Cumberland Advisors Week in Review (Mar 09, 2020 - Mar 13, 2020)

Cumberland Advisors

Sun Mar 15, 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> </p> <p>This week we have John Mousseau and Matt McAleer on camera sharing their thoughts with you.</p> <p><strong>John talks about:</strong><br /> -What we saw today and earlier in week<br /> -Events earlier in week were people trying to run away from risk<br /> -Very tough week for bonds in general<br /> -Today, Treasurys continued to back off - Good in our opinion. Do we see a trend? No. But it's a first step to a reversion to the mean.<br /> -Things that you thought were essential services may not be that essential in a new world: things like a subway or an airport. Eventually, they will be.<br /> -We try to drill down and make sure that credit is better than it was before and try to improve credit; it's going to take a while to come back.</p> <p><strong>Matt talks about:</strong><br /> -Fear in the market<br /> -The Equity Only Put/Call Ratio spiked to 128. Matt explains and brings some history to bear.<br /> -What might lead to a relief rally?<br /> -We have three words we used in our research meeting and calls on Monday: Credit, credit, credit!<br /> -On the Equity side, what can we do to take advantage of some of this volatility? We're going to let the volatility come to us.<br /> -Don't chase equities. Bid, let them hit you. Be comfortable months out owning that security.<br /> -Dislocation and nibbling on the way down<br /> -Pin your top 20 best movers list where you can see it. Review them. Do some work on them. You'll see we own some of those names.<br /> -Matt mentions Microsoft, Apple, Adobe Systems.<br /> -The market will dictate to us if we're entering a trading market vs a buy and hold one. Don't try to outguess it.</p> <p>Please reach out to me (or John) with any questions/comments you may have about this video, I always appreciate your calls, comments, and emails.</p> <p>Watch this week's update in the player above or at this link: <a href="https://youtu.be/XIJaXAY2mpY" target="_blank" rel="noopener noreferrer">https://youtu.be/XIJaXAY2mpY</a></p> <p>Did you miss the mid-week update? It's up on YouTube here: <a href="https://youtu.be/eTqXYjNdfNE" target="_blank" rel="noopener noreferrer">https://youtu.be/eTqXYjNdfNE</a></p> <p>Lastly, I participated in an interview with Bloomberg on Thursday and you can listen to that here if desired:<br /> <em>Bloomberg Chief Washington Correspondent Kevin Cirilli talked to Matthew McAleer about the market sell-off.<br /> <a href="https://www.bloomberg.com/news/audio/2020-03-12/sound-on-market-drop-corona-virus-response-podcast" target="_blank" rel="noopener noreferrer">https://www.bloomberg.com/news/audio/2020-03-12/sound-on-market-drop-corona-virus-response-podcast</a></em></p> <p>Have a great weekend and thank you for joining us at Cumberland Advisors.</p> <p><strong>-Matt McAleer</strong></p> <p>PS: Our energy conference, called "<strong>An Outlook on Energy Policy</strong>" has been postponed due to coronavirus worries. We thank you for your interest but the travel restrictions and cautious direction we and other firms have put in place results in this prudent delay. We hope to reschedule later this year and we'll share a new date when it's been decided.</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> </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 /> <h2 class="inner_text_heading" style="text-align: center;">Bloomberg Radio</h2> <p> </p> <p style="text-align: center;"><iframe src='https://www.youtube.com/embed/vgNsQ_vjNfY' allowfullscreen /></p> <div class="entry-content" style="text-align: center;">March 12, 2020 - Matthew McAleer talks markets on Bloomberg Radio (6 min.) - Matt discusses recession fears, panic in the market, liquidity, does he expect a 3-6 month disruption or something longer, and more.