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.
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 […]
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 […]
Read to learn more about the thinking behind Cumberland Advisors’ positioning of portfolios and how we execute strategies in our Q3 Reviews.
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. […]
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 […]
“Absent a war or further attacks on Saudi facilities – both of which remain possibilities – this past week’s events now look like a blip in a longer-term bearish pattern for oil prices and stocks. Energy makes up less than 5% of the S&P 500 index’s market cap, the lowest level in at least 40 […]
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 […]
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, […]
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? […]
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 […]
