Cumberland Advisors Week in Review (Mar 30, 2020 - Apr 03, 2020)

Cumberland Advisors

Sun Apr 5, 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> <div id="content" class="style-scope ytd-expander"> <div id="description" class="style-scope ytd-video-secondary-info-renderer"><span class="style-scope yt-formatted-string" dir="auto">Thank you for joining Cumberland Advisors for this end-of-week update on market conditions, bonds & equities with Matt McAleer and John Mousseau. </span></div> <div></div> <p>We're in full social distancing mode this week, doing our part to combat COVID-19/Coronavirus.</p> <p>First up is Matt McAleer with his thoughts on equities.</p> <p>Next up is John Mousseau and his analysis of the fixed income / bond market.</p> <p>Both gentlemen shot their own video this week and we expect to build upon this experience and get even better at producing our updates in a distributed fashion for you. Thanks for joining us.</p> <p>Please reach out to Matt or John with any questions/comments you may have about this video, we 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/7EabFgH8BYw" target="_blank" rel="noopener noreferrer">https://youtu.be/7EabFgH8BYw</a></p> <p>Have a safe weekend and thank you for joining us at Cumberland Advisors.</p> <p><strong>-Matt McAleer</strong></p> </div> <div></div> <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><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> <p> </p> <hr /> <h1><img class="aligncenter size-full wp-image-39870" src="/sites/default/files/uploads/2014/12/InTheNewsLarge.jpg" alt="Cumberland Advisors In The News" width="685" height="376" /></h1> <h1 class="ArticlePage-headline">Cumberland proposes new cash-flow anticipation note to help issuers fight coronavirus</h1> <p><em>State and local governments are facing a cash-flow crunch under the present emergency conditions, which limit or eliminate many reveue streams. Cumberland argues that this type of short-term security would help alleviate the problem and let municipalities recover more quickly once the danger had passed and things return to normal.</em></p> <p>Full story at The Bond Buyer (paywall): <a href="https://www.bondbuyer.com/news/cumberland-proposes-new-cash-flow-anticipation-note-to-help-issuers-fight-coronavirus" target="_blank" rel="noopener noreferrer">https://www.bondbuyer.com/news/cumberland-proposes-new-cash-flow-anticipation-note-to-help-issuers-fight-coronavirus</a></p> <p><strong>More News About Cumberland Advisors Here:</strong> <a href="https://www.cumber.com/news" target="_blank" rel="noopener noreferrer">https://www.cumber.com/news</a></p> <hr /> <div class="post-thumbnail"><img class="attachment-post-thumbnail size-post-thumbnail wp-post-image" 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>To read current and past commentaries, visit <a href="https://www.cumber.com/category/market-commentary/" target="_blank" rel="noopener noreferrer">www.cumber.com/category/market-commentary/</a></p> </div> <hr /> <div class="news_row_main clearfix"> <div class="news_right"> <div class="categorysub"> <article id="post-51705" class="post-51705 post type-post status-publish format-standard has-post-thumbnail hentry category-market-commentary tag-credit-quality tag-municipal-bonds tag-patricia-healy"> <header class="entry-header"> <div class="categorysub"> <article id="post-51817" class="post-51817 post type-post status-publish format-standard has-post-thumbnail hentry category-market-commentary tag-coronavirus tag-covid-19 tag-europe tag-william-witherell"> <header class="entry-header"> <h2 class="inner_text_heading"><a href="https://www.cumber.com/cumberland-advisors-market-commentary-the-war-in-europe/" rel="bookmark">The War in Europe</a></h2> <h6><strong>Author:</strong> William Witherell, Ph.D., <strong>Post Date:</strong> April 3, 2020</h6> </header> <div