Cumberland Advisors Week in Review (Aug 24, 2020 - Aug 28, 2020)

Cumberland Advisors

Sun Aug 30, 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> <div> <div> <div> <div>-I provide a chart for your perusal<br /> -It covers the performance of major market ETFs (data through Aug 25, 2020)<br /> -Software has had a monster week, a monster month, with names like Microsoft, Salesforce, Adobe sticking out<br /> -These companies and their software have really driven efficiencies in our businesses and personal lives<br /> -Marc Andreessen is an American entrepreneur, investor, and software engineer.<br /> - In 2011, Andreessen famously penned, "Why Software Is Eating The World" where he presented a vision of the future. He stipulated that software disrupts the future and predicted more and more businesses and industries adopting software and delivering online services over the next 10 years<br /> -Here we are in year 9 and we can see all the disruption and innovation by software</div> <div>-Hardware used to be the backbone of tech, but now it's software that's become the lifeblood in our business environment today.</div> <div>-We've see liquidity in the markets find a home in the growth area</div> <div>-We're seeing the bid in value sticking, giving us some breath in the market</div> <div>-Formulate 5 or 10 names on a list as "buy on pullback" opportunities</div> </div> </div> </div> </div> <p><strong>John Mousseau's Update on the Fixed Income Market</strong></p> <div>-Rising Stock Market and rising yields<br /> -Inflation expectation rising slightly<br /> -10yr & 30yr T-Bonds saw a rise this week, a signal that the investing community is expecting better times ahead<br /> -Durable goods and consumer spending higher<br /> -Disappointing so many are still out of work<br /> -Expectations for bond yields are going up<br /> -Next week: looking to see continued trend in bond market and we'll be watching the unemployment number</div> <p>Please reach out with any questions/comments you may have about this update; we appreciate your calls, comments, and emails. Watch this week's video in the player above or at this link: <a href="https://youtu.be/yZ4V2pMTIAk" target="_blank" rel="nofollow noopener noreferrer">https://youtu.be/yZ4V2pMTIAk</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"> <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/barrons-shinzo-abes-resignation-could-be-an-entry-point-for-japanese-stocks-analysts-say/" target="_blank" rel="noopener noreferrer">Barron’s – Shinzo Abe’s Resignation Could Be an Entry Point for Japanese Stocks, Analysts Say</a></h2> <p>Quoted: William Witherell, Ph.D. | Posted on: 08/28/2020 <a class="read" href="https://www.cumber.com/barrons-shinzo-abes-resignation-could-be-an-entry-point-for-japanese-stocks-analysts-say/" 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-insider-buyings-positive-message/" target="_blank" rel="noopener noreferrer">Barron’s – Insider Buying’s Positive Message</a></h2> <p>Quoted: Leo Chen, Ph.D. | Posted on: 08/27/2020 <a class="read" href="https://www.cumber.com/barrons-insider-buyings-positive-message/" 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/cnn---wall-streets-worst-nightmare-isnt-trump-or-biden-its-no-clear-winner-at-all/" target="_blank" rel="noopener noreferrer">CNN – Wall Street’s worst nightmare isn’t Trump or Biden. It’s no clear winner at all</a></h2> <p>Quoted: David R. Kotok | Posted on: 08/20/2020 <a class="read" href="https://www.cumber.com/cnn---wall-streets-worst-nightmare-isnt-trump-or-biden-its-no-clear-winner-at-all/" 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/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> </div> </div> </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"> <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-fomc-and-revisions-to-its-longer-run-policy-strategy/" rel="bookmark">FOMC