Cumberland Advisors Week in Review (Dec 07, 2020 - Dec 11, 2020)

Cumberland Advisors

Sun Dec 13, 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><strong>John Mousseau & Fixed Income / Munis</strong><br /> -Bond Market- yields came down this week, a flattening of the yield curve<br /> -Why?<br /> --COVID cases up outweighing good vaccine news<br /> --Stimulus bill looks to be coming sooner rather than later, but still no progress<br /> --Jobless claims number higher than expected<br /> --Inflation benign .CPI where expected.<br /> -Munis? Not down as much as Treasuries, about 1-3bps across the board.<br /> -In the muni world, we're seeing big demand for BBB bonds. Investors want the higher yield and want to stay in investment grade munis, which BBB are. They want their cake and to eat it too!<br /> -This is a good time to look at credit quality and upgrade credit within bond portfolios<br /> -Things are looking to quiet down as we head to year's end</p> <p><strong>Matt McAleer & Equities / ETFs</strong><br /> -Fairly quiet week, DOW & S&P off about 1%<br /> -Small caps continued with their bid<br /> -In our US Equity strategy, it has benefited from the bid in small/mid<br /> -In our Tactical strategy, we're still overweight Large cap<br /> -We often talk about diversification among securities, but you also want to be diversified in your strategies. Matt explains with an example with financials/banks.<br /> -Complimentary strategies work to achieve our goals of "what are we trying to accomplish", "where do we want to go", and "how do we get there"<br /> -We cover these things all the time with existing and prospective clients<br /> -One strategy alone doesn't tend to achieve everything we want</p> <div> <div> <div> <div>Please reach out with any questions/feedback 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/-FuPp8h5CDY" target="_blank" rel="noopener">https://youtu.be/-FuPp8h5CDY</a></div> </div> </div> </div> <p><strong>-Matt McAleer & Cumberland Advisors</strong></p> <p>Send your feedback from today's email/video to Matt. You can reach him at:<br /> <em>-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></em><br /> <em>-Link to Matt's Twitter: <a href="https://twitter.com/MattMcAleer4">https://twitter.com/MattMcAleer4</a></em><br /> <em>-Link to Matt's LinkedIn: <a href="https://www.linkedin.com/in/matthew-c-mcaleer/">https://www.linkedin.com/in/matthew-c-mcaleer/</a></em><br /> <em>-Call Matt: <a href="tel:800-257-7013p346" target="_blank" rel="noopener noreferrer">(800) 257-7013</a>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.</em></p> </div> <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 /> <p><a href="/sites/default/files/uploads/2020/12/CAN-In-The-News.png"><img class="aligncenter size-full wp-image-54379" src="/sites/default/files/uploads/2020/12/CAN-In-The-News.png" alt="CA In The News" width="762" height="94" /></a>David R. Kotok mentioned in <strong>"University of South Florida to launch new COVID-19 training program for nurses as cases climb"</strong></p> <p>By: Larissa Scott - abcactionnews.com<br /> Posted Dec 08, 2020</p> <p>Excerpt below:</p> <p><em>TAMPA — The University of South Florida is launching a new COVID-19 training program for nurses.</em></p> <p><em>The school received a $57,000 donation from Sarasota businessman David Kotok that will allow USF to produce and implement an education program directed for frontline nurses.</em></p> <p><em>It will consist of webinars and podcasts that will provide nurses caring for COVID-19 patients with resources and education to help them safely do their jobs during the pandemic.