Cumberland Advisors Week in Review (Aug 10, 2020 - Aug 14, 2020)

Cumberland Advisors

Sun Aug 16, 2020

The Cumberland Advisors Week in Review is a recap of news, commentary, and opinion from our team.

These are not revised assessments, and circumstances may have changed in the market from the time of original publication. We also include older commentaries that our editors have determined may be of interest to our audience. Your feedback is always welcome.

CUMBERLAND ADVISORS' WEEKLY RECAP

As part of Cumberland Advisors' continuous effort to maintain strong customer relationships, we offer this week's short video discussing current market conditions and how we are positioning portfolios.

</p> <p>Dear Clients & Friends,</p> <p>Thank you for joining Cumberland Advisors for this end-of-week update on market conditions, bonds & equities with Matt McAleer and John Mousseau, CFA.</p> <div>This week:</div> <div></div> <div> <div> <p><strong>Matt McAleer on ETFs & Equities</strong></p> <div><span class="style-scope yt-formatted-string" dir="auto">-Continued bid into the heavies (industrials, transports, etc) </span></div> <div><span class="style-scope yt-formatted-string" dir="auto">-A slow reallocation from some of the hotter sectors </span></div> <div><span class="style-scope yt-formatted-string" dir="auto">-Quiet week trading </span></div> <div><span class="style-scope yt-formatted-string" dir="auto">-Clients in our strategies have seen over the last number of weeks new purchases in industrials, basic materials, & banks </span></div> <div><span class="style-scope yt-formatted-string" dir="auto">-Important to barbell growth allocation in case growth stalls</span></div> <p><strong>John Mousseau's Update on the Fixed Income Market</strong></p> <div><span class="style-scope yt-formatted-string" dir="auto">-Yields higher this week </span></div> <div><span class="style-scope yt-formatted-string" dir="auto">-Now in the world where long tax-free high grade bonds are less than Treasury bonds </span></div> <div><span class="style-scope yt-formatted-string" dir="auto">-The world has gotten back to normal -The world is getting "less bad" </span></div> <div><span class="style-scope yt-formatted-string" dir="auto">-Inflation higher - we're off the mat - signs point to higher inflation down the road </span></div> <div><span class="style-scope yt-formatted-string" dir="auto">-We're taking some profits and playing defense, but not all in once </span></div> <div><span class="style-scope yt-formatted-string" dir="auto">-Looking forward to hopefully good number next week</span></p> <div></div> </div> <p>Please reach out with any questions/comments you may have about this update; we appreciate your calls, comments, and emails. Watch in the player above or at this link: <a href="https://youtu.be/Tmpupfrwnfg" target="_blank" rel="noopener noreferrer">https://youtu.be/NSQ4xtkd4RI</a></p> </div> </div> <p>Stay safe, healthy, and have a great weekend.</p> <p><strong>-Matt McAleer & Cumberland Advisors</strong></p> <p><em>Matt enjoys your feedback. You can reach him at:</em><br /> -Link to Matt's Email: <a href="mailto:Matthew.McAleer@Cumber.com?subject=Weekly%20Update" target="_blank" rel="noopener noreferrer">Matthew.McAleer@Cumber.com</a><br /> -Link to Matt's Twitter: <a href="https://twitter.com/MattMcAleer4">https://twitter.com/MattMcAleer4</a><br /> -Link to Matt's LinkedIn: <a href="https://www.linkedin.com/in/matthew-c-mcaleer/">https://www.linkedin.com/in/matthew-c-mcaleer/</a><br /> -Call Matt: <a href="tel:800-257-7013p346" target="_blank" rel="noopener noreferrer">(800) 257-7013</a></p> <p>Other questions or comments? Email us at <a href="mailto:info@cumber.com?subject=Comment" target="_blank" rel="noopener noreferrer">info@cumber.com</a> or give us a call at (800) 257-7013.