Tag Archives: William Witherell

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4Q 2019 Review: International Equity Markets

Author: William Witherell, Ph.D., Post Date: January 2, 2020
Cumberland Advisors Market Commentary by William "Bill" Witherell, Ph.D.

International equity markets – that is, stock markets outside the US – finished the year robustly, with the iShares MSCI All Country ex US ETF, ACWX, gaining 7% in the 4th quarter on a total return basis. For the year as a whole, ACWX gained 16.5%. While this was less than the US market’s 28.3% […]

Cumberland Advisors Market Commentary – Will Emerging-Market Equities Finally Outperform in 2020?

Author: , Post Date: December 10, 2019
Market Commentary - Cumberland Advisors - William 'Bill' Witherell - Will Emerging-Market Equities Finally Outperform in 2020

Following outflows from emerging-market equity funds during the first three quarters of 2019, significant inflows are occurring in the fourth quarter as investor sentiment becomes more positive, anticipating stronger performance for this asset class in 2020. Possible future outperformance for emerging markets would follow an extended period of underperformance. Over the past 5 years, the […]

Cumberland Advisors Market Commentary – UK Voters’ Dilemma: Johnson or Corbyn?

Author: William Witherell, Ph.D., Post Date: November 27, 2019
Cumberland Advisors Market Commentary by William "Bill" Witherell, Ph.D.

On December 12th, UK voters will participate in a general election to determine the composition of the next government. The manifestos of both the Conservative Party and the Labor Party contain elements that should concern investors. Jeremy Corbyn’s hard-left Labor Party intends to convert the UK into a socialist economy through sweeping nationalizations (railways, broadband […]

Cumberland Advisors Market Commentary – Opportunities in Japan for Global Equity Investors

Author: William Witherell, Ph.D., Post Date: November 8, 2019
Market Commentary - Cumberland Advisors - Opportunities in Japan

The Bank of Japan at its October 30–31 Monetary Policy Committee meeting kept its policy unchanged while indicating it was willing to lower interest rates further into negative territory from their current low levels if needed to maintain progress towards the 2% inflation objective. he decision not to cut rates at this time was based […]

Cumberland Advisors Market Commentary – Brexit Uncertainty for Investors Persists

Author: William Witherell, Ph.D., Post Date: October 21, 2019
BREXIT

The exceptional Saturday session of the United Kingdom’s Parliament, the first in 37 years, was expected to produce a decisive yes or no vote on the new Brexit deal Prime Minister Boris Johnson had negotiated with the European Union (EU). October 19 was the final day for Parliament to agree to a deal before the […]

Cumberland Advisors Market Commentary – Eurozone Economy Risks A Decline With Divided Central Bank

Author: William Witherell, Ph.D., Post Date: October 4, 2019
Cumberland Advisors Market Commentary by William "Bill" Witherell, Ph.D.

The latest September data for the eurozone economy from IHS Markit present a deteriorating picture, with the demand for goods and services falling at its fastest rate in over six years and a deepening recession in manufacturing. Sentiment about the future, affected by concerns about global growth prospects, trade wars, and geopolitical uncertainties, remains at […]

3Q 2019 Review: International Equity ETF

Author: William Witherell, Ph.D., Post Date: September 19, 2019
Cumberland Advisors Market Commentary by William "Bill" Witherell, Ph.D.

With just nine market days remaining in the third quarter, international equity markets (those outside the US) are coming to the close of another quarter of high volatility. Market volatility continues to be driven by the destabilizing effects of the escalating US-China trade and technology disputes, as well as unresolved trade issues the US has […]

Cumberland Advisors Market Commentary – Britain’s Constitutional Crisis

Author: William Witherell, Ph.D., Post Date: September 4, 2019
BREXIT

“A constitutional outrage” exclaimed the traditionally neutral House of Commons Speaker, John Bercow. “An affront to democracy … an intolerable attempt to silence Parliament,” declared the editorial in the August 29th Financial Times. These were reactions to Prime Minister Boris Johnson’s request to the queen to shut down the UK Parliament for five weeks, via […]

Cumberland Advisors Market Commentary – Cry for Argentina

Author: William Witherell, Ph.D., Post Date: August 19, 2019

Argentina’s primary election on Sunday, August 11, surprised everyone and shocked markets as the current president, Mauricio Macri, was defeated by 15.6 percentage points by the left-wing Peronist candidate, Alberto Fernandez. Macri now appears to have only a very slim chance to win the October 27 presidential election. His tough austerity measures, which were needed […]