</div> <hr /> <div class="entry-summary"> <div class="articltop"> <h1 class="inner_text_heading">Market Commentary</h1> <p><a class="sign_up_btn login-window" href="https://www.cumber.com/category/market-commentary/#login-box1">Sign up for our Market Commentary</a></p> </div> <div class="categorysub"> <article id="post-50521" class="post-50521 post type-post status-publish format-standard has-post-thumbnail hentry category-market-commentary tag-david-r-kotok tag-inflation tag-year-end-forecast-notes"> <header class="entry-header"> <div class="categorysub"> <article id="post-51099" class="post-51099 post type-post status-publish format-standard has-post-thumbnail hentry category-market-commentary tag-china tag-coronavirus tag-david-r-kotok tag-wuhan"> <div class="entry-summary"> <div class="categorysub"> <article id="post-51451" class="post-51451 post type-post status-publish format-standard has-post-thumbnail hentry category-market-commentary tag-robert-eisenbeis"> <header class="entry-header"> <h2></h2> <div class="categorysub"> <article id="post-51529" class="post-51529 post type-post status-publish format-standard has-post-thumbnail hentry category-market-commentary tag-airlines tag-coronavirus tag-covid-19 tag-david-r-kotok tag-economy tag-travel"> <header class="entry-header"> <h2 class="inner_text_heading"><a href="https://www.cumber.com/cumberland-advisors-market-commentary-airlines-and-covid19/" rel="bookmark">Cumberland Advisors Market Commentary – Airlines and COVID19</a></h2> <h6><strong>Author:</strong> David R. Kotok, <strong>Post Date:</strong> March 13, 2020</h6> </header> <div class="entry-summary"> <p><a class="post-thumbnail" href="https://www.cumber.com/cumberland-advisors-market-commentary-airlines-and-covid19/"> <img class="attachment-post-thumbnail size-post-thumbnail wp-post-image aligncenter" src="/sites/default/files/uploads/2020/03/Market-Commentary-Cumberland-Advisors-Airlines-and-COVID19-672x372.jpg" sizes="(max-width: 672px) 100vw, 672px" srcset="/sites/default/files/uploads/2020/03/Market-Commentary-Cumberland-Advisors-Airlines-and-COVID19-672x372.jpg 672w, /sites/default/files/uploads/2020/03/Market-Commentary-Cumberland-Advisors-Airlines-and-COVID19-1038x576.jpg 1038w" alt="Market Commentary - Cumberland Advisors - Airlines and COVID19" width="672" height="372" /> </a>Cumberland portfolios hold no airline stocks, no transportation stocks, no hotel, leisure or hospitality stocks. Sector ETFs were sold. Some of these stocks are part of the broad based ETFs which are tied to an index basket. Now let’s look at airlines. Since the advent of widespread air travel following World War II, the world [<a href="https://www.cumber.com/cumberland-advisors-market-commentary-airlines-and-covid19/" target="_blank" rel="noopener noreferrer">Continued…</a>]</p> <hr /> </div> </article> </div> <div class="categorysub"> <article id="post-51511" class="post-51511 post type-post status-publish format-standard has-post-thumbnail hentry category-market-commentary category-latest-news tag-bond-market tag-john-r-mousseau tag-market-volatility tag-matthew-mcaleer tag-stock-market"> <header class="entry-header"> <h2 class="inner_text_heading"><a href="https://www.cumber.com/cumberland-advisors-special-update-on-market-conditions-bonds-equities/" rel="bookmark">Cumberland Advisors Special Update on Market Conditions, Bonds & Equities</a></h2> <h6><strong>Author:</strong> Matthew McAleer, <strong>Post Date:</strong> March 11, 2020</h6> </header> <div class="entry-summary"> <p><a class="post-thumbnail" href="https://www.cumber.com/cumberland-advisors-special-update-on-market-conditions-bonds-equities/"> <img class="attachment-post-thumbnail size-post-thumbnail wp-post-image aligncenter" src="/sites/default/files/uploads/2020/03/Cumberland-Advisors-Matt-McAleer-Wednesday-Update-YouTube-672x372.jpg" sizes="(max-width: 672px) 100vw, 672px" srcset="/sites/default/files/uploads/2020/03/Cumberland-Advisors-Matt-McAleer-Wednesday-Update-YouTube-672x372.jpg 672w, /sites/default/files/uploads/2020/03/Cumberland-Advisors-Matt-McAleer-Wednesday-Update-YouTube-1038x576.jpg 1038w" alt="Cumberland-Advisors-Matt-McAleer-Wednesday-Update-YouTube" width="672" height="372" /> </a>Dear Clients & Friends, We bring you this midweek update video discussing current market conditions and how we are positioning portfolios. John offers his insights into how the bond market is behaving and Matt weighs in on what’s happening in the equities market. There is a lot of volatility at work. Please reach out [<a href="https://www.cumber.com/cumberland-advisors-special-update-on-market-conditions-bonds-equities/" target="_blank" rel="noopener noreferrer">Continued…</a>]</p> </div> </article> </div> <div class="categorysub"> <article id="post-51488" class="post-51488 post type-post status-publish format-standard has-post-thumbnail hentry category-market-commentary tag-david-r-kotok tag-oil tag-oil-prices tag-stock-market"> <header class="entry-header"> <div class="entry-meta"> <hr /> </div> <h2 class="inner_text_heading"><a href="https://www.cumber.com/cumberland-advisors-market-commentary-saudi-russia-oil-war/" rel="bookmark">Cumberland Advisors Market Commentary – Saudi-Russia Oil War</a></h2> <h6><strong>Author:</strong> David R. Kotok, <strong>Post Date:</strong> March 10, 2020</h6> </header> <div class="entry-summary"> <p><a class="post-thumbnail" href="https://www.cumber.com/cumberland-advisors-market-commentary-saudi-russia-oil-war/"> <img class="attachment-post-thumbnail size-post-thumbnail wp-post-image aligncenter" src="/sites/default/files/uploads/2020/03/Market-Commentary-Cumberland-Advisors-Saudi-Russia-Oil-War-672x372.jpg" sizes="(max-width: 672px) 100vw, 672px" srcset="/sites/default/files/uploads/2020/03/Market-Commentary-Cumberland-Advisors-Saudi-Russia-Oil-War-672x372.jpg 672w, /sites/default/files/uploads/2020/03/Market-Commentary-Cumberland-Advisors-Saudi-Russia-Oil-War-1038x576.jpg 1038w" alt="Market Commentary - Cumberland Advisors - Saudi-Russia Oil War" width="672" height="372" /> </a>A quick note about oil. The Saudi-Russia price war means OPEC disarray and a lower oil price for the US. The Energy Information Administration (EIA) reports: “In 2019, about 142.23 billion gallons (or about 3.39 billion barrels) of finished motor gasoline were consumed in the United States, an average of about 389.68 million gallons [<a href="https://www.cumber.com/cumberland-advisors-market-commentary-saudi-russia-oil-war/" target="_blank" rel="noopener noreferrer">Continued…</a>]</p> </div> </article> </div> <div class="categorysub"> <article id="post-51485" class="post-51485 post type-post status-publish format-standard has-post-thumbnail hentry category-market-commentary tag-federal-reserve tag-repo-market tag-robert-eisenbeis"> <header class="entry-header"> <div class="entry-meta"> <hr /> </div> <h2 class="inner_text_heading"><a href="https://www.cumber.com/cumberland-advisors-market-commentary-whatever-it-takes/" rel="bookmark">Cumberland Advisors Market Commentary – Whatever It Takes!</a></h2> <h6><strong>Author:</strong> Robert Eisenbeis, Ph.D., <strong>Post Date:</strong> March 9, 2020</h6> </header> <div class="entry-summary"> <p><a class="post-thumbnail" href="https://www.cumber.com/cumberland-advisors-market-commentary-whatever-it-takes/"> <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>Tuesday morning March 9, the Federal Reserve Bank of New York announced an increase in the current monthly schedule of repo transactions designed to deal with short-term liquidity problems for primary dealers and certain other market participants: from $100 billion to $150 billion in overnight repos and for two-week term repos from $20 billion to [<a href="https://www.cumber.com/cumberland-advisors-market-commentary-whatever-it-takes/" target="_blank" rel="noopener noreferrer">Continued…</a>]</p> </div> </article> </div> <div class="categorysub"> <article id="post-51477" class="post-51477 post type-post status-publish format-standard has-post-thumbnail hentry category-market-commentary tag-leo-chen tag-vix tag-volatility"> <header class="entry-header"> <div class="entry-meta"> <hr /> </div> <h2 class="inner_text_heading"><a href="https://www.cumber.com/cumberland-advisors-market-commentary-the-vix-spread/" rel="bookmark">Cumberland