Tag Archives: Federal Reserve Bank

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Cumberland Advisors Market Commentary – Not As It Seems

Author: Robert Eisenbeis, Ph.D., Post Date: December 1, 2020
Cumberland Advisors Market Commentary - Not As It Seems (Eisenbeis)

On November 19, Treasury Secretary Mnuchin sent a letter to the Federal Reserve Board requesting a 90-day extension of several Fed programs to provide liquidity to financial markets, including the Commercial Paper Funding Facility, the Primary Dealer Credit Facility, the Money Market Liquidity Facility, and the Paycheck Protection Liquidity Facility. Those programs were backstopped by […]

Cumberland Advisors Market Commentary – Fed Vacancies – the Dilemma As of 11/23/2020

Author: Robert Eisenbeis, Ph.D., Post Date: November 23, 2020
Federal Reserve Building

As the Biden administration begins to float the names of potential cabinet members, an interesting scenario and potential dilemma faces the Federal Reserve Board. Normally, there are seven members of the Federal Reserve Board, but at present there are only five, with two vacant positions. One vacancy has existed since March 2014 when Sarah Bloom […]

Cumberland Advisors Market Commentary – Wave Bye to Blue Wave – Bonds

Author: John R. Mousseau, CFA, Post Date: November 4, 2020
Market Commentary - Cumberland Advisors - Wave Bye to Blue Wave – Bonds

Though we are still sorting out last night’s election, the so-called “blue wave” of a Democratic sweep of the White House, Senate, and House of Representatives didn’t happen. At this hour, the White House is still not decided; it appears the Senate will NOT switch and will stay Republican; and the Republicans made a few […]

Cumberland Advisors Market Commentary – Q&A with Christopher Whalen

Author: David R. Kotok, Post Date: October 27, 2020
Market Commentary - Cumberland Advisors - Q&A with Chris Whalen

Christopher Whalen is a longtime friend and confidant, so this interview with him inevitably reflects the sorts of biases that result from engaging, enlightening conversations over many years. Many know Chris from TV appearances or press quotes or social media commentary. Others may know his three successful books: Inflated: How Money and Debt Built the […]

WaPo – In a bleak economy, these companies are flourishing

Author: , Post Date: August 12, 2020
Cumberland-Advisors-David-Kotok-In-The-News

The coronavirus pandemic is reshaping spending patterns, creating new winners and losers By David J. Lynch – The Washington Post – August 11, 2020 Excerpt below: Amid the second-quarter carnage that included gross private investment plunging by nearly one-half and consumption expenditures falling by more than one-third, Americans increased spending on just a few categories, […]

Cumberland Advisors Market Commentary – More on Fed Liquidity and Lending Programs

Author: Robert Eisenbeis, Ph.D., Post Date: July 10, 2020
Market Commentary - Cumberland Advisors - More on Fed Liquidity and Lending Programs (Eisenbeis)

The Federal Reserve continues to support financial markets, including the commercial paper market, the repo market, the municipal securities market, money market mutual funds, central bank liquidity swaps, and primary dealers. This is in addition to the usual discount window facility that provides credit to commercial banks. In many cases there are either published maximums […]

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

Author: , Post Date: June 12, 2020
Cumberland-Advisors-David-Kotok-In-The-News

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 […]

Dow plunges nearly 3,000 points as Fed intervention does little to subdue Wall Street’s distress

Author: , Post Date: March 17, 2020
Cumberland-Advisors-David-Kotok-In-The-News

Dow plunges nearly 3,000 points as Fed intervention does little to subdue Wall Street’s distress U.S. markets went deep red on coronavirus fears, shredding roughly 12 percent from the S&P 500 and Nasdaq By David J. Lynch – The Washington Post – March 16, 2020 Excerpt below: Fears that policymakers have not done enough to […]