class="entry-summary"> <p><a class="post-thumbnail" href="https://www.cumber.com/cumberland-advisors-market-commentary-the-war-in-europe/"> <img class="attachment-post-thumbnail size-post-thumbnail wp-post-image" src="/sites/default/files/uploads/2020/04/CA-Market-Commentary-War-in-Europe-672x372.jpg" sizes="(max-width: 672px) 100vw, 672px" srcset="/sites/default/files/uploads/2020/04/CA-Market-Commentary-War-in-Europe-672x372.jpg 672w, /sites/default/files/uploads/2020/04/CA-Market-Commentary-War-in-Europe-1038x576.jpg 1038w" alt="The War in Europe" width="672" height="372" /> </a>During the first quarter of 2020, Europe once again found itself to be in the center of a global war, this time against an invisible, very deadly enemy, the virus SARS-CoV-2, which causes COVID-19. At the end of the quarter, on March 31, the 19 countries of the Eurozone had 359,296 confirmed cases of the [<a href="https://www.cumber.com/cumberland-advisors-market-commentary-the-war-in-europe/" target="_blank" rel="noopener noreferrer">Continued…</a>]</p> </div> </article> </div> <div class="categorysub"> <article id="post-51805" class="post-51805 post type-post status-publish format-standard has-post-thumbnail hentry category-market-commentary tag-coronavirus tag-covid-19 tag-david-r-kotok tag-global-interdependence-center"> <header class="entry-header"> <div class="entry-meta"></div> <h2 class="inner_text_heading"><a href="https://www.cumber.com/cumberland-advisors-market-commentary-chinas-healthcare-economy-in-the-aftermath-of-covid-19/" target="_blank" rel="noopener noreferrer">China’s Healthcare & Economy in the Aftermath of COVID-19</a></h2> <h6><strong>Author:</strong> David R. Kotok, <strong>Post Date:</strong> April 2, 2020</h6> </header> <div class="entry-summary"> <p><a class="post-thumbnail" href="https://www.cumber.com/cumberland-advisors-market-commentary-chinas-healthcare-economy-in-the-aftermath-of-covid-19/"> <img class="attachment-post-thumbnail size-post-thumbnail wp-post-image" src="/sites/default/files/uploads/2020/04/GIC-Briefing-Featured-Image.png" sizes="(max-width: 672px) 100vw, 672px" srcset="/sites/default/files/uploads/2020/04/GIC-Briefing-Featured-Image.png 672w, /sites/default/files/uploads/2020/04/GIC-Briefing-Featured-Image-300x139.png 300w" alt="China’s Healthcare & Economy in the Aftermath of COVID-19" width="672" height="312" /> </a>Dear Readers, While the United States and much of the world outside of Asia is still trying to “flatten the curve” in response to the coronavirus pandemic, China is posturing itself for a quick comeback. Can we believe their numbers and agree that their virus-response methodology was effective? USA Today along with Andy Mok, a [<a href="https://www.cumber.com/cumberland-advisors-market-commentary-chinas-healthcare-economy-in-the-aftermath-of-covid-19/" target="_blank" rel="noopener noreferrer">Continued…</a>]</p> </div> </article> </div> <div class="categorysub"> <article id="post-51788" class="post-51788 post type-post status-publish format-standard has-post-thumbnail hentry category-market-commentary tag-coronavirus tag-coronavirus-anticipation-note tag-coronavirus-relief tag-david-r-kotok tag-john-r-mousseau"> <header class="entry-header"> <h2 class="inner_text_heading"><a href="https://www.cumber.com/cumberland-advisors-market-commentary-a-proposal-for-the-coronavirus-anticipation-note-can/" target="_blank" rel="noopener noreferrer">A Proposal for the Coronavirus Anticipation Note (CAN)</a></h2> <h6><strong>Author:</strong> David R. Kotok & John R. Mousseau, <strong>Post Date:</strong> April 1, 2020</h6> </header> <div class="entry-summary"> <p><a class="post-thumbnail" href="https://www.cumber.com/cumberland-advisors-market-commentary-a-proposal-for-the-coronavirus-anticipation-note-can/"> <img class="attachment-post-thumbnail size-post-thumbnail