Four states – CO, WY, ID, UT – in six days; private professional meetings, a few public gatherings, two Chatham House roundtables, and one half-day with a fly rod.

My longtime friend Bill Dunkelberg and I brought nearly 40 trout to the net for release. An equal number escaped the net…

The positive trend of upgrades to downgrades continues. S&P reported on May 8th that upgrades outpaced downgrades by 2.39 to 1 in Q1 2019, which compares to 2.09 to 1 for all of 2018. In our monitoring of rating agencies’ actions, this trend appears to have continued in Q2.

Ohio State’s Woody Hayes used to say that his problem with the forward pass was that “Three things can happen, and two of them are bad.” Well, after Chairman Powell’s testimony last week, the FOMC may find itself in a similar position, only maybe worse.

Cumberland Advisors Week in Review (July 08, 2019 - July 12, 2019)July 13, 2019Cumberland Advisors Weekly UpdateEmail | About

Johnny Hart, the creator of the comic strip BC, created an economy in which clams served as currency. Clams were plentiful, so no one ran out of currency, except that an occasional clam had cartoon legs and opted for a different career. A currency in the form of a good is of course nothing new…

Much of the discussion at Camp Kotok in June is private and respectful of the Chatham House Rule. Unlike the August hubbub, June is smaller and without press. There are some items of conversation we can make available to readers. Here is a list. My views about the Fed come last.

Just days after US President Trump announced a ceasefire and resumption of trade negotiations with China, the US Trade Representative proposed new tariffs on 89 European Union (EU) goods worth $4 billion. These levies are in response to concerns about aircraft subsidies and would be added to the…

Earlier in the week, before July 4th, ADP released its jobs report for June and predicted that the economy had only created a modest increase of 102K jobs on the heels of May’s 75K. The press picked up that number with headlines like “Job Creation Has Another Rough Month in June as Private…

“You have a platform. Can you write about this issue?” The email from D. triggered this longer commentary, and we hope our remarks will trigger some much-needed discussion about the means our country is employing to protect its national borders, and about the subject of conflict across borders…

Happy 4th of July from the Cumberland Advisors family to yours!