</p> <p><em>Contact Matt or any one of our advisors by following this link: <a href="https://www.cumber.com/our-people/" target="_blank" rel="noopener noreferrer">https://www.cumber.com/our-people/</a> </em></p> <hr> <h1 class="inner_text_heading">IN THE NEWS</h1> <p><a href="/sites/default/files/uploads/2014/12/InTheNewsLarge.jpg"><img class="aligncenter size-medium wp-image-39870" src="/sites/default/files/uploads/2014/12/InTheNewsLarge-300x165.jpg" alt="Cumberland Advisors In The News" width="300" height="165"></a></p> <div class="news_row_main clearfix"> <div class="news_right"> <h2 class="inner_text_heading"><a href="https://www.cumber.com/inflation-tips-living-on-the-hedge/" target="_blank" rel="noopener noreferrer">Inflation TIPS: Living On The Hedge</a></h2> <p>Quoted: John R. Mousseau, CFA | Posted on: 08/15/2020 <a class="read" href="https://www.cumber.com/inflation-tips-living-on-the-hedge/" target="_blank" rel="noopener noreferrer"> <span class="left_go"><img src="https://www.cumber.com/wp-content/themes/cumberland_advisor/images/small_arrow2.png" alt=""></span> read more <span class="right_go"><img src="https://www.cumber.com/wp-content/themes/cumberland_advisor/images/small_arrow3.png" alt=""></span> </a></p> </div> </div> <div class="news_row_main clearfix"> <div class="news_right"> <h2 class="inner_text_heading"><a href="https://www.cumber.com/dow-plunges-nearly-3000-points-as-fed-intervention-does-little-to-subdue-wall-streets-distress/" target="_blank" rel="noopener noreferrer">WaPo – In a bleak economy, these companies are flourishing</a></h2> <p>Quoted: David R. Kotok | Posted on: 08/15/2020 <a class="read" href="https://www.cumber.com/dow-plunges-nearly-3000-points-as-fed-intervention-does-little-to-subdue-wall-streets-distress/" target="_blank" rel="noopener noreferrer"> <span class="left_go"><img src="https://www.cumber.com/wp-content/themes/cumberland_advisor/images/small_arrow2.png" alt=""></span> read more <span class="right_go"><img src="https://www.cumber.com/wp-content/themes/cumberland_advisor/images/small_arrow3.png" alt=""></span> </a></p> </div> </div> <div class="news_outer_main"> <div class="news_row_main clearfix"> <div class="news_right"> <div class="news_row_main clearfix"> <div class="news_right"> <div class="news_row_main clearfix"> <div class="news_right"> <div class="news_row_main clearfix"> <div class="news_right"> <div class="news_row_main clearfix"> <div class="news_right"> <h2 class="inner_text_heading"><a href="https://www.cumber.com/camp-kotok-maine-woods-economists-wine/" target="_blank" rel="noopener noreferrer">Camp Kotok: Maine Woods, Economists & Wine</a></h2> <p>Quoted: David R. Kotok | Posted on: 08/08/2020 <a class="read" href="https://www.cumber.com/camp-kotok-maine-woods-economists-wine/" target="_blank" rel="noopener noreferrer"> <span class="left_go"><img src="https://www.cumber.com/wp-content/themes/cumberland_advisor/images/small_arrow2.png" alt=""></span> read more <span class="right_go"><img src="https://www.cumber.com/wp-content/themes/cumberland_advisor/images/small_arrow3.png" alt=""></span> </a></p> </div> </div> <div class="news_row_main clearfix"> <div class="news_right"> <h2 class="inner_text_heading"><a href="https://www.cumber.com/highlands-news-sun-covid-19-florida-vs-taiwan/" target="_blank" rel="noopener noreferrer">Highlands News Sun – COVID-19: Florida vs. Taiwan</a></h2> <p>Quoted: David R. Kotok | Posted on: 08/08/2020 <a class="read" href="https://www.cumber.com/highlands-news-sun-covid-19-florida-vs-taiwan/" target="_blank" rel="noopener noreferrer"> <span class="left_go"><img src="https://www.cumber.com/wp-content/themes/cumberland_advisor/images/small_arrow2.png" alt=""></span> read more <span class="right_go"><img src="https://www.cumber.com/wp-content/themes/cumberland_advisor/images/small_arrow3.png" alt=""></span> </a></p> </div> </div> <div class="news_row_main clearfix"> <div class="news_right"> <h2 class="inner_text_heading"><a href="https://www.cumber.com/barrons-july-jobs-report-better-than-expected-better-than-feared/" target="_blank" rel="noopener noreferrer">Barron’s – July Jobs Report: Better Than Expected, Better Than Feared</a></h2> <p>Quoted: William Witherell, Ph.D. | Posted on: 08/07/2020 <a