Since 1973, Cumberland Advisors has been a trusted source for market expertise, personal service, and individual and institutional money management. We are an independent, fee-for-service money management firm managing over $3 billion in assets.
“All politics is local,” Tip O’Neill famously observed. (In fact, this former Speaker of the House wrote a book by that title.) As the next chapter of COVID-19 and election-year politics take us closer to the November deadline, we believe that the school-opening issue is a new major influence. Scenario 1: Schools are opened with minimal […]
Highlands News Sun – COVID-19: Florida vs. Taiwan August 08, 2020 – By David R. Kotok, Guest columnist Excerpt: On July 11, in a COVID-19 briefing held at Blake Medical Center in Bradenton, Florida, Gov. Ron DeSantis bragged about the amount of coronavirus testing Florida has done compared to Taiwan. He said, “We’ll go over […]
July Jobs Report: Better Than Expected, Better Than Feared Excerpt from Barron’s – August 07, 2020 A portion of William Witherell, Ph.D.’s commentary, Why Investors Are Looking at Taiwan, was incorporated into Barron’s collective piece, “July Jobs Report: Better Than Expected, Better Than Feared“. This commentary was issued recently by money managers, research firms, and […]
Consider a place that has had only 476 Covid-19 cases and just 7 deaths. This sounds like a rural town in the US with a small population and good access to medical care. Actually, it is Taiwan, a small country in Asia with a very dense population of 23.6 million people, situated about 100 miles […]
“The first time it’s a novelty. The second time, people know what they’re in for and are less willing to take another hit. The virus is exposing socioeconomic fault lines: it’s harder to stay home with a head cold if you work casual shifts for minimum wage and can’t afford to miss a few days.” […]
For the next 100 days or so, the growing focus on the US election may drive news flows and alter markets. Remember, though, there is a chasm between what polls are saying now and what markets are pricing as expectations for tomorrow. Most market agents are looking at 2021 and are now focused on a […]
Favor Asia Economies That Are Managing Pandemic: Kotok (Radio) July 30, 2020 – Running time 06:26 David Kotok, Chairman & Chief Investment Officer at Cumberland Advisors, on fiscal stimulus, the pandemic, and current investment outlook. Hosted by Paul Sweeney and Vonnie Quinn. LISTEN HERE: https://www.bloomberg.com/news/audio/2020-07-30/favor-asia-economies-that-are-managing-pandemic-kotok-radio NOTE: Links to other websites or electronic media controlled or […]
“In practice, the Fed has never adopted operating procedures designed to control reserves in order to use the money multiplier relationship to control deposits.” (Goodfriend and Hargraves, “A Historical Assessment of the Rationales and Functions of Reserve Requirements,” Source: https://www.richmondfed.org) In response to the pandemic crisis, the Federal Reserve has cut the federal funds rate […]
A Duel Over Data (Or, Three Cheers for Rebekah Jones) On April 20, 2020, Dr. Deborah Birx, response coordinator for the White House Coronavirus Task Force, praised the Florida Department of Health website for its useful detail: “The Florida Department of Health’s website is extraordinary, and this is what every department of health should have…. […]
TREASURIES-Yields fall ahead of TIPS auction Reuters – July 23, 2020 – by Karen Pierog Excerpt below: CHICAGO, July 23 (Reuters) – U.S. Treasury yields on the longer end of the yield curve drifted lower on Thursday as stocks fell and the market awaited an auction of $14 billion of 10-year Treasury-Inflation Protected Securities (TIPS). […]