wp-post-image" src="/sites/default/files/uploads/2020/04/A-Proposal-for-the-Corona-Anticipation-Note-CAN-1280x720-1-672x372.jpg" sizes="(max-width: 672px) 100vw, 672px" srcset="/sites/default/files/uploads/2020/04/A-Proposal-for-the-Corona-Anticipation-Note-CAN-1280x720-1-672x372.jpg 672w, /sites/default/files/uploads/2020/04/A-Proposal-for-the-Corona-Anticipation-Note-CAN-1280x720-1-1038x576.jpg 1038w" alt="A Proposal for the Corona Anticipation Note (CAN)" width="672" height="372" /> </a>John Mousseau and I have combined our professional experience with our views of the municipal finance market. With the help of our Cumberland staff, we want to offer a format for immediate assistance designed to address urgent state and local government financing problems. This proposal is only a framework. There are many skilled professionals who [<a href="https://www.cumber.com/cumberland-advisors-market-commentary-a-proposal-for-the-coronavirus-anticipation-note-can/" target="_blank" rel="noopener noreferrer">Continued…</a>]</p> </div> </article> </div> <div class="categorysub"> <article id="post-51770" class="post-51770 post type-post status-publish format-standard has-post-thumbnail hentry category-market-commentary tag-coronavirus tag-cryptocurrency tag-electronic-payments tag-federal-reserve tag-robert-eisenbeis tag-virtual-currency"> <header class="entry-header"> <h2></h2> <h2 class="inner_text_heading"><a href="https://www.cumber.com/cumberland-advisors-market-commentary-one-less-worry/" target="_blank" rel="noopener noreferrer">One Less Worry?</a></h2> <h6><strong>Author:</strong> Robert Eisenbeis, Ph.D., <strong>Post Date:</strong> March 31, 2020</h6> </header> <div class="entry-summary"> <p><a class="post-thumbnail" href="https://www.cumber.com/cumberland-advisors-market-commentary-one-less-worry/"> <img class="attachment-post-thumbnail size-post-thumbnail wp-post-image" src="/sites/default/files/uploads/2020/03/Cumberland-Advisors-Market-Commentary-One-Less-Worry-Eisenbeis-672x372.jpg" sizes="(max-width: 672px) 100vw, 672px" srcset="/sites/default/files/uploads/2020/03/Cumberland-Advisors-Market-Commentary-One-Less-Worry-Eisenbeis-672x372.jpg 672w, /sites/default/files/uploads/2020/03/Cumberland-Advisors-Market-Commentary-One-Less-Worry-Eisenbeis-1038x576.jpg 1038w" alt="One Less Worry (Eisenbeis)" width="672" height="372" /> </a>It is tempting to focus on the here and now, especially when we are worrying about the economic fallout from the coronavirus pandemic and its impact on the nation. We are withdrawing from social contact and are concerned about all sources of risks. We have seen reports of people sanitizing cash as one way of [<a href="https://www.cumber.com/cumberland-advisors-market-commentary-one-less-worry/" target="_blank" rel="noopener noreferrer">Continued…</a>]</p> </div> </article> </div> <div class="categorysub"> <article id="post-51750" class="post-51750 post type-post status-publish format-standard has-post-thumbnail hentry category-market-commentary tag-coronavirus tag-covid-19 tag-david-r-kotok tag-economy tag-michael-drury"> <header class="entry-header"> <h2></h2> <h2 class="inner_text_heading"><a href="https://www.cumber.com/cumberland-advisors-guest-commentary-maybe-the-world-is-not-ending/" target="_blank" rel="noopener noreferrer">Cumberland Advisors Guest Commentary – Maybe the World is not Ending!