class="read" href="https://www.cumber.com/barrons-july-jobs-report-better-than-expected-better-than-feared/" target="_blank" rel="noopener noreferrer"> <span class="left_go"><img src="https://www.cumber.com/wp-content/themes/cumberland_advisor/images/small_arrow2.png" alt=""></span> read more <span class="right_go"><img src="https://www.cumber.com/wp-content/themes/cumberland_advisor/images/small_arrow3.png" alt=""></span> </a></p> </div> </div> <h2 class="inner_text_heading"><a href="https://www.cumber.com/the-u-s-election-is-getting-ugly-and-investors-are-getting-nervous/" target="_blank" rel="noopener noreferrer">The U.S. election is getting ugly – and investors are getting nervous</a></h2> <p>Quoted: David R. Kotok | Posted on: 07/31/2020 <a class="read" href="https://www.cumber.com/the-u-s-election-is-getting-ugly-and-investors-are-getting-nervous/" target="_blank" rel="noopener noreferrer"> <span class="left_go"><img src="https://www.cumber.com/wp-content/themes/cumberland_advisor/images/small_arrow2.png" alt=""></span> read more <span class="right_go"><img src="https://www.cumber.com/wp-content/themes/cumberland_advisor/images/small_arrow3.png" alt=""></span> </a></p> </div> </div> <div class="news_row_main clearfix"> <div class="news_right"> <h2 class="inner_text_heading"><a href="https://www.cumber.com/favor-asia-economies-that-are-managing-pandemic-kotok-radio/" target="_blank" rel="noopener noreferrer">Favor Asia Economies That Are Managing Pandemic: Kotok (Radio)</a></h2> <p>Quoted: David R. Kotok | Posted on: 07/30/2020 <a class="read" href="https://www.cumber.com/favor-asia-economies-that-are-managing-pandemic-kotok-radio/" target="_blank" rel="noopener noreferrer"> <span class="left_go"><img src="https://www.cumber.com/wp-content/themes/cumberland_advisor/images/small_arrow2.png" alt=""></span> read more <span class="right_go"><img src="https://www.cumber.com/wp-content/themes/cumberland_advisor/images/small_arrow3.png" alt=""></span> </a></p> </div> </div> <div class="news_row_main clearfix"> <div class="news_right"> <h2 class="inner_text_heading"><a href="https://www.cumber.com/largest-municipal-bond-deals-coming-from-texas-colo-and-calif/" target="_blank" rel="noopener noreferrer">BondBuyer – Largest municipal bond deals coming from Texas, Colo. and Calif.</a></h2> <p>Quoted: Shaun Burgess | Posted on: 07/24/2020 <a class="read" href="https://www.cumber.com/largest-municipal-bond-deals-coming-from-texas-colo-and-calif/" target="_blank" rel="noopener noreferrer"> <span class="left_go"><img src="https://www.cumber.com/wp-content/themes/cumberland_advisor/images/small_arrow2.png" alt=""></span> read more <span class="right_go"><img src="https://www.cumber.com/wp-content/themes/cumberland_advisor/images/small_arrow3.png" alt=""></span> </a></p> </div> </div> <div class="news_row_main clearfix"> <div class="news_right"> <h2 class="inner_text_heading"><a href="https://www.cumber.com/treasuries-yields-fall-ahead-of-tips-auction/" target="_blank" rel="noopener noreferrer">TREASURIES-Yields fall ahead of TIPS auction</a></h2> <p>Quoted: John R. Mousseau, CFA | Posted on: 07/23/2020 <a class="read" href="https://www.cumber.com/treasuries-yields-fall-ahead-of-tips-auction/" target="_blank" rel="noopener noreferrer"> <span class="left_go"><img src="https://www.cumber.com/wp-content/themes/cumberland_advisor/images/small_arrow2.png" alt=""></span> read more <span class="right_go"><img src="https://www.cumber.com/wp-content/themes/cumberland_advisor/images/small_arrow3.png" alt=""></span> </a></p> </div> </div> <h2 class="inner_text_heading"><a href="https://www.cumber.com/bondbuyer-confidence-high-among-muni-investors/" target="_blank" rel="noopener noreferrer">BondBuyer – Confidence high among muni investors</a></h2> <p>Quoted: John R. Mousseau, CFA | Posted on: 07/16/2020 <a class="read" href="https://www.cumber.com/bondbuyer-confidence-high-among-muni-investors/" target="_blank" rel="noopener noreferrer"> <span class="left_go"><img src="https://www.cumber.com/wp-content/themes/cumberland_advisor/images/small_arrow2.png" alt=""></span> read more <span class="right_go"><img src="https://www.cumber.com/wp-content/themes/cumberland_advisor/images/small_arrow3.png" alt=""></span> </a></p> </div> </div> <div class="news_row_main clearfix"> <div class="news_right"></div> </div> </div> </div> </div> </div> </div> <hr> <div class="post-thumbnail"><img class="attachment-post-thumbnail size-post-thumbnail wp-post-image aligncenter" src="/sites/default/files/uploads/2017/03/Market-Commentary-672x245.png" alt="Cumberland Advisors Market Commentary" width="672" height="245"></div> <div class="static_cont_outer"> <p>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.</p> <p>To read current and past commentaries, visit <a href="https://www.cumber.com/category/market-commentary/" target="_blank" rel="noopener noreferrer">https://www.cumber.com/category/market-commentary/</a></p> </div> <hr> <header class="entry-header"> <header class="entry-header"> <header class="entry-header"> <header class="entry-header"> <header class="entry-header"> <header class="entry-header"> <header class="entry-header"> <header class="entry-header"> <header class="entry-header"></header> <header class="entry-header"> <header class="entry-header"> <header class="entry-header"> <header class="entry-header"> <header class="entry-header"> <header class="entry-header"> <header class="entry-header"> <header class="entry-header"> <h2 class="inner_text_heading"><a href="https://www.cumber.com/cumberland-advisors-market-commentary-zika-covid-19-we-need-action-now/" rel="bookmark">Zika & COVID-19: We Need Action Now!</a></h2> <h6><strong>Author:</strong> David R. Kotok, <strong>Post Date:</strong> August 14, 2020</h6> </header> <div class="entry-summary"><a class="post-thumbnail" href="https://www.cumber.com/cumberland-advisors-market-commentary-zika-covid-19-we-need-action-now/"> <img class="attachment-post-thumbnail size-post-thumbnail wp-post-image" src="/sites/default/files/uploads/2020/08/Market-Commentary-Cumberland-Advisors-Zika-COVID-19-We-Need-Action-Now-672x372.jpg" sizes="(max-width: 672px) 100vw, 672px" srcset="/sites/default/files/uploads/2020/08/Market-Commentary-Cumberland-Advisors-Zika-COVID-19-We-Need-Action-Now-672x372.jpg 672w, /sites/default/files/uploads/2020/08/Market-Commentary-Cumberland-Advisors-Zika-COVID-19-We-Need-Action-Now-1038x576.jpg 1038w" alt="Market Commentary - Cumberland Advisors - Zika & COVID-19- We Need Action Now" width="672" height="372"> </a>Dear Readers: This is an appeal to Democrats, Republicans, and Independents, House Members and Senators, and including those on the far right and on the far left of American politics. The nation needs you to set aside the partisan politics. Students, their teachers, businesses, investors, the retired, the unemployed, the charities, state and local governments, […]</p> <hr> </div> <h2 class="inner_text_heading"><a href="https://www.cumber.com/cumberland-advisors-market-commentary-interest-rates-and-yield-curve-control-part-2/" rel="bookmark">Interest Rates and Yield Curve Control, Part 2</a></h2> <h6><strong>Author:</strong> , <strong>Post Date:</strong> August 13, 2020</h6> </header> <div class="entry-summary"><a class="post-thumbnail" href="https://www.cumber.com/cumberland-advisors-market-commentary-interest-rates-and-yield-curve-control-part-2/"> <img class="attachment-post-thumbnail size-post-thumbnail wp-post-image" src="/sites/default/files/uploads/2020/08/Market-Commentary-Cumberland-Advisors-Interest-Rates-and-Yield-Curve-Control-Part-2-672x372.jpg" sizes="(max-width: 672px) 100vw, 672px" srcset="/sites/default/files/uploads/2020/08/Market-Commentary-Cumberland-Advisors-Interest-Rates-and-Yield-Curve-Control-Part-2-672x372.jpg 672w, /sites/default/files/uploads/2020/08/Market-Commentary-Cumberland-Advisors-Interest-Rates-and-Yield-Curve-Control-Part-2-1038x576.jpg 1038w" alt="Market Commentary - Cumberland Advisors - Interest Rates and Yield Curve Control, Part 2" width="672" height="372"> </a>This is part 2 in a series on interest rates and yield curve controls. Here’s the link to part 1: https://www.cumber.com/cumberland-advisors-market-commentary-interest-rates-and-yield-curve-control-part-1/ First, we want to thank BCA Research and our friend Caroline Miller, Chief Strategist at BCA, for permission to share their charts. At Cumberland, we use BCA Research. My colleague John Mousseau and I […]</p> <hr> </div> <h2 class="inner_text_heading"><a href="https://www.cumber.com/cumberland-advisors-market-commentary-a-quick-look-at-job-creation/" rel="bookmark">A Quick Look at Job Creation</a></h2> <h6><strong>Author:</strong> Robert Eisenbeis, Ph.D., <strong>Post Date:</strong> August 11, 2020</h6> </header> <div class="entry-summary"><a class="post-thumbnail" href="https://www.cumber.com/cumberland-advisors-market-commentary-a-quick-look-at-job-creation/"> <img class="attachment-post-thumbnail size-post-thumbnail wp-post-image" src="/sites/default/files/uploads/2020/08/Market-Commentary-Cumberland-Advisors-A-Quick-Look-at-Job-Creation-Eisenbeis-672x372.jpg" sizes="(max-width: 672px) 100vw, 672px" srcset="/sites/default/files/uploads/2020/08/Market-Commentary-Cumberland-Advisors-A-Quick-Look-at-Job-Creation-Eisenbeis-672x372.jpg 672w, /sites/default/files/uploads/2020/08/Market-Commentary-Cumberland-Advisors-A-Quick-Look-at-Job-Creation-Eisenbeis-1038x576.jpg 1038w" alt="Market Commentary - Cumberland Advisors - A Quick Look at Job Creation (Eisenbeis)" width="672" height="372"> </a>Each month, the BLS produces a wealth of data from both its household survey and its establishment survey. The latter, in particular, gives us a view of where jobs are actually being created during this terrible pandemic. Normally, the data widely cited from these surveys are seasonally adjusted, but for our purposes we will look […]</p> <hr> </div> <h2 class="inner_text_heading"><a href="https://www.cumber.com/cumberland-advisors-market-commentary-managing-hurricane-risk-in-a-bond-portfolio/" rel="bookmark">Managing Hurricane Risk in a Bond Portfolio</a></h2> <h6><strong>Author:</strong> John R. Mousseau, CFA & Patricia Healy, CFA, <strong>Post Date:</strong> August 10, 2020</h6> </header> <div class="entry-summary"><a class="post-thumbnail" href="https://www.cumber.com/cumberland-advisors-market-commentary-managing-hurricane-risk-in-a-bond-portfolio/"> <img class="attachment-post-thumbnail size-post-thumbnail wp-post-image" src="/sites/default/files/uploads/2020/08/Market-Commentary-Cumberland-Advisors-Managing-Hurricane-Risk-in-a-Bond-Portfolio-672x372.jpg" sizes="(max-width: 672px) 100vw, 672px" srcset="/sites/default/files/uploads/2020/08/Market-Commentary-Cumberland-Advisors-Managing-Hurricane-Risk-in-a-Bond-Portfolio-672x372.jpg 672w, /sites/default/files/uploads/2020/08/Market-Commentary-Cumberland-Advisors-Managing-Hurricane-Risk-in-a-Bond-Portfolio-1038x576.jpg 1038w" alt="Market Commentary - Cumberland Advisors - Managing Hurricane Risk in a Bond Portfolio" width="672" height="372"> </a>The Northeast continues to clean up from Hurricane Isaias, which swept up the Atlantic coast to New York and parts of New England on Thursday. Below is a slide from a presentation by our good friend Tom Doe, who heads up Municipal Market Advisors (http://www.mma-research.com). Tom’s firm does in-depth quantitative and qualitative research on the […]</p> <hr> </div> <h2 class="inner_text_heading"><a href="https://www.cumber.com/cumberland-advisors-market-commentary-interest-rates-and-yield-curve-control-part-1/" rel="bookmark">Interest Rates and Yield Curve Control, Part 1</a></h2> <h6><strong>Author:</strong> David R. Kotok, <strong>Post Date:</strong></h6> </header> <div class="entry-summary"><a class="post-thumbnail" href="https://www.cumber.com/cumberland-advisors-market-commentary-interest-rates-and-yield-curve-control-part-1/"> <img class="attachment-post-thumbnail size-post-thumbnail wp-post-image" src="/sites/default/files/uploads/2020/08/Market-Commentary-Cumberland-Advisors-Interest-Rates-and-Yield-Curve-Control-Part-1-672x372.jpg" sizes="(max-width: 672px) 100vw, 