</em></p> <p>Read the full story & watch the video segment here: <a href="https://www.abcactionnews.com/news/coronavirus/university-of-south-florida-to-launch-new-covid-19-training-program-for-nurses-as-cases-climb" target="_blank" rel="noopener">https://www.abcactionnews.com/news/coronavirus/university-of-south-florida-to-launch-new-covid-19-training-program-for-nurses-as-cases-climb</a></p> <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>Read current and past commentaries here: <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"> <h2 class="inner_text_heading"><a href="https://www.cumber.com/cumberland-advisors-market-commentary-siesta-longboat-covid-masks-more/" rel="bookmark">Siesta, Longboat, COVID, Masks & More</a></h2> <h6><strong>Author:</strong> David R. Kotok, <strong>Post Date:</strong> December 11, 2020</h6> </header> <div class="entry-summary"> <p><a class="post-thumbnail" href="https://www.cumber.com/cumberland-advisors-market-commentary-siesta-longboat-covid-masks-more/"> <img class="attachment-post-thumbnail size-post-thumbnail wp-post-image" src="/sites/default/files/uploads/2020/12/Market-Commentary-Cumberland-Advisors-Siesta-Longboat-COVID-Masks-More-672x372.jpg" sizes="(max-width: 672px) 100vw, 672px" srcset="/sites/default/files/uploads/2020/12/Market-Commentary-Cumberland-Advisors-Siesta-Longboat-COVID-Masks-More-672x372.jpg 672w, /sites/default/files/uploads/2020/12/Market-Commentary-Cumberland-Advisors-Siesta-Longboat-COVID-Masks-More-1038x576.jpg 1038w" alt="Market Commentary - Cumberland Advisors - Siesta, Longboat, COVID, Masks & More" width="672" height="372" /> </a></p> <p>Sarasota-based, Cumberland champions mask wearing and other COVID-prevention measures. We also champion business. We believe that Florida’s economics are better served with basic prevention measures in place. We would not lock down everything. We would require basic civic responsibilities, such as mask wearing in a deadly pandemic. The principle is the same as permitting or […]</p> </div> <hr /> <header class="entry-header"> <h2 class="inner_text_heading"><a href="https://www.cumber.com/cumberland-advisors-market-commentary-chris-whalen-on-gses/" rel="bookmark">Chris Whalen on GSEs</a></h2> <h6><strong>Author:</strong> David R. Kotok, <strong>Post Date:</strong> December 8, 2020</h6> </header> <div class="entry-summary"> <p><a class="post-thumbnail" href="https://www.cumber.com/cumberland-advisors-market-commentary-chris-whalen-on-gses/"> <img class="attachment-post-thumbnail size-post-thumbnail wp-post-image" src="/sites/default/files/uploads/2020/12/Nonbank-Update_-PennyMac-Financial-Services-672x372.png" alt=""C:\Users\Angela Colvin\Pictures\Screenshots\Nonbank Update_ PennyMac Financial Services.png"" width="672" height="372" /> </a></p> <p>Several folks have asked us about the status of the GSEs under the Biden regime. Some may be invested in some of the troubled securities issued by GSEs. Some argue that the US Treasury Secretary can rectify the problem without the help of Congress. We do not agree. We do not expect any help for […]</p> </div> <hr /> <header class="entry-header"> <h2 class="inner_text_heading"><a href="https://www.cumber.com/cumberland-advisors-market-commentary-jobs-as-yearend-approaches/" rel="bookmark">Jobs – As Yearend Approaches</a></h2> <h6><strong>Author:</strong> Robert Eisenbeis, Ph.D., <strong>Post Date:</strong> December 7, 2020</h6> </header> <div class="entry-summary"> <p><a class="post-thumbnail" href="https://www.cumber.com/cumberland-advisors-market-commentary-jobs-as-yearend-approaches/"> <img class="attachment-post-thumbnail size-post-thumbnail wp-post-image" src="/sites/default/files/uploads/2020/12/Cumberland-Advisors-Market-Commentary-Jobs-–-As-Yearend-Approaches-Eisenbeis-672x372.jpg" sizes="(max-width: 672px) 100vw, 672px" srcset="/sites/default/files/uploads/2020/12/Cumberland-Advisors-Market-Commentary-Jobs-–-As-Yearend-Approaches-Eisenbeis-672x372.jpg 672w, /sites/default/files/uploads/2020/12/Cumberland-Advisors-Market-Commentary-Jobs-–-As-Yearend-Approaches-Eisenbeis-1038x576.jpg 1038w" alt="Jobs – As Yearend Approaches (Eisenbeis)" width="672" height="372" /> </a></p> <p>On Friday we got the last look at how the economy is performing, jobs-wise, before the end of the year. On the positive side, the economy did create 245,000 jobs in November, and the unemployment rate edged down to 6.7 percent. We note that critics argue the estimate is too low due to problems within […]</p> </div> <hr /> <header class="entry-header"> <h2 class="inner_text_heading"><a href="https://www.cumber.com/a-twinkle-for-sunday/" rel="bookmark"> A Twinkle for Sunday</a></h2> <h6><strong>Author:</strong> David