Tag Archives: COVID-19

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Cumberland Advisors Market Commentary – Q&A with Christopher Whalen

Author: David R. Kotok, Post Date: October 27, 2020
Market Commentary - Cumberland Advisors - Q&A with Chris Whalen

Christopher Whalen is a longtime friend and confidant, so this interview with him inevitably reflects the sorts of biases that result from engaging, enlightening conversations over many years. Many know Chris from TV appearances or press quotes or social media commentary. Others may know his three successful books: Inflated: How Money and Debt Built the […]

Cumberland Advisors Market Commentary – Florida: Desantis, Disease, Deaths, Schools

Author: David R. Kotok, Post Date: October 25, 2020
David-Kotok-Quote-Florida - Desantis, Disease, Deaths, Schools v2-2020

The DeSantis administration’s official COVID-19 track record in Florida shows more than 840,000 confirmed COVID-19 disease cases and 16,470 dead among Florida residents as of Thursday, October 22 (https://coronavirus.jhu.edu/us-map). We have only crude estimates of how many people may have caught the SARS-CoV-2 virus in Florida and taken it with them to someplace else. Ron […]

Cumberland Advisors Market Commentary – Three Items to Consider

Author: David R. Kotok, Post Date: October 11, 2020
Market Commentary - Cumberland Advisors - Three Items to Consider

Item 1. My friend Nick Colas of DataTrek sent along a link to a Lapham’s Quarterly piece by Francine Prose that dives deeply into previous pandemics around the world and draws some surprising parallels with the way our present political establishment has managed the pandemic. The author says, “What’s so startling about the texts and […]

Cumberland Advisors Market Commentary – Hope – An Update

Author: Robert Eisenbeis, Ph.D., Post Date: October 2, 2020
Cumberland Advisors Market Commentary - Hope – An Update - Robert-Eisenbeis, Ph.D.

Our commentary “FOMC: Hope Now Seems to Be a Strategy” (https://www.cumber.com/cumberland-advisors-market-commentary-fomc-hope-now-seems-to-be-a-strategy/) focused on the FOMC’s latest decision to keep its target for the federal funds rate between 0–.25%, to change its strategy for policy going forward to focus on shortfalls in labor markets from what the Committee perceives to be full employment, and to shift […]

Cumberland Advisors Market Commentary – UK Facing Virus Second Wave and Brexit Deadline

Author: William Witherell, Ph.D., Post Date: September 29, 2020
Market Commentary - Cumberland Advisors - UK Facing Virus Second Wave and Brexit Deadline

United Kingdom stocks are underperforming the Eurozone markets as the nation faces the double challenges of an upsurge in virus infections and time running out in the deadlocked negotiations with the EU on Brexit. Over the past three months through September 24, the iShares MSCI United Kingdom ETF, EWU, lost 5.0% on a total return […]

Cumberland Advisors Market Commentary – CIO Overview & Outlook

Author: David R. Kotok, Post Date: September 28, 2020
David R. Kotok

The second quarter of 2020 saw the worst quarterly decline in economic terms since the Great Depression of the 1930s. The US economy literally fell off the COVID cliff. This downdraft side of a very sharp “V” has already made an economic bottom. (It was foretold by the March 23 low in the stock market.) […]

Cumberland Advisors Market Commentary – Bipartisan House Members: “Enough Is Enough”

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

The bipartisan House Problem Solvers Caucus (https://problemsolverscaucus-gottheimer.house.gov), led by Reps. Josh Gottheimer (D-NJ) and Tom Reed (R-NY) includes around 50 House members, both Republicans and Democrats. They have proposed a US pandemic aid package that amounts to $1.5 trillion and continues unemployment aid at $450/week, increasing over time to $600/week but not to exceed a […]

Cumberland Advisors Market Commentary – JOLTS – July

Author: Robert Eisenbeis, Ph.D., Post Date: September 16, 2020
Cumberland Advisors' Robert "Bob" Eisenbeis, Ph.D.

The BLS Job Openings and Labor Turnover Survey (JOLTS) data come out with a lag, so we are now just getting a look at the July numbers. They do, however, help fill in some of the labor dynamics that are occurring within the economy as we adjust to the COVID-19 pandemic shock. We know that […]

Cumberland Advisors Market Commentary – Florida Schools & Florida’s Businesses?

Author: David R. Kotok, Post Date: September 13, 2020
Cumberland Advisors Market Commentary - Florida Schools & Florida's Businesses

Dear snowbirds and tourists: There is no question that Florida’s businesses, restaurants, hotels, fishing guides, and theme parks need you and want you. It’s simple, our state economy depends on visitors, and we want you to come and we want you to spend your money. We’re hurting. Some have asked us about visiting us at […]

Cumberland Advisors Market Commentary – 9/11 & COVID-19

Author: David R. Kotok, Post Date: September 11, 2020
Cumberland Advisors Market Commentary - 911 & COVID-19

Nineteen years ago, September 11, 2001: 7:59 am: American Airlines Flight 11 departed Boston for Los Angeles. 8:14 am: United Airlines Flight 175 departed Boston for Los Angeles. 8:20 am: American Airlines Flight 77 departed Washington DC for Los Angeles. 8:42 am: United Airlines Flight 93 departed Newark for San Francisco. 8:46 am: American Airlines […]