672px" srcset="/sites/default/files/uploads/2020/08/Market-Commentary-Cumberland-Advisors-Interest-Rates-and-Yield-Curve-Control-Part-1-672x372.jpg 672w, /sites/default/files/uploads/2020/08/Market-Commentary-Cumberland-Advisors-Interest-Rates-and-Yield-Curve-Control-Part-1-1038x576.jpg 1038w" alt="Market Commentary - Cumberland Advisors - Interest Rates and Yield Curve Control, Part 1" width="672" height="372"> </a>“The Trimmed Mean PCE inflation rate is an alternative measure of core inflation in the price index for personal consumption expenditures (PCE). It is calculated by staff at the Dallas Fed, using data from the Bureau of Economic Analysis (BEA).” Through June 2020, “The Trimmed Mean PCE inflation rate over the 12 months ending in […]</p> <hr> </div> <h2 class="inner_text_heading"><a href="https://www.cumber.com/cumberland-advisors-market-commentary-paulding-county-georgia/" rel="bookmark">Paulding County, Georgia</a></h2> <h6><strong>Author:</strong> David R. Kotok, <strong>Post Date:</strong> August 9, 2020</h6> </header> <div class="entry-summary"><a class="post-thumbnail" href="https://www.cumber.com/cumberland-advisors-market-commentary-paulding-county-georgia/"> <img class="attachment-post-thumbnail size-post-thumbnail wp-post-image" src="/sites/default/files/uploads/2020/08/Paulding-County-Georgia-Kotok-672x372.jpg" sizes="(max-width: 672px) 100vw, 672px" srcset="/sites/default/files/uploads/2020/08/Paulding-County-Georgia-Kotok-672x372.jpg 672w, /sites/default/files/uploads/2020/08/Paulding-County-Georgia-Kotok-1038x576.jpg 1038w" alt="Paulding County, Georgia (Kotok)" width="672" height="372"> </a>“All politics is local,” Tip O’Neill famously observed. (In fact, this former Speaker of the House wrote a book by that title.) As the next chapter of COVID-19 and election-year politics take us closer to the November deadline, we believe that the school-opening issue is a new major influence. Scenario 1: Schools are opened with minimal […]</p> <hr> </div> <h2 class="inner_text_heading"><a href="https://www.cumber.com/cumberland-advisors-market-commentary-credit-spreads/" rel="bookmark">Credit Spreads</a></h2> <h6><strong>Author:</strong> David R. Kotok, <strong>Post Date:</strong> August 6, 2020</h6> </header> <div class="entry-summary"> <p><a class="post-thumbnail" href="https://www.cumber.com/cumberland-advisors-market-commentary-credit-spreads/"> <img class="attachment-post-thumbnail size-post-thumbnail wp-post-image" src="/sites/default/files/uploads/2020/08/Cumberland-Advisors-Credit-Spreads-672x372.jpg" sizes="(max-width: 672px) 100vw, 672px" srcset="/sites/default/files/uploads/2020/08/Cumberland-Advisors-Credit-Spreads-672x372.jpg 672w, /sites/default/files/uploads/2020/08/Cumberland-Advisors-Credit-Spreads-1038x576.jpg 1038w" alt="Cumberland Advisors - Credit Spreads" width="672" height="372"> </a>We track many spreads at Cumberland and circulate a key summary of them every morning. For this public commentary I extracted the ones you see below (the last 7 items are the key ones to examine) because they help tell the story of how the Fed’s activities have decreased risk pricing in the financial markets. […]</p> <hr> </div> <header class="entry-header"> <h2 class="inner_text_heading"><a href="https://www.cumber.com/cumberland-advisors-market-commentary-why-investors-are-looking-at-taiwan/" rel="bookmark">Why Investors Are Looking at Taiwan</a></h2> <h6><strong>Author:</strong> William Witherell, Ph.D., <strong>Post Date:</strong> August 5, 2020</h6> </header> <div class="entry-summary"> <p><a class="post-thumbnail" href="https://www.cumber.com/cumberland-advisors-market-commentary-why-investors-are-looking-at-taiwan/"> <img class="attachment-post-thumbnail size-post-thumbnail wp-post-image" src="/sites/default/files/uploads/2020/08/Market-Commentary-Cumberland-Advisors-Why-Investors-Are-Looking-at-Taiwan-672x372.jpg" sizes="(max-width: 672px) 100vw, 672px" srcset="/sites/default/files/uploads/2020/08/Market-Commentary-Cumberland-Advisors-Why-Investors-Are-Looking-at-Taiwan-672x372.jpg 