R. Kotok, <strong>Post Date:</strong> December 6, 2020</h6> </header> <div class="entry-summary"> <p><a class="post-thumbnail" href="https://www.cumber.com/a-twinkle-for-sunday/"> <img class="attachment-post-thumbnail size-post-thumbnail wp-post-image" src="/sites/default/files/uploads/2020/12/Market-Commentary-Cumberland-Advisors-A-Twinkle-for-Sunday-672x372.jpg" sizes="(max-width: 672px) 100vw, 672px" srcset="/sites/default/files/uploads/2020/12/Market-Commentary-Cumberland-Advisors-A-Twinkle-for-Sunday-672x372.jpg 672w, /sites/default/files/uploads/2020/12/Market-Commentary-Cumberland-Advisors-A-Twinkle-for-Sunday-1038x576.jpg 1038w" alt="Market Commentary - Cumberland Advisors - A Twinkle for Sunday" width="672" height="372" /> </a></p> <p>“Twinkle, Twinkle, Little Star” existed first as a poem. Written by Jane Taylor and first published in 1806, it was titled simply “The Star.” It was not until 1838 that “Twinkle, Twinkle, Little Star” appeared in print as a song, in a collection called The Singing Master: First Class Tune Book, paired with the tune […]</p> </div> <hr /> <h2 class="inner_text_heading"><a href="https://www.cumber.com/cumberland-advisors-market-commentary-interest-rates-and-yield-curve-control-part-4/" rel="bookmark">Interest Rates and Yield Curve Control, Part 4</a></h2> <h6><strong>Author:</strong> David R. Kotok, <strong>Post Date:</strong> December 4, 2020</h6> </header> <div class="entry-summary"> <p><a class="post-thumbnail" href="https://www.cumber.com/cumberland-advisors-market-commentary-interest-rates-and-yield-curve-control-part-4/"><img class="attachment-post-thumbnail size-post-thumbnail wp-post-image" src="/sites/default/files/uploads/2020/12/Market-Commentary-Cumberland-Advisors-Interest-Rates-and-Yield-Curve-Control-Part-4-672x372.jpg" sizes="(max-width: 672px) 100vw, 672px" srcset="/sites/default/files/uploads/2020/12/Market-Commentary-Cumberland-Advisors-Interest-Rates-and-Yield-Curve-Control-Part-4-672x372.jpg 672w, /sites/default/files/uploads/2020/12/Market-Commentary-Cumberland-Advisors-Interest-Rates-and-Yield-Curve-Control-Part-4-1038x576.jpg 1038w" alt="Market Commentary - Cumberland Advisors - Interest Rates and Yield Curve Control, Part 4" width="672" height="372" /></a></p> <p>In Part 4 of our series on interest rates and yield curve control, we will examine two charts and two related tables to help explain yield curve control and implications for the Treasurys market. The first three parts are available here: Part 1, https://www.cumber.com/cumberland-advisors-market-commentary-interest-rates-and-yield-curve-control-part-1/ Part 2, https://www.cumber.com/cumberland-advisors-market-commentary-interest-rates-and-yield-curve-control-part-2/ Part 3, https://www.cumber.com/cumberland-advisors-market-commentary-interest-rates-and-yield-curve-control-part-3/. The first chart and table […]</p> </div> <hr /> <header class="entry-header"> <h2 class="inner_text_heading"><a href="https://www.cumber.com/cumberland-advisors-market-commentary-the-cumberland-state-of-despair-index/" rel="bookmark">The Cumberland State of Despair Index</a></h2> <h6><strong>Author:</strong> John R. Mousseau, CFA & Patricia Healy, CFA & Tom Patterson, <strong>Post Date:</strong> December 3, 2020</h6> </header> <div class="entry-summary"> <p><a class="post-thumbnail" href="https://www.cumber.com/cumberland-advisors-market-commentary-the-cumberland-state-of-despair-index/"><img class="attachment-post-thumbnail size-post-thumbnail wp-post-image" src="/sites/default/files/uploads/2020/12/Market-Commentary-Cumberland-Advisors-The-Cumberland-State-of-Despair-Index-Mousseau-Healy-Patterson-672x372.jpg" sizes="(max-width: 672px) 100vw, 672px" srcset="/sites/default/files/uploads/2020/12/Market-Commentary-Cumberland-Advisors-The-Cumberland-State-of-Despair-Index-Mousseau-Healy-Patterson-672x372.jpg 672w, /sites/default/files/uploads/2020/12/Market-Commentary-Cumberland-Advisors-The-Cumberland-State-of-Despair-Index-Mousseau-Healy-Patterson-1038x576.jpg 1038w" alt="Market Commentary - Cumberland Advisors - The Cumberland State of Despair Index (Mousseau & Healy + Patterson)" width="672" height="372" /></a></p> <p>The Cumberland State of Despair Index tries to capture the despair caused by unemployment brought on by the pandemic and COVID-19 infection rates on a state-by-state basis. This State of Despair Index will be applied as a variable in our credit-scoring model.