Tag Archives: David R. Kotok


Cumberland Advisors Market Commentary – America’s Birthday

Author: David R. Kotok, Post Date: July 4, 2020
Happy Birthday America

We celebrate America’s birthdate on July 4. For the great document declaring our independence to become a new kind of nation, we say “thank you” to Thomas Jefferson, author, and Benjamin Franklin, editorial consultant. During a seminar years ago at the National Constitution Center in Philadelphia, I was fortunate enough to participate in a lengthy […]

COVID-19, Opening Up Business and Facing Facts

Author: David R. Kotok, Post Date: July 2, 2020
Market Commentary - Cumberland Advisors - COVID-19, Opening Up Business & Facing Facts

David R. Kotok Chairman of the Board & Chief Investment Officer Email | Bio In January 1944, General Eisenhower’s headquarters sent a top secret message to the US military’s weather planning service. It said something like, “We need your long-range weather forecast for June 1–10, 1944, for the coastal regions of Normandy.” The weather service […]

Cumberland Advisors Market Commentary –  Forrest Gump Responses

Author: David R. Kotok, Post Date: June 25, 2020

We’ve been compiling responses to our commentary on Forrest Gump’s advice. For those who missed it, here’s the link: https://www.cumber.com/cumberland-advisors-commentary-forrest-gumps-advice/. Now some quotes from readers. Bruce wrote: “Thanks for your Forrest Gump moment. Your most revealing sentence in all of this missive is ‘people are now required to take full responsibility for their own personal […]

Cumberland Advisors Market Commentary –  Update from ECRI

Author: David R. Kotok, Post Date: June 24, 2020
Market Commentary - Cumberland Advisors - A Nasty, Short and Bitter Recession (ECRI)

“A Nasty, Short and Bitter Recession”: An Update First: here’s some very important history; then, the updated forecast! The Economic Cycle Research Institute (ECRI) specializes in “calling cycle turning points in economic growth and inflation” and has a long, exemplary history of getting those forecasts right (https://www.businesscycle.com). Cofounded by the late Geoffrey H. Moore, winner […]

Cumberland Advisors Market Commentary –  Loretta Mester Interview

Author: David R. Kotok, Post Date: June 19, 2020
Fed president & CEO Loretta Mester On Demand Interview

Loretta Mester has a distinguished, multi-decade career with the Federal Reserve. She currently serves as president and CEO of the Federal Reserve Bank of Cleveland, votes on the FOMC, and immerses herself deeply in the issues of America’s banks and financial institutions. She agreed to an extended and detailed hour-long discussion with GIC. Here’s the […]

Cumberland Advisors Market Commentary –  Happy Birthday to Cumberland

Author: David R. Kotok, Post Date: June 18, 2020
Market Commentary - Cumberland Advisors - Happy Birthday to Cumberland

June 18, 2020, is the 47th anniversary of the founding of Cumberland Advisors. My co-founding partner, the late Sheldon “Shep” Goldberg, and I had completed the filing with the Securities & Exchange Commission by mail. We complied with all appropriate rules. We used a special law firm whose expertise was needed in those days. And we […]

Instant View: Wall Street backslides on economic gloom, uptick in virus cases

Author: , Post Date: June 12, 2020

Instant View: Wall Street backslides on economic gloom, uptick in virus cases Reuters – June 12, 2020 Excerpt below: NEW YORK (Reuters) – Wall Street indexes nosedived on Thursday, on track for their worst days since early in the coronavirus pandemic as investors reassessed a stocks resurgence after the Fed issued a gloomy growth forecast […]