</a></h2> <h6><strong>Author:</strong> Michael Drury, <strong>Post Date:</strong> March 30, 2020</h6> </header> <div class="entry-summary"> <p><a class="post-thumbnail" href="https://www.cumber.com/cumberland-advisors-guest-commentary-maybe-the-world-is-not-ending/"> <img class="attachment-post-thumbnail size-post-thumbnail wp-post-image" src="/sites/default/files/uploads/2020/03/Michael-Drury-McVean-Trading-Header-672x319.png" alt="Michael-Drury-McVean-Trading-Header" width="672" height="319" /> </a>Dear Readers: Mike Drury is past chair of the Global Interdependence Center, a skilled economist and a personal friend. He is not in the “world is coming to the end” camp. He has given me permission to run his entire weekend piece. Enjoy! -David Kotok Will second quarter NOMINAL GDP be positive? (Yes, that is [<a href="https://www.cumber.com/cumberland-advisors-guest-commentary-maybe-the-world-is-not-ending/" target="_blank" rel="noopener noreferrer">Continued…</a>]</p> </div> </article> </div> <div class="categorysub"> <article id="post-51745" class="post-51745 post type-post status-publish format-standard has-post-thumbnail hentry category-market-commentary tag-coronavirus tag-covid-19 tag-david-r-kotok"> <header class="entry-header"> <div class="entry-meta"></div> <h2 class="inner_text_heading"><a href="https://www.cumber.com/cumberland-advisors-market-commentary-the-ringling-bridge/" target="_blank" rel="noopener noreferrer">The Ringling Bridge</a></h2> <h6><strong>Author:</strong> David R. Kotok, <strong>Post Date:</strong> March 29, 2020</h6> </header> <div class="entry-summary"> <p><a class="post-thumbnail" href="https://www.cumber.com/cumberland-advisors-market-commentary-the-ringling-bridge/"> <img class="attachment-post-thumbnail size-post-thumbnail wp-post-image" src="/sites/default/files/uploads/2020/03/The-Ringling-Bridge-Sarasota-Florida-672x372.jpg" sizes="(max-width: 672px) 100vw, 672px" srcset="/sites/default/files/uploads/2020/03/The-Ringling-Bridge-Sarasota-Florida-672x372.jpg 672w, /sites/default/files/uploads/2020/03/The-Ringling-Bridge-Sarasota-Florida-1038x576.jpg 1038w" alt="" width="672" height="372" /> </a>Dear Readers, In Sarasota, when twilight comes to Sarasota Bay, the lighting under the Ringling Bridge is usually rotating and alternating colors. The light used to be too bright, and the glare invaded the night sky. But now, and after enough complaints from locals, the powers that decide these things adopted a less glaring and [<a href="https://www.cumber.com/cumberland-advisors-market-commentary-the-ringling-bridge/" target="_blank" rel="noopener noreferrer">Continued…</a>]</p> </div> </article> </div> <h2 class="inner_text_heading"><a href="https://www.cumber.com/cumberland-advisors-market-commentary-why-states-are-not-going-to-default-from-the-coronavirus-fallout/" rel="bookmark">Why States Are Not Going to Default from the Coronavirus Fallout</a></h2> <h6><strong>Author:</strong> Patricia Healy, CFA, <strong>Post Date:</strong> March 27, 2020</h6> </header> <div class="entry-summary"> <p><a class="post-thumbnail" href="https://www.cumber.com/cumberland-advisors-market-commentary-why-states-are-not-going-to-default-from-the-coronavirus-fallout/"> <img class="attachment-post-thumbnail size-post-thumbnail wp-post-image" src="/sites/default/files/uploads/2020/03/Market-Commentary-Cumberland-Advisors-Why-States-Are-Not-Going-to-Default-from-the-Coronavirus-Fallout-672x372.jpg" sizes="(max-width: 672px) 100vw, 672px" srcset="/sites/default/files/uploads/2020/03/Market-Commentary-Cumberland-Advisors-Why-States-Are-Not-Going-to-Default-from-the-Coronavirus-Fallout-672x372.jpg 672w, /sites/default/files/uploads/2020/03/Market-Commentary-Cumberland-Advisors-Why-States-Are-Not-Going-to-Default-from-the-Coronavirus-Fallout-1038x576.jpg 1038w" alt="Market Commentary - Cumberland Advisors - Why States Are Not Going to Default from the Coronavirus Fallout" width="672" height="372" /> </a>In our opinion this is a short-term shock, although it will likely change some behaviors for the long term that will need to be monitored. The initial concern is liquidity, not just in the bond market but also at the state level, where tax payment dates have been extended and economically sensitive revenues such as [<a href="https://www.cumber.com/cumberland-advisors-market-commentary-why-states-are-not-going-to-default-from-the-coronavirus-fallout/" target="_blank" rel="noopener