Tag Archives: Europe


Cumberland Advisors Market Commentary – The War in Europe

Author: William Witherell, Ph.D., Post Date: April 3, 2020
The War in Europe

During the first quarter of 2020, Europe once again found itself to be in the center of a global war, this time against an invisible, very deadly enemy, the virus SARS-CoV-2, which causes COVID-19. At the end of the quarter, on March 31, the 19 countries of the Eurozone had 359,296 confirmed cases of the […]

EU Election: Negative But Could Have Been Worse

Author: William Witherell, Ph.D., Post Date: June 3, 2019
Market Commentary - Cumberland Advisors - EUROPE MAP

The results of the European Union’s Parliamentary elections, held the last weekend in May, were welcomed by investors as being not as bad as many had feared. A broad populist and nationalist anti-EU surge, which had looked possible, was avoided. Pro-EU lawmakers will continue to be in a clear majority, aided by gains by green […]

The Global Economy Moderation & International Equity Markets

Author: William Witherell, Ph.D., Post Date: December 18, 2018
Market Commentary - Cumberland Advisors - The Global Economy Moderation and International Equity Markets

As 2018 draws to a close, economic growth in almost all economies, including that of the US, is moderating but is still expansionary and in most cases remains above long-term trends.   For the year 2018 as a whole, global growth looks likely to be the same as for 2017, 3.7%, with advanced economies advancing […]

Eurozone Equity Markets Face Political Headwinds

Author: William Witherell, Ph.D., Post Date: November 30, 2018
Market Commentary - Cumberland Advisors - Eurozone Equity Markets Face Political Headwinds

Eurozone equity markets have had a difficult year thus far, losing some 13.2% as of November 28, as measured by the iShares MSCI Eurozone ETF, EZU. While a slowing economy and a 6% weakening of the euro offer a partial explanation of the US-dollar return from these markets, a number of political uncertainties appear to […]

BREXIT Breakthrough Followed by Threat of Breakdown

Author: William Witherell, Ph.D., Post Date: November 16, 2018

On November 13, British Prime Minister Theresa May and her Brexit negotiating team reached agreement with the European Union (EU) negotiators on a draft withdrawal treaty. The next day, after a very difficult five-hour meeting, May secured the agreement of her cabinet. Following the cabinet meeting, she told reporters “The choice before us is clear: […]

Europe’s Migration Crisis

Author: Bill Witherell, Post Date: December 15, 2015
Market Commentary - Cumberland Advisors - Europe's Migrant Crisis

We have received thoughtful feedback to my commentary “Terrorism and France’s Economy and Equity Market” and David Kotok’s commentaries “Warnings” and “Warnings 2.” One reader based in England, whom we know personally but who prefers to remain anonymous, stressed the importance for the United Kingdom and Europe of the current and prospective mass migrations from […]