</p> </div> <hr /> <header class="entry-header"> <h2 class="inner_text_heading"><a href="https://www.cumber.com/cumberland-advisors-market-commentary-decision-time-for-the-uk-and-europe/" rel="bookmark">Decision Time for the UK and Europe</a></h2> <h6><strong>Author:</strong> William Witherell, Ph.D., <strong>Post Date:</strong> December 2, 2020</h6> </header> <div class="entry-summary"> <p><a class="post-thumbnail" href="https://www.cumber.com/cumberland-advisors-market-commentary-decision-time-for-the-uk-and-europe/"><img class="attachment-post-thumbnail size-post-thumbnail wp-post-image" src="/sites/default/files/uploads/2020/12/Market-Commentary-Cumberland-Advisors-Decision-Time-for-the-UK-and-Europe-by-William-Witherell-Ph.D-672x372.jpg" sizes="(max-width: 672px) 100vw, 672px" srcset="/sites/default/files/uploads/2020/12/Market-Commentary-Cumberland-Advisors-Decision-Time-for-the-UK-and-Europe-by-William-Witherell-Ph.D-672x372.jpg 672w, /sites/default/files/uploads/2020/12/Market-Commentary-Cumberland-Advisors-Decision-Time-for-the-UK-and-Europe-by-William-Witherell-Ph.D-1038x576.jpg 1038w" alt="Market Commentary - Cumberland Advisors - Decision Time for the UK and Europe by William Witherell, Ph.D" width="672" height="372" /></a></p> <p>Time is running out for the UK and Europe to reach an agreement on the terms under which the UK will leave the European Union (EU) at year end. Also, the member countries of the European Union have yet to reach final agreement on a much-needed, massive additional fiscal stimulus package. The substance and timing […]</p> </div> <hr /> <header class="entry-header"> <h2 class="inner_text_heading"><a href="https://www.cumber.com/cumberland-advisors-market-commentary-not-as-it-seems/" rel="bookmark">Not As It Seems</a></h2> <h6><strong>Author:</strong> Robert Eisenbeis, Ph.D., <strong>Post Date:</strong> December 1, 2020</h6> </header> <div class="entry-summary"> <p><a class="post-thumbnail" href="https://www.cumber.com/cumberland-advisors-market-commentary-not-as-it-seems/"><img class="attachment-post-thumbnail size-post-thumbnail wp-post-image" src="/sites/default/files/uploads/2020/12/Cumberland-Advisors-Market-Commentary-Not-As-It-Seems-Eisenbeis-672x372.jpg" sizes="(max-width: 672px) 100vw, 672px" srcset="/sites/default/files/uploads/2020/12/Cumberland-Advisors-Market-Commentary-Not-As-It-Seems-Eisenbeis-672x372.jpg 672w, /sites/default/files/uploads/2020/12/Cumberland-Advisors-Market-Commentary-Not-As-It-Seems-Eisenbeis-1038x576.jpg 1038w" alt="Not As It Seems (Eisenbeis)" width="672" height="372" /></a></p> <p>On November 19, Treasury Secretary Mnuchin sent a letter to the Federal Reserve Board requesting a 90-day extension of several Fed programs to provide liquidity to financial markets, including the Commercial Paper Funding Facility, the Primary Dealer Credit Facility, the Money Market Liquidity Facility, and the Paycheck Protection Liquidity Facility. Those programs were backstopped by […]</p> </div> <hr /> </header> <header class="entry-header"> <h2 class="inner_text_heading"><a href="https://www.cumber.com/cumberland-advisors-market-commentary-feds-path-also-why-barbell-not-ladder/" rel="bookmark">Fed’s Path; also Why Barbell, Not Ladder</a></h2> <h6><strong>Author:</strong> David R. Kotok, <strong>Post Date:</strong> November 30, 2020</h6> </header> <div class="entry-summary"> <p><a class="post-thumbnail" href="https://www.cumber.com/cumberland-advisors-market-commentary-feds-path-also-why-barbell-not-ladder/"><img class="attachment-post-thumbnail size-post-thumbnail wp-post-image" src="/sites/default/files/uploads/2020/11/Feds-Path-also-Why-Barbell-Not-Ladder-672x372.jpg" sizes="(max-width: 672px) 100vw, 672px" srcset="/sites/default/files/uploads/2020/11/Feds-Path-also-Why-Barbell-Not-Ladder-672x372.jpg 672w, /sites/default/files/uploads/2020/11/Feds-Path-also-Why-Barbell-Not-Ladder-1038x576.jpg 1038w" alt="Fed's Path- also Why Barbell, Not Ladder" width="672" height="372" /></a></p> <p>The Federal Reserve has grunted out small noises about maybe some future peeling back on the QE. Many analysts have dissected the Fed’s words and offered opinions. A warning for investors: “Watch what they do and not what they say.”