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.
With the presidential election a month away, we start to mull over what the bond market might look like post-election day. While most polls have Vice-President Biden ahead by 6–7% points, we know the race has the potential to be much closer, since the 50 individual states decide the election by virtue of voting by […]
Many municipal entities are under extreme stress and federal help is needed now.
Rida Morwa quotes John R. Mousseau in a recent commentary, dated August 14, 2020 on Seeking Alpha Excerpt follows: There are two major risks of TIPS. The first is that the inflation rate it’s tied to is calculated by the CPI which is a government calculated index. While we are not in the conspiracy theory […]
The Northeast continues to clean up from Hurricane Isaias, which swept up the Atlantic coast to New York and parts of New England on Thursday. Below is a slide from a presentation by our good friend Tom Doe, who heads up Municipal Market Advisors (http://www.mma-research.com). Tom’s firm does in-depth quantitative and qualitative research on the […]
July Jobs Report: Better Than Expected, Better Than Feared Excerpt from Barron’s – August 07, 2020 A portion of William Witherell, Ph.D.’s commentary, Why Investors Are Looking at Taiwan, was incorporated into Barron’s collective piece, “July Jobs Report: Better Than Expected, Better Than Feared“. This commentary was issued recently by money managers, research firms, and […]
Excerpt from… Confidence high among muni investors By Chip Barnett & Christine Albano – The Bond Buyer July 16, 2020 In the week ended July 15, muni tax-exempt mutual funds saw $857.321 million of inflows, according to Refinitiv Lipper, marking the 10th straight week investors put cash into the funds. Primary market In the backdrop […]
John Mousseau did a live (online) presentation with Oxford University on Monday June 29th about insights on the bond markets, the macroeconomic landscape, and his take on potential career choices for students interested in finance and investing. His presentation topic was: Bond Markets Through the Virus Analysis of Treasury, Taxable and Municipal Markets Analysis of Fed […]
Excerpt from… Puerto Rico General Fund collections lag projections By Robert Slavin – The Bond Buyer July 08, 2020 Puerto Rico General Fund collections were lagging by 7.5% to 16.8% as of four days before the end of the fiscal year, depending on which measures are used. The figures are derived from a weekly cash-flow […]
The Unemployment Rate Is “Grossly” Understated. Here’s Why. Excerpt from Barron’s – July 02, 2020 A portion of John Mousseau, CFA’s commentary, The Muni Selloff That Was, was incorporated into Barron’s editorial piece, “The Unemployment Rate Is ‘Grossly’ Understated. Here’s Why.” July 1: The infrastructure bill being considered by Congress contains two pluses for the […]
As we come to the end of the second quarter of 2020, the pandemic is still with us, with cases are rising in the South and the West in a resurgence of the virus, amid further issues involving social unrest. Today we take a look at the tax-free municipal bond market. The following charts tell […]
