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.
Worried About a Bear Market? Bonds Pose More Danger Than Stocks. Excerpt from Barron’s – Nov. 22, 2019 By Randall W. Forsyth Andrew Bary contended that Treasury bonds are now riskier than stocks in this space a few months ago. Moreover, given their low yields, which don’t have much room to fall further, bonds are […]
In the past few weeks Senator Elizabeth Warren has risen to be neck and neck with Joe Biden in most of the national polls for the Democratic nomination. In some of the electronic betting polls, though, Warren is ahead of Biden by 5–6 points, depending on the day. Warren has promised higher taxes, which would […]
Municipal bond credit quality remains relatively strong, as indications are still that upgrades are outpacing downgrades. S&P and Moody’s have both recently issued comments that corporate credit quality is weakening. Per S&P, credits rated AAA to B- with negative outlooks or CreditWatch-negative assignments have been increasing, indicating a negative bias. Similarly, Moody’s estimates that the […]
Read to learn more about the thinking behind Cumberland Advisors’ positioning of portfolios and how we execute strategies in our Q3 Reviews.
The dramatic drop in Treasury yields at the beginning of August caused the muni market to take a pause in its great relative performance earlier in the year. The 10-year Treasury bond moved 52 basis points lower, going from 2.005% at the end of the second quarter to 1.48% at the end of August; and […]
The past couple of weeks have been breathtaking for bond investors and observers of the bond market. The yield on the 30-year Treasury bond is now at a record low – it dipped under 2% this week – and the 10-year Treasury is not far off its record low of 1.36% set in July 2016 […]
This past week we celebrated the 50th anniversary of the Apollo 11 moon landing. Remarkably, only 1/3 of Americans today were alive when that happened. As a 12-year-old kid I was riveted by the space program and tried to digest the minutia of every flight. Like a lot of kids, we watched the moon landing […]
The muni bond market has been on a tear so far this year. Not only have yields dropped, but they have dropped relative to US Treasuries across the board. The chart below shows where we are now and where we were at the start of the year. The big squeeze has been caused by the […]
Sarasota financial advisor: Don’t panic over trade tariffs! By Ray Collins | May 15, 2019 John Mousseau says it is important not to get caught up in concerns about a trade tariff war with China. “If you’re sitting there and you read just the headlines, it looks like a cannon ball shot across the bow […]
The first quarter of 2019 was a good one for the tax-free bond market, with yields falling during the quarter. There are two main reasons that munis have had a good run so far this year. Muni supply is down. The drop last year has carried over to this year. Remember, 2018 supply was down […]
