the Southern District of New York dismissed a case filed by principals of The Narrow Bank (TNB) against the Federal Reserve Bank of New York (https://www.tnbusa.com/wp-content/uploads/2020/03/2020.03.25-TNB-Order.pdf). What is The Narrow [Continued…]

Cumberland Advisors Market Commentary – Fed Goes to War

Author: David R. Kotok, Post Date: April 16, 2020

Fed Goes to War

The April 12, 2020, posting on the Money, Banking and Financial Markets site, entitled “The Fed Goes to War: Part 3,” expands on the discussion of the extraordinary measures taken recently by the Federal Reserve. Let me offer a personal endorsement: I find the site consistently and exceptionally helpful. Much has already been written about about this expansion of the Fed’s arsenal and the list of new facilities. Essentially, the playbook for last decade’s Great Financial Crisis has been reopened, and a whole new set of tools has been added. [Continued…]

Cumberland Advisors Market Commentary – A Very British Affair — Living with COVID-19 in the UK

Author: Kevin Humphreys, Post Date: April 15, 2020

A Very British Affair — Living with COVID-19 in the UK

Kevin Humphreys is a long-time commentary subscriber from the other side of the pond. He is a London-based independent financial market analyst and commentator with 23 years of trading and management in tier 1 UK banks followed by another 10 years in broking, management and market analysis roles, specializing in Eurozone and UK markets. Kevin [Continued…]

Cumberland Advisors Market Commentary – Governors and the States

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

Market Commentary - Cumberland Advisors - Governors and the States“Governor Gavin Newsom said that he would use the bulk purchasing power of California ‘as a nation-state’ to acquire the hospital supplies that the federal government has failed to provide. If all goes according to plan, Newsom said, California might even ‘export some of those supplies to states in need.’ “‘Nation-state.’ ‘Export.’ “Newsom is accomplishing [Continued…]

Cumberland Advisors Commentary – The Biblical Rembrandt

Author: David R. Kotok, Post Date: April 12, 2020

Rembrandt - Christ Before Pilate

In Amsterdam in 1632 , a talented young artist, Rembrandt Harmenszoon van Rijn, was commissioned to produce five etchings of biblical scenes. Rembrandt was born in 1606 and this was his breakthrough engagement, at age 26. His patron was Stadtholder Frederik Hendrik, Prince of Orange, the Dutch sovereign. Rembrandt was inspired by Rubens’s altarpiece in [Continued…]

Cumberland Advisors Market Commentary – Repos Revisited

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

Market Commentary - Cumberland Advisors - Repos RevisitedOn March 12, a Wall Street Journal headline announced, “Fed to Inject $1.5 Trillion in Bid to Prevent ‘Unusual Disruptions’ in Markets” (https://www.wsj.com/articles/fed-to-inject-1-5-trillion-in-bid-to-prevent-unusual-disruptions-in-markets-11584033537). The inference was that the Fed was embarking upon a massive injection of funds into short-term money markets. That is, the first three offerings of $500 billion each were but the first [Continued…]

Cumberland Advisors Guest Commentary – Timely Data Matters

Author: Samuel E. Rines, Post Date: April 8, 2020

Guest Commentary - Timely Data MattersMy friend and Camp K veteran, Sam Rines ( Chief Economist at Avalon Investment and Advisory), has an excellent discussion on high frequency data and how critical it is in the current environment. He is kind enough to give us permission to share the entire piece entitled, “Timely Data Matters,” with our readers. Thank you, [Continued…]

Cumberland Advisors Market Commentary – WW2 versus WWC: The Doolittle Moment

Author: David R. Kotok, Post Date: April 7, 2020

WW2 versus WWC - The Doolittle Moment 1280x720

We’re going to look at World War 2 (WW2) versus the World War COVID-19 (WWC) events now unfolding and see what we can glean about markets, economies, interest rates, inflation rates, and the overall outlook. Let’s start with the stock market. We expect this will be a multi-part series. Below is a chart that shows [Continued…]