and Revisions to Its Longer-Run Policy Strategy</a></h2> <h6><strong>Author:</strong> Robert Eisenbeis, Ph.D., <strong>Post Date:</strong> August 28, 2020</h6> </header> <div class="entry-summary"> <p><a class="post-thumbnail" href="https://www.cumber.com/cumberland-advisors-market-commentary-fomc-and-revisions-to-its-longer-run-policy-strategy/"> <img class="attachment-post-thumbnail size-post-thumbnail wp-post-image aligncenter" src="/sites/default/files/uploads/2020/08/Market-Commentary-Cumberland-Advisors-FOMC-and-Revisions-to-Its-Longer-Run-Policy-Strategy-672x372.jpg" sizes="(max-width: 672px) 100vw, 672px" srcset="/sites/default/files/uploads/2020/08/Market-Commentary-Cumberland-Advisors-FOMC-and-Revisions-to-Its-Longer-Run-Policy-Strategy-672x372.jpg 672w, /sites/default/files/uploads/2020/08/Market-Commentary-Cumberland-Advisors-FOMC-and-Revisions-to-Its-Longer-Run-Policy-Strategy-1038x576.jpg 1038w" alt="Market Commentary - Cumberland Advisors - FOMC and Revisions to Its Longer-Run Policy Strategy" width="672" height="372" /> </a>On the day of Chairman Powell’s opening speech for this year’s virtual annual Jackson Hole Economic Policy Symposium, hosted by the Kansas City Fed, the Federal Reserve released an update to its January 2012 “Statement on Longer-Run Goals and Monetary Policy Strategy.” This commentary describes the changes in the strategy and discusses what may be […]</p> <hr /> </div> <header class="entry-header"> <h2 class="inner_text_heading"><a href="https://www.cumber.com/cumberland-advisors-market-commentary-hurricanes/" rel="bookmark">Hurricanes</a></h2> <h6><strong>Author:</strong> David R. Kotok, <strong>Post Date:</strong> August 27, 2020</h6> </header> <div class="entry-summary"> <p><a class="post-thumbnail" href="https://www.cumber.com/cumberland-advisors-market-commentary-hurricanes/"> <img class="attachment-post-thumbnail size-post-thumbnail wp-post-image aligncenter" src="/sites/default/files/uploads/2019/05/CA-David-Kotok-With-Description-Blue-672x372.jpg" sizes="(max-width: 672px) 100vw, 672px" srcset="/sites/default/files/uploads/2019/05/CA-David-Kotok-With-Description-Blue-672x372.jpg 672w, /sites/default/files/uploads/2019/05/CA-David-Kotok-With-Description-Blue-1038x576.jpg 1038w" alt="David R. Kotok" width="672" height="372" /> </a>In the Indian Ocean they are called cyclones, in the Pacific Ocean, typhoons. The latter term comes from the Chinese tai fung, which translates as “great wind.” The Kʼicheʼ Mayans called their god of wind, storm, and fire Hurakan. European colonists adopted the word, and it became hurricane. (Source: A Furious Sky: The Five-Hundred-Year History of America’s […]</p> <hr /> </div> <header class="entry-header"> <h2 class="inner_text_heading"><a href="https://www.cumber.com/cumberland-advisors-market-commentary-insider-trading-what-does-it-tell-us/" rel="bookmark">Insider Trading—What Does It Tell Us?*</a></h2> <h6><strong>Author:</strong> Leo Chen, Ph.D., <strong>Post Date:</strong> August 26, 2020</h6> </header> <div class="entry-summary"> <p><a class="post-thumbnail" href="https://www.cumber.com/cumberland-advisors-market-commentary-insider-trading-what-does-it-tell-us/"><img class="attachment-post-thumbnail size-post-thumbnail wp-post-image aligncenter" src="/sites/default/files/uploads/2020/08/Market-Commentary-Cumberland-Advisors-Insider-Trading-Leo-Chen-672x372.jpg" sizes="(max-width: 672px) 100vw, 672px" srcset="/sites/default/files/uploads/2020/08/Market-Commentary-Cumberland-Advisors-Insider-Trading-Leo-Chen-672x372.jpg 672w, /sites/default/files/uploads/2020/08/Market-Commentary-Cumberland-Advisors-Insider-Trading-Leo-Chen-1038x576.jpg 