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.
Bloomberg Markets: The Close Full Show with David R. Kotok March 25th, 2020 Scarlet Fu and Romaine Bostick bring you the latest news and analysis leading up to the final minutes and seconds before the closing bell on Wall Street and tackle the market volatility from coronavirus fears, the impact of different industries and the […]
Tuesday morning March 9, the Federal Reserve Bank of New York announced an increase in the current monthly schedule of repo transactions designed to deal with short-term liquidity problems for primary dealers and certain other market participants: from $100 billion to $150 billion in overnight repos and for two-week term repos from $20 billion to […]
On Tuesday morning, shortly after the market opened, the Fed did what other central banks concerned about the coronavirus didn’t do, and that was cut its policy rate. Not only did it cut the rate, it did so by 50 basis points, dropping its policy rate to the range of 1%–1.25%. As the chart below […]
The ETF Experience – Phil Bak joins David Kotok for conversation during Inside ETFs (Radio-Podcast) Show notes: Phil Bak sits down with David Kotok for an outdoor conversation during the Inside ETFs 2020 conference. They talk about David’s career, investment principles, Cumberland Advisors, and the state of the economy. Conversation highlights include: Launching Cumberland just […]
Inside ETFs – A breakdown of zero interest-rate policy (ZIRP) David Kotok, co-founder of Cumberland Advisors explains what ZIRP means for your clients and why you should pay attention to being at zero. Feb 25, 2020 Links to other websites or electronic media controlled or offered by Third-Parties (non-affiliates of Cumberland Advisors) are […]
Bloomberg – Fed Leaves Main Rate Unchanged, Saying Policy Is Appropriate – Kotok (Radio) Show notes The Federal Reserve kept its benchmark interest rate steady and continued to signal policy would stay on hold for the time being as the U.S. enters a presidential election year. To discuss the news is Bloomberg News Global Economics […]
Bloomberg TV – Daybreak Asia October 30, 2019 Robert Eisenbeis, vice chairman and chief monetary economist at Cumberland Advisors, discusses the potential for another Fed rate cut in December and beyond and his thoughts on communication from the central bank. He speaks on “Bloomberg Daybreak: Asia.” (Source: Bloomberg) WATCH HERE (or click the embedded […]
In early September 2019 there was an unusual spike in rates in the repurchase (“repo”) market causing a liquidity squeeze on broker-dealers that use repos to finance their portfolios of Treasury and agency securities. It remains a mystery as to what catalyzed the liquidity squeeze. The response by the Federal Reserve Bank and market participants […]
The week of September 16 saw the Federal Reserve Bank of New York inject funds into the repo market in response to an unusual spike in rates that was above the initial target range for the federal funds rate of 2.0–2.25%. (The target rate was lowered to 1.75–2.00% after the close of the FOMC’s meeting […]
We wrapped up our Labor Day Camp Kotok with a round of excellent on-the-record discussions that we’re happy to share with you here. David Kotok and Charles Plosser at Camp Kotok: The Challenges Facing Central Banks David Kotok and Christopher Whalen at Camp Kotok: Capital Markets, Debt and Deflation David Kotok and Doug Duncan at […]