The War in Europe

Author: William Witherell, Ph.D., Post Date: April 3, 2020

The War in EuropeDuring the first quarter of 2020, Europe once again found itself to be in the center of a global war, this time against an invisible, very deadly enemy, the virus SARS-CoV-2, which causes COVID-19. At the end of the quarter, on March 31, the 19 countries of the Eurozone had 359,296 confirmed cases of the [Continued…]

The CDC Foundation

Author: David R. Kotok, Post Date: March 23, 2020

CDC Foundation Dr Judy Monroe & David KotokDear readers. The CDC Foundation is not widely known. It’s a 501(c)3 that was created by Congress as a special charitable agency. The Foundation works right alongside the CDC and other national health agencies but is an independent charity. It has a special-purpose charter. Its purpose is to respond rapidly to threats like COVID-19 or [Continued…]


John Mousseau will be part of a MoneyShow presentation next week (Apr 23, 2020 1:00 PM – 7:30 PM EDT) and his talk will be Bond Markets Through the Coronavirus. He’ll cover analysis of treasury, taxable, and municipal markets, federal monetary policy, and administration of fiscal policy. More info, talks by other speakers, and registration can be found here: Resetting Your Portfolio in a Changing World


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: 04/18/2020 arrow Watch Video arrow

A Quick Note from David R. Kotok

David checks in with this self-shot video update to tell you how things are humming along at Cumberland Advisors and some of what we have in store for you in upcoming Market Commentary.

Please stay safe and healthy as best you can.

 


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: 04/06/2020 arrow Watch Video arrow
Cumberland-Advisors-Matt-McAleer-Weekly-Update

Cumberland Advisors Week in Review (Mar 30, 2020 – Apr 03, 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 Cumberland Advisors for this end-of-week update on market conditions, bonds & equities with Matt McAleer and John Mousseau.

We’re in full social distancing mode this week, doing our part to combat COVID-19/Coronavirus.

First up is Matt McAleer with his thoughts on equities.

Next up is John Mousseau and his analysis of the fixed income / bond market.

Both gentlemen shot their own video this week and we expect to build upon this experience and get even better at producing our updates in a distributed fashion for you. Thanks for joining us.

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

Watch this week’s update in the player above or at this link: https://youtu.be/7EabFgH8BYw

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

-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/

 


Cumberland Advisors In The News

Cumberland proposes new cash-flow anticipation note to help issuers fight coronavirus

State and local governments are facing a cash-flow crunch under the present emergency conditions, which limit or eliminate many reveue streams. Cumberland argues that this type of short-term security would help alleviate the problem and let municipalities recover more quickly once the danger had passed and things return to normal.

Full story at The Bond Buyer (paywall): https://www.bondbuyer.com/news/cumberland-proposes-new-cash-flow-anticipation-note-to-help-issuers-fight-coronavirus

More News About Cumberland Advisors Here: https://www.cumber.com/news


Cumberland Advisors Market Commentary

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.

To read current and past commentaries, visit www.cumber.com/category/market-commentary/


The War in Europe

Author: William Witherell, Ph.D., Post Date: April 3, 2020

The War in Europe During the first quarter of 2020, Europe once again found itself to be in the center of a global war, this time against an invisible, very deadly enemy, the virus SARS-CoV-2, which causes COVID-19. At the end of the quarter, on March 31, the 19 countries of the Eurozone had 359,296 confirmed cases of the [Continued…]

China’s Healthcare & Economy in the Aftermath of COVID-19

Author: David R. Kotok, Post Date: April 2, 2020

China’s Healthcare & Economy in the Aftermath of COVID-19 Dear Readers, While the United States and much of the world outside of Asia is still trying to “flatten the curve” in response to the coronavirus pandemic, China is posturing itself for a quick comeback. Can we believe their numbers and agree that their virus-response methodology was effective? USA Today along with Andy Mok, a [Continued…]

A Proposal for the Coronavirus Anticipation Note (CAN)

Author: David R. Kotok & John R. Mousseau, Post Date: April 1, 2020

A Proposal for the Corona Anticipation Note (CAN) John Mousseau and I have combined our professional experience with our views of the municipal finance market. With the help of our Cumberland staff, we want to offer a format for immediate assistance designed to address urgent state and local government financing problems. This proposal is only a framework. There are many skilled professionals who [Continued…]

One Less Worry?

