Tag Archives: muni bonds

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Midterm Elections – The Quick Muni Note

Author: John R. Mousseau, CFA, Post Date: November 7, 2018
Market Commentary - Cumberland Advisors - Midterm Elections – The Quick Muni Note

Here’s our first take after the midterm elections. The polls actually got it right, with the Democrats taking the House of Representatives and the Republicans enjoying a slight pickup in the Senate. Divided government, with different parties in control of the House and Senate, has sometimes led to gridlock.  It also tends to keep spurious […]

Q3 2018 Municipal Credit Commentary

Author: Patricia Healy, CFA, Post Date: September 28, 2018
Market Commentary - Cumberland Advisors - Q3 2018 Municipal Credit Commentary

Updates, budgets, potential future stresses, state ratings, default study, and last but not least, storms Last quarter we focused our 2Q 2018 municipal credit commentary on two SCOTUS (Supreme Court of the United States) rulings. One allows states to collect tax on out-of-state internet sales while the other restricts public unions from requiring that non-union […]

Mousseau takes the helm of Cumberland Advisors

Author: , Post Date: June 1, 2018
The Bond Buyer - Mousseau takes the helm of Cumberland Advisors

John Mousseau, who has more than three decades in the investment management industry, has been chosen to take the helm of Cumberland Advisors, where he has spent nearly the last 18 years as portfolio manager and director of fixed income. “The best way to insure the continuous delivery of a high level of quality service […]

Fed, Employment, Mistake or Correct? Munis?

Author: David R. Kotok, Post Date: May 6, 2018
Cumberland Advisors Market Commentary by David Kotok

Albert Einstein was, it turns out, apparently not the person who defined insanity as “doing the same thing over and over again and expecting a different result” (see https://quoteinvestigator.com/2017/03/23/same/); but it’s a good definition just the same. The definition certainly applies in economics and financial markets when we apply regression analysis to data on the assumption […]

More on Muni Credit

Author: David R. Kotok, Post Date: April 3, 2018
Cumberland Advisors Market Commentary by David Kotok

My colleague Patty Healy discussed the muni sector’s credit scoring and status in her recent quarterly commentary. See https://www.cumber.com/q1-2018-municipal-credit/. Readers who missed her missive may want to take a look at it, as it recites lots of evidence of upgrades and downgrades in municipal credit and why they happened. Patty is an expert on municipal credit. Let […]