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Cumberland Advisors Week in Review + Digest (Apr 24 - Apr 28, 2023)

Cumberland Advisors
Sat Apr 29, 2023
The Cumberland Advisors Week in Review is a digest 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 may include older and/or guest commentaries that our editors have determined may be of interest to our audience. Your feedback is always welcome.

 

 

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Cumberland Advisors’ Friday, April 28, 2023 Week in Review
is available online. Our end-of-week update on markets generally features equities, bonds, and trading highlights. Thank you for joining us.


Matt McAleer & Equities
- April grind continued this week, with some better than expected earnings
- Demand came in after nasty, early week drawdown
- Watching for higher bottoms off pullbacks
- Also watching for reversion to the mean trade in value

John Mousseau & Fixed Income
- Busy week in interest rates with the yield curve dropping about 15 bps
- The 10 yr  U.S. Treasury finished around 3.45%
- Good PCE numbers, and lower GDP reported
- Markets still subject to short term moves from banking sector shocks

 
 
Watch the latest update on YouTube: Cumberland Advisors’ Week in Review

Access past video updates including the most recent via this YouTube Playlist URL: https://www.youtube.com/playlist?list=PLu1JZIQ1mPrtx_q7i_C9FWN-cb9f594C1


Please send any feedback from today’s email/video to Matt McAleer. You can reach him at:
Email: [email protected]
Twitter: https://twitter.com/matthewcmcaleer
LinkedIn: https://www.linkedin.com/in/matthew-c-mcaleer/
Call Matt: (800) 257-7013 ext. 346

Other questions or comments? Email us at [email protected] or give us a call at (800) 257-7013

Have a great weekend,
Cumberland Advisors

 
 
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Cumberland Advisors In the News

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Excerpt from...
 

Walloped on the front end, better
out long, choppy all around


By Jessica Lerner Christine Albano - April 25, 2023

One perk stemming from all the front-end weakness … is that percentages of municipals to Treasuries should increase.
 
…Bargain prices were piquing investors' interest on Tuesday, according to John Mousseau, president and chief executive officer and director of fixed income at Cumberland Advisors.
 
"Cheap front ends of deals are way oversubscribed," as well as the cheaper priced back ends of a deal, while the "belly is quite expensive," Mousseau said Tuesday.
 
Otherwise, the market is holding its own and stable — after a rocking first quarter due to the banking crisis.
 
"It's been back and forth, but the longer the banking crisis is in the rear view mirror, the better chance munis have from an overall participation level" among investors, Mousseau said.



Read the full article with subscription here: https://www.bondbuyer.com/news/walloped-on-the-front-end-better-out-long-choppy-all-around

 

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