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

Cumberland Advisors

Sun Nov 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>Thank you for joining Cumberland Advisors for this end-of-week update on market conditions, bonds & equities with Matt McAleer and John Mousseau, CFA</p> <div></div> <div> <div> <div> <div> <div> <div><strong>John Mousseau & Fixed Income / Munis</strong></div> </div> </div> </div> </div> <div> <div> <div>-This week, bond yields up<br /> -COVID vaccine caused a bit of euphoria on Monday<br /> -Muni Yields? No change this week.<br /> -Little muni supply, we don't expect much the rest of the year<br /> -We expect supply to increase next year<br /> -Expected election outcome looks favorable to munis<br /> -Next week? We'll keep an eye on key indicators. Without stimulus, a potential for economic slowdown persists.<strong>Matt McAleer & Equities / ETFs</strong><br /> -Lot of "nice" volatility this week<br /> -Plenty of demand in small and mid-cap space - a continuing theme<br /> -Some rotation from large to small and from growth to value<br /> -This week, NASDAQ 100 down, Russel 2000 up 6%, S&P up 2% - something to keep an eye on.<br /> -Large cap growth has been so dominant for the last 5 years that you can get into a way of thinking in terms of allocation that money will always follow what's working<br /> -I have a chart to share with you and what it means<br /> -Next week, 2 weeks from now, 3 weeks from now, will give us a lot information in terms of what this market will do in the next 60-90 days.<br /> -Really nice performance coming out of multiple indexes and multiple sectors.</div> <div></div> <div>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: <a href="https://youtu.be/mCxwHpOS_Z4" target="_blank" rel="noopener noreferrer">https://youtu.be/mCxwHpOS_Z4</a></div> </div> </div> </div> <p> </p> <p>Mark you calendars for Tuesday, November 17, 2020 between Noon and 1:30 pm for a lively and informative virtual discussion on "Post-Election Financial Markets" with a panel of professionals from the University of South Florida Sarasota-Manatee campus and Cumberland Advisors. John and I will be featured panelists along with others from our firm including David R. Kotok, Robert A. Eisenbeis, PhD, Patricia M. Healy, CFA, Bill Witherell, PhD, and Leo Chen, PhD.</p> <p><a href="https://www.sarasotamanatee.usf.edu/events/post-election-financial-markets.aspx" target="_blank" rel="noopener noreferrer"><img class="aligncenter" src="https://mcusercontent.com/d6f020f3bd6a1e2c4eb254e6c/images/123ed46e-85f0-4030-bf19-92c74ad99d76.jpg" alt="Post-Election Financial Markets" width="600" height="128" data-file-id="2709378" /></a></p> <p>More info: <a href="https://www.sarasotamanatee.usf.edu/events/post-election-financial-markets.aspx" target="_blank" rel="noopener noreferrer">https://www.sarasotamanatee.usf.edu/events/post-election-financial-markets.aspx</a></p> <p>Stay safe, healthy, and have a great weekend.</p> <p><strong>-Matt McAleer & Cumberland Advisors</strong></p> <p>Matt enjoys your feedback. You can reach him at:<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> </div> <hr /> <p><a href="/sites/default/files/uploads/2014/12/InTheNewsLarge.jpg"><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" /></a></p> <div id="appbar" class="appbar hdtb-ab-o"> <div id="extabar"> <div> <div id="slim_appbar" class="WE0UJf"> <div class="LHJvCe"></div> </div> </div> </div> </div> <div> <div> <div> <div class="dbsr" data-ved="0ahUKEwjHldafnoHtAhUMjVkKHcqEB9wQxPQBCDEoATAA"> <div class="yr3B8d KWQBje"> <div class="hI5pFf"> <div class="XTjFC WF4CUc">Sarasota Herald-Tribune mentions Cumberland Advisors</div> <div class="JheGif jBgGLd" role="heading" aria-level="2"><strong>Financial experts, USF faculty to host discussion about post-election financial markets</strong></div> <div role="heading" aria-level="2">November 13, 2020</div> <div role="heading" aria-level="2"></div> <div class="yJHHTd"> <p class="gnt_ar_b_p"><em>Financial experts from USF’s Muma College of Business and Sarasota-based Cumberland Advisors will host a special discussion on Tuesday from noon to 1:30 p.m. to help investors better understand the presidential election’s impact on financial markets and the economy.</em></p> <p class="gnt_ar_b_p"><em>The 90-minute “Post-Election Financial Markets” webinar is free and open to the public. Register at <a class="gnt_ar_b_a" href="https://www.sarasotamanatee.usf.edu/events/post-election-financial-markets.aspx" target="_blank" rel="noopener noreferrer" data-t-l="|inline|intext|n/a">sarasotamanatee.usf.edu/postelection</a>. The event will be comprised of three panel discussions followed by a Q&A session.</em></p> <p>More: <a href="https://www.heraldtribune.com/story/news/local/2020/11/13/usf-host-discussion-post-election-financial-markets/6277151002/" target="_blank" rel="noopener noreferrer">https://www.heraldtribune.com/story/news/local/2020/11/13/usf-host-discussion-post-election-financial-markets/6277151002/</a></p> </div> </div> </div> <div></div> </div> </div> </div> </div> <div> <div> <div> <div> <hr /> </div> <div class="dbsr" data-ved="0ahUKEwjHldafnoHtAhUMjVkKHcqEB9wQxPQBCDkoATAB"> <div class="yr3B8d KWQBje"> <div class="hI5pFf"> <div class="XTjFC WF4CUc">Washington Post quotes David R. Kotok</div> <div class="JheGif jBgGLd" role="heading" aria-level="2"><strong>Voters choose Biden to rebuild U.S. economy battered by </strong><br /> <strong>pandemic</strong></div> </div> </div> </div> </div> </div> </div> <p>November 07, 2020</p> <p><em>President-elect Joe Biden overcame President Trump’s attempt to ride a record economic rebound to reelection, as voters showed more concern for the troubled economy’s future than appreciation for its pre-coronavirus past.