Tag Archives: David R. Kotok

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Cumberland Advisors Market Commentary – Warren?

Author: David R. Kotok, Post Date: October 14, 2019
Market Commentary - Cumberland Advisors - “You can’t make this stuff up” by Suzanne Greenberg

Elizabeth Warren (@ewarren) “On my first day as president, I will sign an executive order that puts a total moratorium on all new fossil fuel leases for drilling offshore and on public lands. And I will ban fracking—everywhere.” (Twitter, 4:26 PM, Sep 6, 2019) Elizabeth Warren’s increasing political strength relative to Joe Biden’s is leading […]

Bloomberg-Expect Markets to go Higher – Kotok (Radio)

Author: David R. Kotok, Post Date: October 13, 2019
Cumberland's David Kotok on Bloomberg Radio

Cumberland Advisors’ David R. Kotok says the moves we have heard on trade are lacking in substance, but the market has still been given some comfort. He goes on to his expectations for a strengthening energy sector. Running time 07:07 – Play Episode: https://www.bloomberg.com/news/audio/2019-10-14/expect-markets-to-go-higher-kotok-radio If you’ve enjoyed this exchange, please feel free to explore other […]

Cumberland Advisors Market Commentary – Wealth Tax

Author: David R. Kotok, Post Date: October 9, 2019
Wealth Tax

Democratic presidential candidates Castro, Sanders, and Warren have explicitly sponsored wealth taxation. Readers may view the candidates’ proposals at their campaign websites: Castro: https://issues.juliancastro.com/working-families-first/ Sanders: https://berniesanders.com/issues/tax-extreme-wealth/ Warren: https://elizabethwarren.com/plans/ultra-millionaire-tax A New York Times article published last week considers the economic implications of both Sanders’ and Warren’s proposals: “Democrats’ Plans to Tax Wealth Would Reshape the U.S. […]

Cumberland Advisors Market Commentary – Impeachment

Author: David R. Kotok, Post Date: October 3, 2019
David R. Kotok

Impeachment is a political process. We watch it unfold with strenuous claims and counterclaims, as we did with the Nixon and Clinton episodes. We are writing about it because it impacts markets: Political outcomes impact policy, and that is where impeachment intersects markets. With the Clinton debacle, policy was little changed; but with the Nixon […]

Cumberland Advisors Market Commentary – Brazil & Amazon Fires Part 2

Author: David R. Kotok, Post Date: September 20, 2019
Market Commentary - Cumberland Advisors - Brazil & Amazon Fires Part 2

Many wrote in response to our discussion of the Amazon fires and Brazilian policy. In our original piece, http://www.cumber.com/cumberland-advisors-market-commentary-brazil-amazon-fires/, we were careful to cite sources. We thank all those who sent references and facts and thoughtful answers. A few readers lashed back at us. What I care about in this instance and in others is […]

Cumberland Advisors Market Commentary – 3Q19 Review – US Equity ETF

Author: David R. Kotok, Post Date: September 18, 2019
Cumberland Advisors - Quarterly Review - US ETF

Volatility and uncertainty characterized the third quarter of 2019. For the first two months the markets were buffeted by China trade war effects and threats, geopolitical uncertainty (Iran, North Korea), turnover in the Trump Administration (Bolton), tweets bashing the Fed (Trump), negative interest rates spreading worldwide ($17 trillion, mostly Europe). By the end of August, […]

Cumberland Advisors Market Commentary – Saudi Drone Attack- Market Shock!

Author: David R. Kotok, Post Date: September 14, 2019
Market Commentary - Cumberland Advisors - Oil Disruption - System Shock

Bloomberg tweeted early this morning: “BREAKING: Saudi Aramco executives are having an emergency meeting after 10 explosive drones attacked the heart of the kingdom’s energy industry.” (https://twitter.com/business/status/1172876148419829760?s=11) Bullets: 1.  There is evidence of a second large-scale Iranian drone. The US shot down the first one. Saudis were hit by this one. How many were launched? […]

Cumberland Advisors Market Commentary – Nine-Eleven

Author: David R. Kotok, Post Date: September 11, 2019
September 11th - David Kotok - Cumberland Advisors

It’s that date again. Those of my economist friends who escaped the South Tower, as I did, still share special bonds with each other. We were attending the annual conference of NABE (National Association for Business Economics) which, by coincidence, was at the World Trade Center in New York that year. Many of us still […]