1038w" alt="Market Commentary - Cumberland Advisors - Insider Trading (Leo Chen)" width="672" height="372" /></a>Insider trading often refers to acting on material nonpublic information. However, when company employees buy and sell their own stocks, it is also called insider trading, which is permitted by the SEC. We will only discuss the second type of insider trading today. As many investors have wondered, is it a fair game for outsiders […]</p> </div> <hr /> <header class="entry-header"> <h2 class="inner_text_heading"><a href="https://www.cumber.com/cumberland-advisors-market-commentary-libor-vs-sofr/" rel="bookmark">LIBOR vs. SOFR</a></h2> <h6><strong>Author:</strong> David R. Kotok, <strong>Post Date:</strong> August 24, 2020</h6> </header> <div class="entry-summary"> <p><a class="post-thumbnail" href="https://www.cumber.com/cumberland-advisors-market-commentary-libor-vs-sofr/"> <img class="attachment-post-thumbnail size-post-thumbnail wp-post-image aligncenter" src="/sites/default/files/uploads/2020/08/Market-Commentary-Cumberland-Advisors-LIBOR-vs.-SOFR-672x372.jpg" sizes="(max-width: 672px) 100vw, 672px" srcset="/sites/default/files/uploads/2020/08/Market-Commentary-Cumberland-Advisors-LIBOR-vs.-SOFR-672x372.jpg 672w, /sites/default/files/uploads/2020/08/Market-Commentary-Cumberland-Advisors-LIBOR-vs.-SOFR-1038x576.jpg 1038w" alt="Market Commentary - Cumberland Advisors - LIBOR vs. SOFR" width="672" height="372" /> </a>My friend Christopher Whalen has written an excellent commentary on the ongoing debate about LIBOR versus SOFR (the secured overnight funding rate). Here’s the link to his publicly available essay: https://www.theinstitutionalriskanalyst.com/post/libor-is-dead-long-live-sofr-really. We recommend Chris’s analysis as a “five-star must-read” for any investor, banker, credit officer, analyst, or student of monetary economics and policy. LIBOR still […]</p> <hr /> </div> <header class="entry-header"> <h2 class="inner_text_heading"><a href="https://www.cumber.com/cumberland-advisors-market-commentary-beveridge-curves/" rel="bookmark">Beveridge Curves</a></h2> <h6><strong>Author: </strong>David R. Kotok, <strong>Post Date:</strong> August 23, 2020</h6> </header> <div class="entry-summary"> <p><a class="post-thumbnail" href="https://www.cumber.com/cumberland-advisors-market-commentary-beveridge-curves/"> <img class="attachment-post-thumbnail size-post-thumbnail wp-post-image aligncenter" src="/sites/default/files/uploads/2020/08/Beveridge-Curves-Aug-2020-600x372.png" alt="Beveridge Curves Aug 2020" width="600" height="372" /> </a></p> <p>We’ve prepared a series of Beveridge curve graphics so that readers can see the dramatic changes in the composition and direction of various labor-force-related measures. We are using a visual Beveridge curve approach. The charts (30 of them) are available from our website. Below is the link. https://cumber.com/pdf/Beveridge-Curves-Covid-Aug-2020.pdf The 30 charts are graphic and dramatic […]</p> <hr /> </div> <h2 class="inner_text_heading"><a href="https://www.cumber.com/cumberland-advisors-market-commentary-japans-economy-stocks-and-corporate-governance/" rel="bookmark">Japan’s Economy, Stocks, and Corporate Governance</a></h2> <h6><strong>Author:</strong> William Witherell, Ph.D., <strong>Post Date:</strong> August 20, 2020</h6> </header> <div class="entry-summary"><a class="post-thumbnail" href="https://www.cumber.com/cumberland-advisors-market-commentary-japans-economy-stocks-and-corporate-governance/"> <img class="attachment-post-thumbnail size-post-thumbnail wp-post-image aligncenter" src="/sites/default/files/uploads/2020/08/Market-Commentary-Cumberland-Advisors-Japans-Economy-Stocks-and-Corporate-Governance-672x372.jpg" sizes="(max-width: 672px) 100vw, 