Tag Archives: Robert Eisenbeis

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Cumberland Advisors Market Commentary – Repos Revisited

Author: Robert Eisenbeis, Ph.D., Post Date: April 9, 2020
Market Commentary - Cumberland Advisors - Repos Revisited

On March 12, a Wall Street Journal headline announced, “Fed to Inject $1.5 Trillion in Bid to Prevent ‘Unusual Disruptions’ in Markets” (https://www.wsj.com/articles/fed-to-inject-1-5-trillion-in-bid-to-prevent-unusual-disruptions-in-markets-11584033537). The inference was that the Fed was embarking upon a massive injection of funds into short-term money markets. That is, the first three offerings of $500 billion each were but the first […]

Cumberland Advisors Market Commentary – One Less Worry?

Author: Robert Eisenbeis, Ph.D., Post Date: March 31, 2020
Cumberland Advisors Market Commentary - One Less Worry (Eisenbeis)

It is tempting to focus on the here and now, especially when we are worrying about the economic fallout from the coronavirus pandemic and its impact on the nation. We are withdrawing from social contact and are concerned about all sources of risks. We have seen reports of people sanitizing cash as one way of […]

Cumberland Advisors Market Commentary – Whatever It Takes, Part II

Author: Robert Eisenbeis, Ph.D., Post Date: March 15, 2020
Whatever It Takes, Part II

On Thursday, March 12, the Federal Reserve announced additional measures designed to send a message to markets that the Fed is there should it be needed. Pundits hyped that the Fed was going to inject up to $1.5 trillion of liquidity into financial markets, but that amount is misleading in many important ways. First, the […]

Cumberland Advisors Market Commentary – Whatever It Takes!

Author: Robert Eisenbeis, Ph.D., Post Date: March 9, 2020
Federal Reserve Building

Tuesday morning March 9, the Federal Reserve Bank of New York announced an increase in the current monthly schedule of repo transactions designed to deal with short-term liquidity problems for primary dealers and certain other market participants: from $100 billion to $150 billion in overnight repos and for two-week term repos from $20 billion to […]

Cumberland Advisors Market Commentary – Did the Fed Just Waste 50 Basis Points?

Author: Robert Eisenbeis, Ph.D., Post Date: March 6, 2020
Market Commentary - Cumberland Advisors - Did the Fed Just Waste 50 Basis Points?

On Tuesday morning, shortly after the market opened, the Fed did what other central banks concerned about the coronavirus didn’t do, and that was cut its policy rate. Not only did it cut the rate, it did so by 50 basis points, dropping its policy rate to the range of 1%–1.25%. As the chart below […]

Cumberland Advisors Market Commentary – The Fed — What Next?

Author: Robert Eisenbeis, Ph.D., Post Date: February 10, 2020
Cumberland Advisors Market Commentary

With the no-change decision by the FOMC, rendered as the impeachment finale was playing out, and with the next FOMC meeting about a month away, the most important upcoming event for the Fed is Chairman Powell’s semiannual testimony before Congress this week. The Board’s report is already out, and it provides a fairly clear indication […]

What to Expect When China’s Markets Reopen

Author: , Post Date: January 31, 2020
Cumberland Advisors Robert "Bob" Eisenbeis Ph.D. In The NewsCumberland-Advisors-Robert "Bob" Eisenbeis Ph.D. In-The-News

Excerpt from… Barron’s – What to Expect When China’s Markets Reopen Jan. 31, 2020 Job Outlook Firms Cumberland Advisors Market Commentary by Cumberland Advisors Jan. 28: Perhaps the most telling information about how strong the economy is concerns the job market. On almost any measure, the job market is strong. To be sure, the December […]