Advisors Market Commentary – The VIX Spread</a></h2> <h6><strong>Author:</strong> Leo Chen, Ph.D., <strong>Post Date:</strong></h6> </header> <div class="entry-summary"> <p><a class="post-thumbnail" href="https://www.cumber.com/cumberland-advisors-market-commentary-the-vix-spread/"> <img class="attachment-post-thumbnail size-post-thumbnail wp-post-image aligncenter" src="/sites/default/files/uploads/2020/03/Market-Commentary-Cumberland-Advisors-The-VIX-Spread-672x372.jpg" sizes="(max-width: 672px) 100vw, 672px" srcset="/sites/default/files/uploads/2020/03/Market-Commentary-Cumberland-Advisors-The-VIX-Spread-672x372.jpg 672w, /sites/default/files/uploads/2020/03/Market-Commentary-Cumberland-Advisors-The-VIX-Spread-1038x576.jpg 1038w" alt="Market Commentary - Cumberland Advisors - The VIX Spread" width="672" height="372" /> </a>The S&P 500 dropped 11.5% the week before last week, the fastest correction in its history. The Dow Jones Industrial Average had two 1000-point drops in that week; the Dow also had four days with 1000-point intraday swings in the past two weeks, making it six out of ten trading days with 1000-point movement on [<a href="https://www.cumber.com/cumberland-advisors-market-commentary-the-vix-spread/" target="_blank" rel="noopener noreferrer">Continued…</a>]</p> </div> </article> </div> <div class="categorysub"> <article id="post-51497" class="post-51497 post type-post status-publish format-standard has-post-thumbnail hentry category-market-commentary tag-business-continuity tag-coronavirus tag-covid-19"> <header class="entry-header"> <div class="entry-meta"> <hr /> </div> <h2 class="inner_text_heading"><a href="https://www.cumber.com/cumberland-advisors-letter-to-clients-with-respect-to-covid-19/" rel="bookmark">Cumberland Advisors Letter to Clients with respect to COVID-19</a></h2> <h6><strong>Author:</strong> Cumberland Advisors, <strong>Post Date:</strong></h6> </header> <div class="entry-summary"> <p><a class="post-thumbnail" href="https://www.cumber.com/cumberland-advisors-letter-to-clients-with-respect-to-covid-19/"> <img class="attachment-post-thumbnail size-post-thumbnail wp-post-image aligncenter" src="/sites/default/files/uploads/2020/03/Market-Commentary-Cumberland-Advisors-Coronavirus-COVID-19-Letter-to-Clients-672x372.jpg" sizes="(max-width: 672px) 100vw, 672px" srcset="/sites/default/files/uploads/2020/03/Market-Commentary-Cumberland-Advisors-Coronavirus-COVID-19-Letter-to-Clients-672x372.jpg 672w, /sites/default/files/uploads/2020/03/Market-Commentary-Cumberland-Advisors-Coronavirus-COVID-19-Letter-to-Clients-1038x576.jpg 1038w" alt="Market Commentary - Cumberland Advisors - Coronavirus COVID-19 Letter to Clients" width="672" height="372" /> </a>To our clients: Cumberland Advisors continues to monitor global as well as local developments with respect to COVID-19 (the illness caused by the new coronavirus), while constantly considering changes that may be required to our operations, processes, and systems to ensure continued support of our clients. We constantly review and update our business continuity and [<a href="https://www.cumber.com/cumberland-advisors-letter-to-clients-with-respect-to-covid-19/" target="_blank" rel="noopener noreferrer">Continued…</a>]</p> </div> </article> </div> <hr /> <h2 class="inner_text_heading"><a href="https://www.cumber.com/cumberland-advisors-market-commentary-did-the-fed-just-waste-50-basis-points/" rel="bookmark">Cumberland Advisors Market Commentary – Did the Fed Just Waste 50 Basis Points?