672px" srcset="/sites/default/files/uploads/2020/08/Market-Commentary-Cumberland-Advisors-Japans-Economy-Stocks-and-Corporate-Governance-672x372.jpg 672w, /sites/default/files/uploads/2020/08/Market-Commentary-Cumberland-Advisors-Japans-Economy-Stocks-and-Corporate-Governance-1038x576.jpg 1038w" alt="Market Commentary - Cumberland Advisors - Japan’s Economy, Stocks, and Corporate Governance" width="672" height="372" /> </a></div> <div></div> <div class="entry-summary"> <p>The Japanese economy, the globe’s third largest (following those of the US and China), shrank by a record 7.8% in the second quarter. This decline was less than the 9.5% fall in the US economy and the 10.1% drop in the German economy. However, it was more than double neighboring South Korea’s 3.3% drop. Taiwan’s […]</p> <hr /> </div> <h2 class="inner_text_heading"><a href="https://www.cumber.com/cumberland-advisors-market-commentary-inflation/" rel="bookmark">Inflation?</a></h2> <h6><strong>Author:</strong> Robert Eisenbeis, Ph.D., <strong>Post Date:</strong> August 19, 2020</h6> </header> <div class="entry-summary"><a class="post-thumbnail" href="https://www.cumber.com/cumberland-advisors-market-commentary-inflation/"> <img class="attachment-post-thumbnail size-post-thumbnail wp-post-image aligncenter" src="/sites/default/files/uploads/2017/12/Cumberland-White-Logo-Blue-BG-672x372.jpg" sizes="(max-width: 672px) 100vw, 672px" srcset="/sites/default/files/uploads/2017/12/Cumberland-White-Logo-Blue-BG-672x372.jpg 672w, /sites/default/files/uploads/2017/12/Cumberland-White-Logo-Blue-BG-1038x576.jpg 1038w" alt="Cumberland Advisors' Robert "Bob" Eisenbeis, Ph.D." width="672" height="372" /> </a></div> <div></div> <div class="entry-summary"> <p>During an August 14, 2020, lecture at the Center for Financial Stability, Charles Goodhart (former member of the Bank of England’s Monetary Policy Committee and professor at the London School of Economics) mused about the US’s current economic slowdown and the prospects for inflation that might result because of the extraordinary increase in the money […]</p> <hr /> </div> <h2 class="inner_text_heading"><a href="https://www.cumber.com/cumberland-advisors-market-commentary-diverse-political-views-markets/" rel="bookmark">Diverse Political Views & Markets</a></h2> <h6><strong>Author:</strong> , <strong>Post Date:</strong> August 17, 2020</h6> </header> <div class="entry-summary"><a class="post-thumbnail" href="https://www.cumber.com/cumberland-advisors-market-commentary-diverse-political-views-markets/"> <img class="attachment-post-thumbnail size-post-thumbnail wp-post-image aligncenter" src="/sites/default/files/uploads/2020/08/Market-Commentary-Cumberland-Advisors-Diverse-Political-Views-Markets-672x372.jpg" sizes="(max-width: 672px) 100vw, 672px" srcset="/sites/default/files/uploads/2020/08/Market-Commentary-Cumberland-Advisors-Diverse-Political-Views-Markets-672x372.jpg 672w, /sites/default/files/uploads/2020/08/Market-Commentary-Cumberland-Advisors-Diverse-Political-Views-Markets-1038x576.jpg 1038w" alt="Market Commentary - Cumberland Advisors - Diverse Political Views & Markets" width="672" height="372" /> </a></div> <div></div> <div class="entry-summary"> <p>The US presidential race may be tighter than many think. Let’s survey diverse perspectives on the race, its issues, and its market implications, starting with Nate Silver’s August 16 analysis at FiveThirtyEight. 