Author: Robert Eisenbeis, Ph.D., Post Date: March 31, 2020

Cumberland Advisors Market Commentary - One Less Worry (Eisenbeis) It is tempting to focus on the here and now, especially when we are worrying about the economic fallout from the coronavirus pandemic and its impact on the nation. We are withdrawing from social contact and are concerned about all sources of risks. We have seen reports of people sanitizing cash as one way of [Continued…]

Cumberland Advisors Guest Commentary – Maybe the World is not Ending!

Author: Michael Drury, Post Date: March 30, 2020

Michael-Drury-McVean-Trading-Header Dear Readers: Mike Drury is past chair of the Global Interdependence Center, a skilled economist and a personal friend. He is not in the “world is coming to the end” camp. He has given me permission to run his entire weekend piece. Enjoy! -David Kotok Will second quarter NOMINAL GDP be positive? (Yes, that is [Continued…]

The Ringling Bridge

Author: David R. Kotok, Post Date: March 29, 2020

Dear Readers, In Sarasota, when twilight comes to Sarasota Bay, the lighting under the Ringling Bridge is usually rotating and alternating colors. The light used to be too bright, and the glare invaded the night sky. But now, and after enough complaints from locals, the powers that decide these things adopted a less glaring and [Continued…]

Why States Are Not Going to Default from the Coronavirus Fallout

Author: Patricia Healy, CFA, Post Date: March 27, 2020

Market Commentary - Cumberland Advisors - Why States Are Not Going to Default from the Coronavirus Fallout In our opinion this is a short-term shock, although it will likely change some behaviors for the long term that will need to be monitored. The initial concern is liquidity, not just in the bond market but also at the state level, where tax payment dates have been extended and economically sensitive revenues such as [Continued…]

 

The Muni Meltdown Timeline (and the Opportunity It Presents)

Author: John R. Mousseau, CFA, Post Date: March 26, 2020 CA-Market-Commentary-The Muni Meltdown Timeline (and the Opportunity It Presents) The Municipal Bond Market has suffered one of the most dramatic back-offs it has ever seen; and it was accomplished in about nine business days. The rise in yields has been dramatic and fierce and had lots of elements to it. This is a quick synopsis of some of the muni meltdown. As of Monday [Continued…]

The CDC Foundation

Author: David R. Kotok, Post Date: March 23, 2020

CDC Foundation Dr Judy Monroe & David Kotok Dear readers. The CDC Foundation is not widely known. It’s a 501(c)3 that was created by Congress as a special charitable agency. The Foundation works right alongside the CDC and other national health agencies but is an independent charity. It has a special-purpose charter. Its purpose is to respond rapidly to threats like COVID-19 or [Continued…]

 

Cumberland Advisors Guest Commentary – Is There A COVID-19 Signal in Climate Data & Is It Potential Good News for Florida?

Author: Bob Bunting, Post Date: March 20, 2020

Is There A COVID-19 Signal in Climate Data & Is It Potential Good News for Florida - Bunting Our colleague Bob Bunting, meteorologist, professor, and former executive at both the National Oceanic and Atmospheric Administration (NOAA) and the National Center for Atmospheric Research (NCAR), is CEO of the Climate Adaptation Center (CAC) here in Sarasota, Florida. Bob has contributed several guest commentaries to Cumberland in recent years, including “It’s Hot and Getting Hotter [Continued…]


Cumberland Advisors - Camp Kotok China Panel DiscussionNo lectern, no PowerPoint. The China Panel is public and in the public domain. The press and public are free to use the video footage and quote the speakers across social media and elsewhere.

The August 2019 China panel held at Camp Kotok packed an extraordinary amount of valuable information into a half hour and is well worth the time you’ll spend to view it: https://youtu.be/Sff0AGPrIJQ

This Camp Kotok talk session features panelists Michael Drury (Chief Economist for McVean Trading & Investments, LLC.), Jonathan D. T. Ward (Founder of Atlas Organization), & Leland Miller (CEO China Beige Book), all offering their take on U.S.-China relations. The panel and audience Q&A are guided by moderator, Lisa McIntire Shaw. <More…>


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: 04/04/2020 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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