noreferrer">Continued…</a>]</p> <p> </p> </div> </article> </div> <div class="categorysub"> <article id="post-51700" class="post-51700 post type-post status-publish format-standard has-post-thumbnail hentry category-market-commentary tag-bond-market tag-bonds tag-john-r-mousseau tag-treasuries tag-treasurys"> <header class="entry-header"> <h2 class="inner_text_heading"><a href="https://www.cumber.com/cumberland-advisors-market-commentary-the-muni-meltdown-timeline-and-the-opportunity-it-presents/" rel="bookmark">The Muni Meltdown Timeline (and the Opportunity It Presents)</a></h2> <h6><strong>Author:</strong> John R. Mousseau, CFA, <strong>Post Date: </strong>March 26, 2020<a class="post-thumbnail" href="https://www.cumber.com/cumberland-advisors-market-commentary-the-muni-meltdown-timeline-and-the-opportunity-it-presents/"> <img class="attachment-post-thumbnail size-post-thumbnail wp-post-image" src="/sites/default/files/uploads/2020/03/CA-Market-Commentary-The-Muni-Meltdown-Timeline-and-the-Opportunity-It-Presents-672x372.jpg" sizes="(max-width: 672px) 100vw, 672px" srcset="/sites/default/files/uploads/2020/03/CA-Market-Commentary-The-Muni-Meltdown-Timeline-and-the-Opportunity-It-Presents-672x372.jpg 672w, /sites/default/files/uploads/2020/03/CA-Market-Commentary-The-Muni-Meltdown-Timeline-and-the-Opportunity-It-Presents-1038x576.jpg 1038w" alt="CA-Market-Commentary-The Muni Meltdown Timeline (and the Opportunity It Presents)" width="672" height="372" /> </a>The Municipal Bond Market has suffered one of the most dramatic back-offs it has ever seen; and it was accomplished in about nine business days. The rise in yields has been dramatic and fierce and had lots of elements to it. This is a quick synopsis of some of the muni meltdown. As of Monday [<a href="https://www.cumber.com/cumberland-advisors-market-commentary-the-muni-meltdown-timeline-and-the-opportunity-it-presents/" target="_blank" rel="noopener noreferrer">Continued…</a>]</h6> </header> <div class="entry-summary"></div> </article> </div> <div class="categorysub"> <article id="post-51663" class="post-51663 post type-post status-publish format-standard has-post-thumbnail hentry category-market-commentary tag-coronavirus tag-covid-19 tag-david-r-kotok"> <header class="entry-header"> <h2></h2> </header> </article> </div> <div class="categorysub"> <article id="post-51652" class="post-51652 post type-post status-publish format-standard has-post-thumbnail hentry category-market-commentary tag-cdc tag-cdc-foundation tag-david-r-kotok tag-judith-monroe"> <header class="entry-header"> <h2 class="inner_text_heading"><a href="https://www.cumber.com/cumberland-advisors-market-commentary-the-cdc-foundation/" rel="bookmark">The CDC Foundation</a></h2> <h6><strong>Author:</strong> David R. Kotok, <strong>Post Date: </strong>March 23, 2020</h6> </header> <div class="entry-summary"> <p><a class="post-thumbnail" href="https://www.cumber.com/cumberland-advisors-market-commentary-the-cdc-foundation/"> <img class="attachment-post-thumbnail size-post-thumbnail wp-post-image" src="/sites/default/files/uploads/2018/08/CDC-Judy-David-Play.jpg" sizes="(max-width: 560px) 100vw, 560px" srcset="/sites/default/files/uploads/2018/08/CDC-Judy-David-Play.jpg 560w, /sites/default/files/uploads/2018/08/CDC-Judy-David-Play-300x169.jpg 300w" alt="CDC Foundation Dr Judy Monroe & David Kotok" width="560" height="315" /> </a>Dear readers. The CDC Foundation is not widely known. It’s a 501(c)3 that was created by Congress as a special charitable agency. The Foundation works right alongside the CDC and other national health agencies but is an independent charity. It has a special-purpose charter. Its purpose is to respond rapidly to threats like COVID-19 or [<a href="https://www.cumber.com/cumberland-advisors-market-commentary-the-cdc-foundation/" target="_blank" rel="noopener