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.
Matt McAleer & Equities / ETFs
– Good dose of volatility, Matt talks about velocity and pressure
– Are your portfolios barbelled?
– We share a performance chart with you: US Size & Style Performance of the Russell Indexes
– How good of a performer has the Russell been? Matt details.
– Matt’s axiom: Stay flexible!
– Big mistake is to get locked into thinking there’s only one way to invest
– Matt weighs in on diversification
– What outperforms on weak days?
US Size & Style Chart March 12-2021
John Mousseau & Fixed Income / Munis
– John gives color to the continuing saga of higher treasury rates and good equity markets
– Are we experiencing a Bond Market rout? John says “no.” In Cumberland’s opinion, it’s a return to normalcy.
– We talk about corporate credit and the stimulus bill
– Jobless claims too high but market is shaking it off on the promise of a more robust post-vaccine economy
– John discusses the Fed and interest rates
– We quote Jim Bianco and his tethered horse analogy
– Inflation? Crept a little higher.
– John lays out what yields we’re seeing after inflation, the “real yield”
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: https://youtu.be/njBx7DNC2_s
Have a great weekend
-Matt McAleer & Cumberland Advisors
Send your feedback from today’s email/video to Matt. You can reach him at:
-Link to Matt’s Email: [email protected]
-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 [email protected] 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/
Cumberland’s Kotok: Don’t See Inflationary Forces Yet
March 5, 2021 Podcast
Listen here: https://www.bloomberg.com/news/audio/2021-03-05/cumberland-s-kotok-don-t-see-inflationary-forces-yet-podcast
Cumberland's Kotok -Don't See Inflationary Forces Yet (Podcast) Bloomberg Radio
Cumberland Advisors Market Commentary
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.
Read current and past commentaries here: https://www.cumber.com/category/market-commentary/
Reinfection, Variants, Vaccines – GIC Briefing
Author: David R. Kotok, Post Date: March 11, 2021
Market Commentary - Cumberland Advisors – Vaccines and Variants - Part 2
For a year we have watched the toll that COVID-19 has taken on lives, economies, and much that we once took for granted. With vaccines now in hand, crisis reduction is underway. But there are assuredly potholes on the road to successfully beating back COVID-19 so that it becomes a much less disruptive threat, one […]
Barbell vs. Bullet
Author: David R. Kotok, Post Date: March 10, 2021
Market Commentary - Cumberland Advisors – Bonds Barbell Ladder Bullet - Barbell vs. Bullet
We continue to receive questions about “barbell” versus “ladder” versus “bullet” as these terms are used in bond management. Our last piece on the subject was on December 1 (“Fed’s Path; also Why Barbell, Not Ladder,” https://www.cumber.com/cumberland-advisors-market-commentary-feds-path-also-why-barbell-not-ladder/). Let’s try to answer some of the questions we’ve received with a simple case study involving a barbell […]
Who Is Unemployed
Author: Robert Eisenbeis, Ph.D., Post Date: March 9, 2021
Robert Eisenbeis
Friday’s release of the February employment report by BLS showed that the economy created 379,000 jobs in February, compared with 166,000 jobs in January. While these numbers suggest some improvement, they compare unfavorably with the fact that new claims for unemployment for the week of February 20 alone totaled 736,000. Setting aside potential problems with […]
Japan’s Steady Performance to Continue
Author: William Witherell, Ph.D., Post Date: March 8, 2021
Market Commentary - Cumberland Advisors – Japan’s Steady Performance to Continue
The Bank of Japan’s Governor Kuroda said to parliament on March 5th that there is no need to widen the band set for its long-term yield target, as the BOJ intends to maintain its policy objective to keep borrowing costs low to support the economy. This underlining of a stable monetary policy will help continue […]
Sunday Celebrations
Author: David R. Kotok, Post Date: March 7, 2021
Market-Commentary-Cumberland-Advisors-David-Sunday-Sunday Celebrations
This Sunday we thought we’d feature celebrations from around the world by people young and old. Let’s jump right in with Granny flashin’ some rare moves at an Italian auto show. Maybe she just got vaccinated! Hot wheels, too! – https://www.youtube.com/watch?v=oKre-_D3lGA Now, let’s tour the planet to groove on “Chanda Mama” – https://www.youtube.com/watch?v=I23Bkk92124. This offering […]
Unemployment Claims: Fact, Fiction, or Fraud?
Author: David R. Kotok, Post Date: March 4, 2021
Market Commentary - Cumberland Advisors – Unemployment Claims Fact, Fiction, or Fraud
The unemployment insurance payment systems that originate in the states need to be fixed. As we economists and market agents look at the national data, we must now take into account that the initial and continuing unemployment claims data has flaws that are growing. This mess requires fixing if there is to be a credible […]
COVID Shock & The Fed
Author: David R. Kotok, Post Date: March 2, 2021
Market Commentary - Cumberland Advisors – COVID Shock & The Fed
We created the chart below to depict an “underdamped oscillatory system.” Hat tip, Dr. Thomas Synnott III. We’ve included a half-century of Phillips curve data for personal consumption expenditures (PCE) vs. U-3 unemployment, color-coded by the person who was Federal Reserve chair at the time. That way you can see a year-by-year history for all […]
A Texan and Climate Change!
Author: David R. Kotok, Post Date: February 28, 2021
Market-Commentary-Cumberland-Advisors-David-Sunday-A-Texan-&-Climate-Change!
Will Rogers, the American icon from Oklahoma said: “There are three kinds of men. The one that learns by reading. The few who learn by observation. The rest of them have to pee on the electric fence for themselves.” This Sunday we’ll offer one of those from the middle category. David Schechter, the impresario of […]
Vaccines and Variants – Part 1
Author: David R. Kotok, Post Date: February 25, 2021
Market Commentary - Cumberland Advisors – Vaccines and Variants - Part 1
Vaccines and Variants – Part 1 “Can the same vaccines protect against new COVID strains?” That is now the question of the hour, day, week, and month. We are seeing a remarkable triumph of science and medicine. In a very short time vaccines are in mass production, and they are highly effective. They are not perfect, as […]
Real Interest Rates & Fed
Author: David R. Kotok, Post Date: February 23, 2021
Market Commentary - Cumberland Advisors - Real Interest Rates & Fed
Jim Reid, Managing Director and Head of Global Fundamental Credit Strategy at Deutsche Bank, in London, gave us permission to share this marvelous historical chart: It may give folks pause as they contemplate their forecasts of rapidly changing (rising) inflation rates because the federal deficit is higher than they’re accustomed to. One might actually want […]
– Upcoming Event –
Cumberland Advisors is an Annual Sponsor of
the Global Interdependence Center
Human Immune Response to SARS-CoV-2 and Emergence of Variants
A virtual briefing titled, “Human Immune Response to SARS-CoV-2 and Emergence of Variants” which offers participants with context and perspective regarding the creation and characterization of antibodies.
Visit the GIC website for full details:
https://www.interdependence.org/events/
Date: Tuesday, March 16, 2021
Time: 4:30 PM – 5:30 PM
Location: Virtual Event
COVID-19 Education for Frontline Nurses
USF-Frontline-Nurses
USF’s (University of South Florida) program for nurses, “Frontline Nursing During COVID-19: A New Paradigm,” is online. The program is free for any nurse anywhere in the world developed by the USF College of Nursing. It will give nurses continuing education credits, and it will do so at zero cost to the nurses who sign up.
Program link and details: https://health.usf.edu/nursing/frontline-nursing
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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.