672w, /sites/default/files/uploads/2020/08/Market-Commentary-Cumberland-Advisors-Why-Investors-Are-Looking-at-Taiwan-1038x576.jpg 1038w" alt="Market Commentary - Cumberland Advisors - Why Investors Are Looking at Taiwan" width="672" height="372"> </a>Consider a place that has had only 476 Covid-19 cases and just 7 deaths. This sounds like a rural town in the US with a small population and good access to medical care. Actually, it is Taiwan, a small country in Asia with a very dense population of 23.6 million people, situated about 100 miles […]</p> <hr> </div> <header class="entry-header"> <h2 class="inner_text_heading"><a href="https://www.cumber.com/cumberland-advisors-market-commentary-florida-vs-taiwan/" rel="bookmark">Florida vs. Taiwan</a></h2> <h6><strong>Author:</strong> David R. Kotok, <strong>Post Date:</strong> August 4, 2020</h6> </header> <div class="entry-summary"> <p><a class="post-thumbnail" href="https://www.cumber.com/cumberland-advisors-market-commentary-florida-vs-taiwan/"> <img class="attachment-post-thumbnail size-post-thumbnail wp-post-image" src="/sites/default/files/uploads/2020/08/Market-Commentary-Cumberland-Advisors-Florida-vs.-Taiwan-672x372.jpg" sizes="(max-width: 672px) 100vw, 672px" srcset="/sites/default/files/uploads/2020/08/Market-Commentary-Cumberland-Advisors-Florida-vs.-Taiwan-672x372.jpg 672w, /sites/default/files/uploads/2020/08/Market-Commentary-Cumberland-Advisors-Florida-vs.-Taiwan-1038x576.jpg 1038w" alt="Market Commentary - Cumberland Advisors - Florida vs. Taiwan" width="672" height="372"> </a>“The first time it’s a novelty. The second time, people know what they’re in for and are less willing to take another hit. The virus is exposing socioeconomic fault lines: it’s harder to stay home with a head cold if you work casual shifts for minimum wage and can’t afford to miss a few days.” […]</p> <hr> </div> <header class="entry-header"> <h2 class="inner_text_heading"><a href="https://www.cumber.com/cumberland-advisors-market-commentary-some-thoughts-for-a-sunday-morning/" rel="bookmark">Some Thoughts for a Sunday Morning</a></h2> <h6><strong>Author:</strong> David R. Kotok, <strong>Post Date:</strong> August 2, 2020</h6> </header> <div class="entry-summary"> <p><a class="post-thumbnail" href="https://www.cumber.com/cumberland-advisors-market-commentary-some-thoughts-for-a-sunday-morning/"> <img class="attachment-post-thumbnail size-post-thumbnail wp-post-image" src="/sites/default/files/uploads/2020/08/Some-Thoughts-for-a-Sunday-Morning-672x372.jpg" sizes="(max-width: 672px) 100vw, 672px" srcset="/sites/default/files/uploads/2020/08/Some-Thoughts-for-a-Sunday-Morning-672x372.jpg 672w, /sites/default/files/uploads/2020/08/Some-Thoughts-for-a-Sunday-Morning-1038x576.jpg 1038w" alt="Some Thoughts for a Sunday Morning" width="672" height="372"> </a>Some Thoughts for a Sunday Morning #1 – Two quotes from Tocqueville: “Liberty cannot be established without morality, nor morality without faith” (Democracy in America, http://libertytree.ca/quotes/Alexis.de.Tocqueville.Quote.8AF2). “The greatness of America lies not in being more enlightened than any other nation, but rather in her ability to repair her faults” (Democracy in America,  https://en.wikiquote.org/wiki/Alexis_de_Tocqueville). #2 – […]</p> <hr> </div> <h2 class="inner_text_heading"><a href="https://www.cumber.com/cumberland-advisors-market-commentary-markets-election-axios-poll/" rel="bookmark">Markets, Election, Axios Poll</a></h2> <h6><strong>Author:</strong> David R. Kotok, <strong>Post Date:</strong> July 31, 2020</h6> </header> <div class="entry-summary"> <p><a class="post-thumbnail" href="https://www.cumber.com/cumberland-advisors-market-commentary-markets-election-axios-poll/"> <img class="attachment-post-thumbnail size-post-thumbnail wp-post-image aligncenter" src="/sites/default/files/uploads/2019/02/Market-Commentary-Cumberland-Advisors-Generic-for-2019-672x372.jpg" sizes="(max-width: 672px) 100vw, 672px" srcset="/sites/default/files/uploads/2019/02/Market-Commentary-Cumberland-Advisors-Generic-for-2019-672x372.jpg 