1. Nate Silver explains his thesis, that a Trump win cannot be counted out: “While the polls have been stable so far this […]</p> <hr /> </div> <h2 class="inner_text_heading"><a href="https://www.cumber.com/cumberland-advisors-market-commentary-sunday-report-gainesville-party-responses/" rel="bookmark">Sunday Report: Gainesville Party Responses</a></h2> <h6><strong>Author:</strong> , <strong>Post Date:</strong> August 16, 2020</h6> </header> <div class="entry-summary"><a class="post-thumbnail" href="https://www.cumber.com/cumberland-advisors-market-commentary-sunday-report-gainesville-party-responses/"> <img class="attachment-post-thumbnail size-post-thumbnail wp-post-image aligncenter" src="/sites/default/files/uploads/2020/08/Market-Commentary-Cumberland-Advisors-Sunday-Report-Gainesville-Party-Responses-672x372.jpg" sizes="(max-width: 672px) 100vw, 672px" srcset="/sites/default/files/uploads/2020/08/Market-Commentary-Cumberland-Advisors-Sunday-Report-Gainesville-Party-Responses-672x372.jpg 672w, /sites/default/files/uploads/2020/08/Market-Commentary-Cumberland-Advisors-Sunday-Report-Gainesville-Party-Responses-1038x576.jpg 1038w" alt="Market Commentary - Cumberland Advisors - Sunday Report Gainesville Party Responses" width="672" height="372" /> </a></div> <div></div> <div class="entry-summary"> <p>On July 29, I posed questions to readers in a commentary titled “US Stock Market Sectors and Gainesville, Florida,” https://www.cumber.com/cumberland-advisors-market-commentary-us-stock-market-sectors-gainesville-florida/. News had just broken about University of Florida Health anesthesiology residents and one fellow who had contracted COVID-19 infections at an off-campus party (“18 in UF Health anesthesiology contract virus after party,” https://www.gainesville.com/news/20200727/18-in-uf-health-anesthesiology-contract-virus-after-party). I asked, “Should the school […]</p> <hr /> </div> <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 aligncenter" 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></div> <div></div> <div class="entry-summary"> <p>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 aligncenter" 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></div> <div></div> <div class="entry-summary">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 […]</div> <div class="entry-summary"> <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 aligncenter" 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></div> <div></div> <div class="entry-summary"> <p>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 aligncenter" 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></div> <div></div> <div class="entry-summary">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 […]</div> <div></div> <div class="entry-summary"> <hr /> </div> </header> </header> </header> </header> <header class="entry-header"></header> <h3 class="entry-summary" style="text-align: center;">Sarasota Chamber Small Business Awards</h3> <p><a href="https://www.sarasotachamber.com/"><img class="aligncenter wp-image-53333 size-full" src="/sites/default/files/uploads/2020/08/general-sba-logo_1.jpg" alt="Greater Sarasota Chamber Frank G. Berlin, Sr. Small Business Awards" width="600" height="146" /></a></p> <p>Cumberland Advisors was the 2019 Professional Services Business of the Year winner, and we're happy to share and congratulate this year's 2020 Frank G. Berlin Sr. Small Business Award winners from the Greater Sarasota Chamber.</p> <p>Story at Sarasota Herald Tribune: <a href="https://www.heraldtribune.com/story/business/2020/08/28/small-businesses-feted-sarasota-chamber-commerce/5647676002/" target="_blank" rel="nofollow noopener noreferrer">https://www.heraldtribune.com/story/business/2020/08/28/small-businesses-feted-sarasota-chamber-commerce/5647676002/</a></p> <p style="text-align: center;"><iframe src='<a href="https://www.youtube.com/embed/1cm_E5MuLdU&feature=youtu.be">https://www.youtube.com/embed/1cm_E5MuLdU&feature=youtu.be</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 24, 2020 - Aug 28, 2020)

CUMBERLAND ADVISORS' WEEKLY RECAP

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