</a></h2> <h6><strong>Author:</strong> Robert Eisenbeis, Ph.D., <strong>Post Date:</strong> March 6, 2020</h6> </header> <div class="entry-summary"> <p><a class="post-thumbnail" href="https://www.cumber.com/cumberland-advisors-market-commentary-did-the-fed-just-waste-50-basis-points/"> <img class="attachment-post-thumbnail size-post-thumbnail wp-post-image aligncenter" src="/sites/default/files/uploads/2020/03/Market-Commentary-Cumberland-Advisors-Did-the-Fed-Just-Waste-50-Basis-Points-672x372.jpg" sizes="(max-width: 672px) 100vw, 672px" srcset="/sites/default/files/uploads/2020/03/Market-Commentary-Cumberland-Advisors-Did-the-Fed-Just-Waste-50-Basis-Points-672x372.jpg 672w, /sites/default/files/uploads/2020/03/Market-Commentary-Cumberland-Advisors-Did-the-Fed-Just-Waste-50-Basis-Points-1038x576.jpg 1038w" alt="Market Commentary - Cumberland Advisors - Did the Fed Just Waste 50 Basis Points?" width="672" height="372" /> </a>On Tuesday morning, shortly after the market opened, the Fed did what other central banks concerned about the coronavirus didn’t do, and that was cut its policy rate. Not only did it cut the rate, it did so by 50 basis points, dropping its policy rate to the range of 1%–1.25%. As the chart below [<a href="https://www.cumber.com/cumberland-advisors-market-commentary-did-the-fed-just-waste-50-basis-points/" target="_blank" rel="noopener noreferrer">Continued…</a>]</p> </div> </article> </div> <div class="categorysub"> <article id="post-51439" class="post-51439 post type-post status-publish format-standard has-post-thumbnail hentry category-market-commentary tag-bond-market tag-bond-yields tag-china tag-coronavirus tag-covid-19 tag-john-r-mousseau tag-tom-patterson"> <header class="entry-header"> <h2 class="inner_text_heading"><a href="https://www.cumber.com/cumberland-advisors-market-commentary-coronavirus-infects-bond-yields/" rel="bookmark">Cumberland Advisors Market Commentary – Coronavirus Infects Bond Yields</a></h2> <h6><strong>Author:</strong> Tom Patterson & John R. Mousseau, CFA, <strong>Post Date:</strong> March 5, 2020</h6> </header> <div class="entry-summary"> <p><a class="post-thumbnail" href="https://www.cumber.com/cumberland-advisors-market-commentary-coronavirus-infects-bond-yields/"> <img class="attachment-post-thumbnail size-post-thumbnail wp-post-image aligncenter" src="/sites/default/files/uploads/2020/03/Cumberland-Advisors-Coronavirus-Infects-Bond-Yields-672x372.jpg" sizes="(max-width: 672px) 100vw, 672px" srcset="/sites/default/files/uploads/2020/03/Cumberland-Advisors-Coronavirus-Infects-Bond-Yields-672x372.jpg 672w, /sites/default/files/uploads/2020/03/Cumberland-Advisors-Coronavirus-Infects-Bond-Yields-1038x576.jpg 1038w" alt="Cumberland Advisors - Coronavirus Infects Bond Yields" width="672" height="372" /> </a>The turmoil and volatility in the equity markets is also greatly affecting bond markets, with both taxable and tax-free yields shifting down sharply. You can see the dramatic drop in yields this year, particularly in US Treasury yields, with the very large drop in the past month as the coronavirus outbreak has moved almost [<a href="https://www.cumber.com/cumberland-advisors-market-commentary-coronavirus-infects-bond-yields/" target="_blank" rel="noopener noreferrer">Continued…</a>]</p> </div> </article> </div> <div class="categorysub"></div> <div class="categorysub"> <article id="post-51407" class="post-51407 post type-post status-publish format-standard has-post-thumbnail hentry category-market-commentary tag-bond-market tag-bonds tag-coronavirus tag-covid-19 tag-municipal-credit tag-patricia-healy tag-stock-market"> <div class="entry-summary"> <p> </p> </div> </article> </div> </div> </article> </div> <hr /> </header> </article> </div> <div class="categorysub"> <article id="post-50462" class="post-50462 post type-post status-publish format-standard has-post-thumbnail hentry category-market-commentary tag-china tag-david-r-kotok tag-hong-kong tag-trade-war"> <div class="entry-summary"> <header class="entry-header"></header> <div class="categorysub"> <article id="post-50727" class="post-50727 post type-post status-publish format-standard has-post-thumbnail hentry category-market-commentary tag-daniel-himelberger tag-david-r-kotok tag-john-r-mousseau tag-leo-chen tag-matthew-mcaleer tag-quarterly-review tag-shaun-burgess"> <div class="entry-summary"> <div class="categorysub"></div> </div> </article> </div> </div> </article> </div> </div> <div class="entry-content"></div> <div></div> <div> <h3 style="text-align: center;">Explaining Fed Repos - John Mousseau</h3> <p style="text-align: center;"><iframe src='https://www.youtube.com/embed/GwfwSziFKQA' allowfullscreen /></p> </div> <hr /> <h3 class="inner_text_heading">In the News...