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.
Thank you for joining Cumberland Advisors for this end-of-week update on market conditions, bonds & equities with Matt McAleer, and John Mousseau, CFA.
-S&P rallies, corrections, and sectors
-Why we watch JP Morgan & P&C Banks
-We are long banks despite awful 4 week run
-Energy? Trouble figuring out their balance sheets
-Outlook for International
-When we get dogmatic of thinking, we're normally going to find ourselves behind the trade
-Finally, there's been an unusual "Moose" sighting in Rhode Island!
-Why? Fear of pandemic spreading further
-Key: normalcy to bond market will follow decrease in infection rate
-Plenty of demand for high grade quality tax-free bonds
-Very large bond deals on the calendar next week
-CPI numbers next week
-Possible inflation next year
-Matt McAleer
Matt enjoys your feedback. You can reach him at:
-Link to Matt's Email: Matthew.McAleer@Cumber.com
-Link to Matt's Twitter: https://twitter.com/MattMcAleer4
-Link to Matt's LinkedIn: https://www.linkedin.com/in/matthew-c-mcaleer/
-Call Matt: (800) 257-7013
Other questions or comments? Email us at info@cumber.com or give us a call at (800) 257-7013.
Contact Matt or any one of our advisors by following this link: https://www.cumber.com/our-people/
IN THE NEWS
BONDBUYER – PUERTO RICO GENERAL FUND COLLECTIONS LAG PROJECTIONS
Quoted: Shaun Burgess | Posted on: 07/08/2020 READ MORE
BARRON’S – THE UNEMPLOYMENT RATE IS “GROSSLY” UNDERSTATED. HERE’S WHY
Quoted: John R. Mousseau, CFA | Posted on: 07/01/2020 READ MORE
WARREN BUFFETT DOESN’T NEED THE FED’S HELP. BUT HE’S GETTING IT ANYWAY
Quoted: David R. Kotok | Posted on: 06/29/2020 READ MORE

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.
To read current and past commentaries, visit https://www.cumber.com/category/market-commentary/
MORE ON FED LIQUIDITY AND LENDING PROGRAMS
Author: Robert Eisenbeis, Ph.D., Post Date: July 10, 2020
The Federal Reserve continues to support financial markets, including the commercial paper market, the repo market, the municipal securities market, money market mutual funds, central bank liquidity swaps, and primary dealers. This is in addition to the usual discount window facility that provides credit to commercial banks. In many cases there are either published maximums […]
PAUL SCHULTE: Q & A, COVID, CHINA-US, AI, 5G, 2 BOOKS
Author: David R. Kotok, Post Date: July 9, 2020
With honor and gratitude, we wish to introduce Paul Schulte, the founder of Singapore-based Schulte Research. His expertise in finance and technology are sought globally by serious investing institutions. We thank Paul for agreeing to answer a few questions in a Q&A.
COVID, BUSINESS, MEDIA, HEALTHCARE SECTOR
Author: David R. Kotok, Post Date: July 7, 2020
Forty-three percent of US COVID-19 deaths are linked to nursing homes. State figures range from a high of 80% in New Hampshire and 77% in Minnesota down to 27% in Nevada and 34% in Nebraska and Tennessee. See both “43% of U.S. Coronavirus Deaths Are Linked to Nursing Homes,” New York Times, June 27, 2020, […]
THE FED’S CORPORATE CREDIT FACILITY
Author: Robert Eisenbeis, Ph.D., Post Date: July 6, 2020
On June 15, the Federal Reserve published revised terms and conditions for what it calls its Secondary Market Corporate Credit Facility, which is a special-purpose vehicle (SPV) created to purchase in the secondary market corporate debt that meets certain eligibility requirements. See https://www.newyorkfed.org/markets/secondary-market-corporate-credit-facility/secondary-market-corporate-credit-facility-terms-and-conditions. Included will be individual corporate bonds, certain exchange-traded funds (ETFs), and bond […]
America’s Birthday
Author: David R. Kotok, Post Date: July 4, 2020
We celebrate America’s birthdate on July 4. For the great document declaring our independence to become a new kind of nation, we say “thank you” to Thomas Jefferson, author, and Benjamin Franklin, editorial consultant. During a seminar years ago at the National Constitution Center in Philadelphia, I was fortunate enough to participate in a lengthy […]
COVID-19, Opening Up Business and Facing Facts
Author: David R. Kotok, Post Date: July 2, 2020
In January 1944, General Eisenhower’s headquarters sent a top secret message to the US military’s weather planning service. It said something like, “We need your long-range weather forecast for June 1–10, 1944, for the coastal regions of Normandy.” The weather service […]
The Muni Selloff That Was
Author: John R. Mousseau, CFA, Post Date: July 1, 2020
As we come to the end of the second quarter of 2020, the pandemic is still with us, with cases are rising in the South and the West in a resurgence of the virus, amid further issues involving social […]
More on Politics and Markets
Author: David R. Kotok, Post Date: June 30, 2020
In this 2020 political year, the issues, including COVID-19 and the Black Lives Matter protests, have political forecasts about as complex and difficult as anyone can imagine. An intensely divided country only adds to the complexity. Current polling notwithstanding, we still […]
A Fish Story
Author: David R. Kotok, Post Date: June 29, 2020
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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.