Tag Archives: Leo Chen Ph.D.

image_pdfimage_print

Cumberland Advisors Market Commentary – Liquidity Impact on the Stock Market

Author: Leo Chen, Ph.D., Post Date: June 5, 2020
Market Commentary - Cumberland Advisors - Liquidity Impact on the Stock Market

All three major indices have continued their rallies in June: The S&P 500 is up 2.23%, the Dow Jones Industrial Average is up 3.54%, and the Nasdaq composite is up 1.33%. The S&P 500 has marked a 42% return since the March 23rd low for the large-cap index, while the Nasdaq Composite is only 2.26% […]

Cumberland Advisors Market Commentary – Black Swan and SKEW

Author: Leo Chen, Ph.D., Post Date: May 5, 2020
Market Commentary - Cumberland Advisors - Black Swan and SKEW (Leo Chen)

The term black swan refers to rare events that are unpredictable in nature. These events are mathematically difficult to compute and statistically insignificant. Black Monday on October 19, 1987, is a typical example. One may consider the COVID-19 pandemic a black swan as well. CBOE launched the SKEW Index in 1990, and it has been […]

Cumberland Advisors Market Commentary – Understand Leveraged ETFs*

Author: Leo Chen, Ph.D., Post Date: April 6, 2020
Understand Leveraged ETFs 1280x720

The first leveraged ETF was launched in 2006, 13 years after the first ETF was rolled out back in 1993. Although there has been much debate over whether leveraged ETFs add to market volatility and risk, the market size of leveraged ETFs has topped $100 billion since their launch. Evidently, investors’ appetite for leveraged ETFs […]

Cumberland Advisors Market Commentary – Market Volatility/Leveraged Volatility/Sector Alpha Portfolios – 2020Q1 Review

Author: Leo Chen, Ph.D., Post Date: March 19, 2020
Cumberland Advisors - Quarterly Review - Market Volatility - Leveraged Volatility - Sector Alpha Portfolios

Following the S&P 500’s outstanding performance in 2019, the continual all-time highs in the first quarter of 2020 were short-lived. Just days after the Dow soared to within 500 points of 30,000, the coronavirus outbreak brought the US equity market down by 30%, precipitating the fastest bear market in history in terms of number of […]

Weighing The Week Ahead: Paradise For The Pundits Mar. 15, 2020

Author: , Post Date: March 15, 2020
Leo Chen, Ph.D. featured "In The News"

Weighing The Week Ahead: Paradise For The Pundits Jeff Miller – Seeking Alpha – March 15, 2020 Excerpt below: Stock Prices -New information. There really was little relevant new information last week. -Rebound timing. There are many viewpoints, but most cite the conditions for some bottoming. Considering signs of when to buy. James Mackintosh (WSJ) […]