</h3> <p> </p> <div class="news_row_main clearfix"> <div class="news_right"> <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"> <h2 class="inner_text_heading"><a href="https://www.cumber.com/wall-streets-pros-fess-up-we-dont-know-whats-going-on/" target="_blank" rel="noopener noreferrer">Wall Street’s pros fess up: ‘We don’t know what’s going on’</a></h2> <p>Quoted: David R. Kotok | Posted on: 03/08/2020 <a class="read" href="https://www.cumber.com/wall-streets-pros-fess-up-we-dont-know-whats-going-on/" 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/yes-bonds-could-still-rally-even-with-yields-below-1/" target="_blank" rel="noopener noreferrer">Yes, Bonds Could Still Rally, Even With Yields Below 1%</a></h2> <p>Quoted: David R. Kotok | Posted on: 03/06/2020 <a class="read" href="https://www.cumber.com/yes-bonds-could-still-rally-even-with-yields-below-1/" 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/bloomberg-markets-cumberlands-kotok-finds-the-feds-emergency-rate-cut-worrisome/" target="_blank" rel="noopener noreferrer">Bloomberg Markets: Cumberland’s Kotok Finds the Fed’s Emergency Rate Cut Worrisome</a></h2> <p>Quoted: David R. Kotok | Posted on: 03/04/2020 <a class="read" href="https://www.cumber.com/bloomberg-markets-cumberlands-kotok-finds-the-feds-emergency-rate-cut-worrisome/" 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/amid-steep-declines-in-stocks-investors-seek-winners-in-health-care/" target="_blank" rel="noopener noreferrer">Amid Steep Declines in Stocks, Investors Seek Winners in Health Care</a></h2> <p>Quoted: David R. Kotok | Posted on: 02/29/2020 <a class="read" href="https://www.cumber.com/amid-steep-declines-in-stocks-investors-seek-winners-in-health-care/" 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/as-stock-markets-tumble-because-of-coronavirus-this-time-feels-different/" target="_blank" rel="noopener noreferrer">As stock markets tumble because of coronavirus, this time feels different</a></h2> <p>Quoted: David R. Kotok | Posted on: 02/28/2020 <a class="read" href="https://www.cumber.com/as-stock-markets-tumble-because-of-coronavirus-this-time-feels-different/" 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/u-s-markets-drop-into-correction-territory-extending-brutal-week-of-losses/" target="_blank" rel="noopener noreferrer">U.S. markets drop into correction territory, extending brutal week of losses</a></h2> <p>Quoted: David R. Kotok | Posted on: 02/27/2020 <a class="read" href="https://www.cumber.com/u-s-markets-drop-into-correction-territory-extending-brutal-week-of-losses/" 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/buy-quality-assets-on-dip-not-junk-cumberlands-kotok-radio-podcast/" target="_blank" rel="noopener noreferrer">Buy Quality Assets on Dip, Not Junk: Cumberland’s Kotok (Radio-Podcast)</a></h2> <p>Quoted: David R. Kotok | Posted on: 02/27/2020 <a class="read" href="https://www.cumber.com/buy-quality-assets-on-dip-not-junk-cumberlands-kotok-radio-podcast/" 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/how-the-coronavirus-could-spark-a-severe-slowdown-or-recession-in-america/" target="_blank" rel="noopener noreferrer">How the coronavirus could spark a severe slowdown or recession in America</a></h2> <p>Quoted: David R. Kotok | Posted on: 02/26/2020 <a class="read" href="https://www.cumber.com/how-the-coronavirus-could-spark-a-severe-slowdown-or-recession-in-america/" 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"> <p><a class="read" href="https://www.cumber.com/are-high-flying-stock-markets-about-to-feel-the-bern/" target="_blank" rel="noopener noreferrer"> </a></p> </div> </div> </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. 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Cumberland Advisors Week in Review (Mar 09, 2020 - Mar 13, 2020)

CUMBERLAND ADVISORS' WEEKLY RECAP

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