672w, /sites/default/files/uploads/2019/02/Market-Commentary-Cumberland-Advisors-Generic-for-2019-1038x576.jpg 1038w" alt="Cumberland Advisors Market Commentary" width="672" height="372"> </a>For the next 100 days or so, the growing focus on the US election may drive news flows and alter markets. Remember, though, there is a chasm between what polls are saying now and what markets are pricing as expectations for tomorrow. Most market agents are looking at 2021 and are now focused on a […]</p> <hr> </div> <header class="entry-header"> <h2 class="inner_text_heading"><a href="https://www.cumber.com/cumberland-advisors-market-commentary-us-stock-market-sectors-gainesville-florida/" rel="bookmark">US Stock Market Sectors & Gainesville, Florida</a></h2> <h6><strong>Author:</strong> David R. Kotok, <strong>Post Date:</strong> July 29, 2020</h6> </header> <div class="entry-summary"> <p><a class="post-thumbnail" href="https://www.cumber.com/cumberland-advisors-market-commentary-us-stock-market-sectors-gainesville-florida/"> <img class="attachment-post-thumbnail size-post-thumbnail wp-post-image aligncenter" src="/sites/default/files/uploads/2020/07/Market-Commentary-Cumberland-Advisors-US-Stock-Market-Sectors-Gainesville-Florida-672x372.jpg" sizes="(max-width: 672px) 100vw, 672px" srcset="/sites/default/files/uploads/2020/07/Market-Commentary-Cumberland-Advisors-US-Stock-Market-Sectors-Gainesville-Florida-672x372.jpg 672w, /sites/default/files/uploads/2020/07/Market-Commentary-Cumberland-Advisors-US-Stock-Market-Sectors-Gainesville-Florida-1038x576.jpg 1038w" alt="Market Commentary - Cumberland Advisors - US Stock Market Sectors & Gainesville Florida" width="672" height="372"> </a>We were about to publish this commentary on the American stock market sectors when a news item about the healthcare sector crossed our screen. So we have decided to lead with it and then go to the stock market. Here is a fresh report about behavior and its consequences at a medical school in Gainesville, […]</p> <hr> </div> <header class="entry-header"></header> <div class="entry-summary"> <p>AAAAAAAAAAAAAAAAAAAA</p> <hr> </div> <header class="entry-header"></header> <h3 class="entry-summary" style="text-align: center;">Judith Monroe from CDC Foundation & David Kotok explore Zika & other initiatives of CDC</h3> <p style="text-align: center;"><iframe src='<a href="https://www.youtube.com/embed/rge2tC74kSc">https://www.youtube.com/embed/rge2tC74kSc</a>' allowfullscreen /></p> <div class="entry-summary"> <hr> </div> </header> </header> </header> </header> </header> </header> </header> <p>Links to other websites or electronic media controlled or offered by Third-Parties (non-affiliates of Cumberland Advisors) are provided only as a reference and courtesy to our users. Cumberland Advisors has no control over such websites, does not recommend or endorse any opinions, ideas, products, information, or content of such sites, and makes no warranties as to the accuracy, completeness, reliability or suitability of their content. Cumberland Advisors hereby disclaims liability for any information, materials, products or services posted or offered at any of the Third-Party websites. The Third-Party may have a privacy and/or security policy different from that of Cumberland Advisors. Therefore, please refer to the specific privacy and security policies of the Third-Party when accessing their websites.</p> <p><strong>Sign up for our <a href="https://www.cumber.com/market-commentary-email-sign-up">FREE Cumberland Market Commentaries</a></strong></p> <p>Cumberland Advisors Market Commentaries offer 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.</p> </header>

Material and commentaries published in the past may or may not be helpful in analyzing current economic or financial market activity. Please note publishing date when reviewing materials. Please email [email protected] for our current thoughts or to reach an advisor.

Cumberland Advisors Week in Review (Aug 10, 2020 - Aug 14, 2020)

CUMBERLAND ADVISORS' WEEKLY RECAP

ABOUT

CLIENTS

INVESTMENTS

MEDIA

OUR TEAM

DISCLOSURES

800.257.7013