Tag Archives: William Witherell

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Cumberland Advisors Market Commentary – The War in Europe

Author: William Witherell, Ph.D., Post Date: April 3, 2020
The War in Europe

During the first quarter of 2020, Europe once again found itself to be in the center of a global war, this time against an invisible, very deadly enemy, the virus SARS-CoV-2, which causes COVID-19. At the end of the quarter, on March 31, the 19 countries of the Eurozone had 359,296 confirmed cases of the […]

Cumberland Advisors Market Commentary – International Stock Markets, First Quarter, 2020

Author: William Witherell, Ph.D., Post Date: March 23, 2020
Market Commentary - Cumberland Advisors - 2020 Q1 Strategy Reviews

International stock markets, like the US market, started the year on an optimistic note. The global slump in manufacturing appeared to be bottoming, and trade relations were easing. The first quarter is ending, however, with global equities experiencing dramatic losses and volatility surging across all market classes. As this is written (March 20), stocks in […]

Cumberland Advisors Market Commentary – Headwinds Confront UK Economy and Stocks

Author: William Witherell, Ph.D., Post Date: March 4, 2020
Market Commentary - Cumberland Advisors - Headwinds Confront UK Economy and Stocks

UK economic indicators for January looked encouraging. The HIS Markit Composite Purchase Managers Index (PMI), combining measures of manufacturing and service sector activity for the month, rose from 49.3 in December to 53.3, the strongest in 16 months, with a robust increase in new orders. Also, several indicators of business optimism registered sharp increases. Uncertainty […]

Cumberland Advisors Market Commentary – China, Asian Stocks, and Coronavirus Risk

Author: William Witherell, Ph.D., Post Date: February 5, 2020
Market Commentary - Cumberland Advisors - China, Asian Stocks, and Coronavirus Risk

Beginning in late 2019 through the first half of January, stocks in Asia (excluding Japan), led by the Chinese market, rallied, outperforming most other equity markets. However, the region is now challenged by the spread of a new coronavirus originating in China. With an exponential increase in the number of infected cases in China and […]

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 […]