noreferrer">Continued…</a>]</p> </div> </article> </div> <div class="categorysub"> <article id="post-51648" class="post-51648 post type-post status-publish format-standard has-post-thumbnail hentry category-market-commentary tag-william-witherell"> <header class="entry-header"></header> <div class="entry-summary"> <p> </p> </div> <header class="entry-header"> <h2 class="inner_text_heading"><a href="https://www.cumber.com/cumberland-advisors-guest-commentary-is-there-a-covid-19-signal-in-climate-data-is-it-potential-good-news-for-florida/" rel="bookmark">Cumberland Advisors Guest Commentary – Is There A COVID-19 Signal in Climate Data & Is It Potential Good News for Florida?</a></h2> <h6><strong>Author:</strong> Bob Bunting, <strong>Post Date: March 20, 2020</strong></h6> </header> <div class="entry-summary"> <p><a class="post-thumbnail" href="https://www.cumber.com/cumberland-advisors-guest-commentary-is-there-a-covid-19-signal-in-climate-data-is-it-potential-good-news-for-florida/"> <img class="attachment-post-thumbnail size-post-thumbnail wp-post-image" src="/sites/default/files/uploads/2020/03/Is-There-A-COVID-19-Signal-in-Climate-Data-Is-It-Potential-Good-News-for-Florida-Bunting-672x372.jpg" sizes="(max-width: 672px) 100vw, 672px" srcset="/sites/default/files/uploads/2020/03/Is-There-A-COVID-19-Signal-in-Climate-Data-Is-It-Potential-Good-News-for-Florida-Bunting-672x372.jpg 672w, /sites/default/files/uploads/2020/03/Is-There-A-COVID-19-Signal-in-Climate-Data-Is-It-Potential-Good-News-for-Florida-Bunting-1038x576.jpg 1038w" alt="Is There A COVID-19 Signal in Climate Data & Is It Potential Good News for Florida - Bunting" width="672" height="372" /> </a>Our colleague Bob Bunting, meteorologist, professor, and former executive at both the National Oceanic and Atmospheric Administration (NOAA) and the National Center for Atmospheric Research (NCAR), is CEO of the Climate Adaptation Center (CAC) here in Sarasota, Florida. Bob has contributed several guest commentaries to Cumberland in recent years, including “It’s Hot and Getting Hotter [<a href="https://www.cumber.com/cumberland-advisors-guest-commentary-is-there-a-covid-19-signal-in-climate-data-is-it-potential-good-news-for-florida/" target="_blank" rel="noopener noreferrer">Continued…</a>]</p> </div> </article> </div> <hr /> <p><a href="https://youtu.be/Sff0AGPrIJQ"><img class="aligncenter wp-image-51730 size-large" src="/sites/default/files/uploads/2020/03/Market-Commentary-Cumberland-Advisors-Camp-Kotok-China-Panel-Discussion-1024x586.jpg" alt="Cumberland Advisors - Camp Kotok China Panel Discussion" width="474" height="271" /></a>No lectern, no PowerPoint. The China Panel is public and in the public domain. The press and public are free to use the video footage and quote the speakers across social media and elsewhere.</p> <p>The August 2019 China panel held at Camp Kotok packed an extraordinary amount of valuable information into a half hour and is well worth the time you’ll spend to view it: <a href="https://youtu.be/Sff0AGPrIJQ" target="_blank" rel="noopener noreferrer">https://youtu.be/Sff0AGPrIJQ</a></p> <p>This Camp Kotok talk session features panelists Michael Drury (Chief Economist for McVean Trading & Investments, LLC.), Jonathan D. T. Ward (Founder of Atlas Organization), & Leland Miller (CEO China Beige Book), all offering their take on U.S.-China relations. The panel and audience Q&A are guided by moderator, Lisa McIntire Shaw. <<a href="https://www.cumber.com/cumberland-advisors-market-commentary-china-panel-at-camp-kotok/" target="_blank" rel="noopener noreferrer">More...</a>></p> <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> </div> </div>

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 (Mar 30, 2020 - Apr 03, 2020)

CUMBERLAND ADVISORS' WEEKLY RECAP

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