</p> </div> </header> <hr /> <header class="entry-header"> <h2 class="inner_text_heading"><a href="https://www.cumber.com/cumberland-advisors-market-commentary-esg-investing-arctic-ice-derek-riley-story-at-the-end/" rel="bookmark">ESG Investing, Arctic Ice & Derek Riley (story at the end)</a></h2> <h6><strong>Author:</strong> David R. Kotok, <strong>Post Date:</strong> November 29, 2020</h6> </header> <div class="entry-summary"> <p><a class="post-thumbnail" href="https://www.cumber.com/cumberland-advisors-market-commentary-esg-investing-arctic-ice-derek-riley-story-at-the-end/"> <img class="attachment-post-thumbnail size-post-thumbnail wp-post-image" src="/sites/default/files/uploads/2020/11/Market-Commentary-Cumberland-Advisors-David-Sunday-ESG-investing-Arctic-Ice-Derek-Riley-672x372.jpg" sizes="(max-width: 672px) 100vw, 672px" srcset="/sites/default/files/uploads/2020/11/Market-Commentary-Cumberland-Advisors-David-Sunday-ESG-investing-Arctic-Ice-Derek-Riley-672x372.jpg 672w, /sites/default/files/uploads/2020/11/Market-Commentary-Cumberland-Advisors-David-Sunday-ESG-investing-Arctic-Ice-Derek-Riley-1038x576.jpg 1038w" alt="Market-Commentary-Cumberland-Advisors-David-Sunday-ESG investing, Arctic Ice & Derek Riley" width="672" height="372" /> </a>We expect the new Biden administration to reverse on a massive scale Trump’s deregulation of energy and to turn strongly to sustainable-energy policy. The implications for investing in ESG are huge. Cumberland holds positions in wind, solar and water and we expect to hold those positions for a long cycle of growth. Markets are already […]</p> </div> <header class="entry-header"> <div class="entry-summary"> <hr /> </div> <header class="entry-header"> <h2 class="inner_text_heading"><a href="https://www.cumber.com/cumberland-advisors-market-commentary-fed-vacancies-the-dilemma-as-of-11-23-2020/" rel="bookmark">Fed Vacancies – the Dilemma As of 11/23/2020</a></h2> <h6><strong>Author:</strong> Robert Eisenbeis, Ph.D., <strong>Post Date:</strong> November 23, 2020</h6> </header> <div class="entry-summary"> <p><a class="post-thumbnail" href="https://www.cumber.com/cumberland-advisors-market-commentary-fed-vacancies-the-dilemma-as-of-11-23-2020/"><img class="attachment-post-thumbnail size-post-thumbnail wp-post-image aligncenter" src="/sites/default/files/uploads/2019/05/Federal-Reserve-Building-672x372.jpg" sizes="(max-width: 672px) 100vw, 672px" srcset="/sites/default/files/uploads/2019/05/Federal-Reserve-Building-672x372.jpg 672w, /sites/default/files/uploads/2019/05/Federal-Reserve-Building-1038x576.jpg 1038w" alt="Federal Reserve Building" width="672" height="372" /></a></p> <p>As the Biden administration begins to float the names of potential cabinet members, an interesting scenario and potential dilemma faces the Federal Reserve Board. Normally, there are seven members of the Federal Reserve Board, but at present there are only five, with two vacant positions. One vacancy has existed since March 2014 when Sarah Bloom […]</p> </div> </header> <hr /> <p><center><br /> <iframe src='https://www.youtube.com/embed/bqLwjQMTfJs' allowfullscreen /></center></p> <div></div> <div>Why did five staffers at the Federal Reserve all claim to have pushed their general counsel overboard while rafting? Cumberland Advisors' Robert Eisenbeis, Ph.D. shares some humor and other memories as he pays tribute to former Fed Chairman, Paul Volcker.</div> <div></div> <div>Watch in the player above or here: <a href="https://youtu.be/bqLwjQMTfJs" target="_blank" rel="nofollow noopener">https://youtu.be/bqLwjQMTfJs</a></div> <div></div> <hr /> <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>

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 (Dec 07, 2020 - Dec 11, 2020)

CUMBERLAND ADVISORS' WEEKLY RECAP

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