Insights
Cumberland Advisors Market Commentary offers insights and analysis on upcoming, important economic issues that potentially impact global financial markets. Our team shares their thinking on global economic developments, market news and other factors that often influence investment opportunities and strategies. Our readers appreciate its timeliness, depth of analysis, and quality of research.
Author(s): David R. Kotok | Sun October 8, 2023
We have now witnessed the effects of dysfunctional politics on the stock markets as well as the bond markets and the credit markets. Readers may ponder the appellation: “the Gaetz market." Here’s a sample of the media discussion around the House Member who brought down Speaker McCarthy:
Author(s): Cumberland Advisors | Sat October 7, 2023
Author(s): David W. Berson, Ph.D. | Wed October 4, 2023
Summary
Author(s): Robert Eisenbeis, Ph.D. | Tue October 3, 2023
Author(s): John R. Mousseau, CFA | Mon October 2, 2023
It was a very tough third quarter for the bond markets in general and for the muni market in particular. The table below lays out the quarter.
Author(s): David R. Kotok | Sun October 1, 2023
As this Sunday draft is being edited for final publication, the government shutdown of the United States has been averted with a stopgap bill — but there are already costs incurred with a negative impact on interest rates reflected in CDS pricing.
Author(s): David R. Kotok | Mon September 25, 2023
The Committee for a Responsible Federal Budget (CRFB) has a full-disclosure discussion of what a “government shutdown” means and how it happens. There is also some important history in their working paper.
Author(s): David R. Kotok | Sun September 17, 2023
I thank readers for their responses to our commentaries, including this one on “Life Expectancy”: https://www.cumber.com/market-commentary/life-expectancy.
Author(s): David R. Kotok | Fri September 15, 2023
In response to some of our writings about the economic costs of global warming and the lack of coordinated mitigation, Thornton (Tip) Parker ([email protected]) wrote this commentary which we have agreed to share with readers.
Author(s): David R. Kotok | Thu September 14, 2023
Here’s an argument about why this time (2023–24) under Fed Chair Powell is different from the 1970s inflation fight under Fed Chairs Burns and, subsequently, Volcker. We are ignoring the brief Fed Chair Miller interregnum (March 1978 to August 1979). We especially want to thank Mike Konczal for…