Tag Archives: Patricia Healy
Cumberland Advisors Market Commentary – The Cumberland State of Despair Index
Sign up for our Market CommentaryAuthor: John R. Mousseau, CFA & Patricia Healy, CFA & Tom Patterson, Post Date: December 3, 2020
Cumberland Advisors Market Commentary – Municipal Employment
Sign up for our Market CommentaryAuthor: Patricia Healy, CFA, Post Date: November 12, 2020

The positive jobs growth news, showing an increase of 638,000 jobs in October and a full one percent reduction in the unemployment rate to 6.9%, masked a decline in government employment. Private jobs were up by 906,000, led by an increase of 271,000 in hospitality and leisure, a sector that has been hit particularly hard […]
Cumberland Advisors Market Commentary – Wildfires Out West
Sign up for our Market CommentaryAuthor: Patricia Healy, CFA, Post Date: October 8, 2020

On Sunday, Bloomberg reported that this year’s California fires had scorched more ground than the last three years of fires combined. Higher temperatures and greater winds have contributed to the spread. Year-to-date, the California fires have covered 4 million acres in 8,200 fires throughout the state. Some 8,400 homes and buildings have been lost, and […]
Cumberland Advisors Market Commentary – Cumberland Responds to Barron’s
Sign up for our Market CommentaryAuthor: David R. Kotok, John R. Mousseau, CFA & Patricia Healy, CFA, Post Date: September 23, 2020
Cumberland Advisors Market Commentary – The Rise of Separately Managed Accounts – 2020 Update
Sign up for our Market CommentaryAuthor: Patricia Healy, CFA, Post Date: September 15, 2020

Cumberland has utilized separately managed accounts (SMAs) to execute its fixed-income strategy since the company’s inception in 1973, long before SMAs were popularized in the early 2000s. The reasons for managing money in this fashion are the same today as they were then: • Transparency (you know what you own) • Flexibility to make strategic […]
BondBuyer – Florida preps $2.25 billion deal to pay hurricane insurance claims
Author: , Post Date: August 31, 2020

Excerpt below. By Shelly Sigo – The Bond Buyer August 31, 2020 Florida plans to “opportunistically” take advantage of historically low taxable municipal bond rates in a $2.25 billion deal that a state official said should be attractive for yield-starved investors. Proceeds will provide capital to pay claims, if needed, by the Florida Hurricane Catastrophe […]
Cumberland Advisors Market Commentary – Hurricanes
Sign up for our Market CommentaryAuthor: David R. Kotok, Post Date: August 27, 2020

In the Indian Ocean they are called cyclones, in the Pacific Ocean, typhoons. The latter term comes from the Chinese tai fung, which translates as “great wind.” The Kʼicheʼ Mayans called their god of wind, storm, and fire Hurakan. European colonists adopted the word, and it became hurricane. (Source: A Furious Sky: The Five-Hundred-Year History of America’s […]
Cumberland Advisors Market Commentary – Managing Hurricane Risk in a Bond Portfolio
Sign up for our Market CommentaryAuthor: John R. Mousseau, CFA & Patricia Healy, CFA, Post Date: August 10, 2020

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 […]
Cumberland Advisors Market Commentary – Why States Are Not Going to Default from the Coronavirus Fallout
Sign up for our Market CommentaryAuthor: Patricia Healy, CFA, Post Date: March 27, 2020

In our opinion this is a short-term shock, although it will likely change some behaviors for the long term that will need to be monitored. The initial concern is liquidity, not just in the bond market but also at the state level, where tax payment dates have been extended and economically sensitive revenues such as […]