</em></p> <p><em>Trade war and tariffs reversed much of Trump’s first two years in economic growth,” David Kotok, chief investment officer for Cumberland Advisors, wrote in an email.</em></p> <p><em>Trump’s trade war also may have hurt him in the politically crucial industrial Midwest. States that rely on imported parts from China, such as Michigan, were especially hit hard by the tariffs on Chinese products that the president imposed in 2018, according to a new study by the Federal Reserve Bank of St. Louis.</em></p> <p><a href="https://www.washingtonpost.com/business/2020/11/07/us-economy-biden-election/" target="_blank" rel="noopener noreferrer">https://www.washingtonpost.com/business/2020/11/07/us-economy-biden-election/</a></p> <hr /> <p>The Philadelphia Inquirer quotes David R. Kotok<br /> <strong>Wall St. betting on Biden win, GOP Senate, smaller stimulus</strong><br /> November 05, 2020</p> <p><em>Muni bonds: “As the economy improves and we get to a vaccine, we should see higher (interest) rates no matter who is finally elected President,” wrote David Kotok, municipal bond and fixed income investor with Cumberland Advisors. For now, however, interest rates remain low.</em></p> <p><em>“Munis should be fine,” he wrote, although these bonds “will probably not get a tax-increase boost right away, from a demand/supply standpoint they are in very good shape.”</em></p> <p><em>Until a second stimulus bill passes Congress, “we may see some additional actions from the Federal Reserve to shore up markets if needed. We also expect further jawboning from the Fed to Congress on the importance of additional stimulus.”</em><br /> <a href="https://www.theday.com/business/20201105/wall-st-betting-on-biden-win-gop-senate-smaller-stimulus" target="_blank" rel="nofollow noopener noreferrer">https://www.fa-mag.com/news/california-s-boom-collapses-with-fires-adding–1-1-billion-toll-58482.html</a></p> <hr /> <p>Bloomberg Markets<br /> <strong>P&L Podcast interviews David R. Kotok</strong><br /> November 04, 2020</p> <p><em>David Kotok, Chairman & Chief Investment Officer at Cumberland Advisors, on bond markets and his current election outlook. Danielle DiMartino Booth, CEO and Chief Strategist for Quill Intelligence LLC, former adviser to the Dallas Fed, discusses how the election has impacted her outlook for the economy, and a preview of the FOMC. Timothy O'Brien, Senior Columnist for Bloomberg Opinion, on the election results. Hosted by Paul Sweeney and Vonnie Quinn.</em></p> <p><a href="https://podcasts.apple.com/us/podcast/no-plausible-legal-grounds-to-contest-election-levitt/id326301337?i=1000497237365" target="_blank" rel="noopener noreferrer">https://podcasts.apple.com/us/podcast/no-plausible-legal-grounds-to-contest-election-levitt/id326301337?i=1000497237365</a></p> <hr /> <p>University of South Florida Foundation recognizes grant from David R. Kotok and Christine Schlesinger<br /> <strong>Donation to USF will support new training program for nurses during COVID-19</strong><br /> November 13, 2020</p> <p><em>The University of South Florida Foundation has received a generous $57,000 donation from Sarasota businessman David Kotok and his partner Christine Schlesinger to support the development and delivery of a new continuing education training program by the USF Health College of Nursing. The program will help nurses stay safe while treating patients during the COVID-19 pandemic.</em></p> <p><em>The four-part educational series, “Frontline Nursing During COVID-19: A New Paradigm,” will be offered virtually to nurses locally, statewide, and nationally starting in early February.</em></p> <p><em>Kotok said he was inspired to work with USF on this unique program after listening to a presentation by Usha Menon, interim dean of the College of Nursing, during a recent Sarasota-Manatee campus virtual event hosted by Regional Chancellor Karen Holbrook.</em></p> <p><a href="https://www.sarasotamanatee.usf.edu/news/2020/donation-to-usf-will-support-new-training-program-for-nurses-during-covid.aspx" target="_blank" rel="noopener noreferrer">https://www.sarasotamanatee.usf.edu/news/2020/donation-to-usf-will-support-new-training-program-for-nurses-during-covid.aspx</a></p> <hr /> <div class="post-thumbnail"><img class="attachment-post-thumbnail size-post-thumbnail wp-post-image aligncenter" 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">https://www.cumber.com/category/market-commentary/</a></p> </div> <hr /> <header class="entry-header"> <header class="entry-header"> <header class="entry-header"> <div class="categorysub"> <article id="post-53961" class="post-53961 post type-post status-publish format-standard has-post-thumbnail hentry category-market-commentary category-uncategorized tag-david-r-kotok"> <header class="entry-header"> <header class="entry-header"> <header class="entry-header"> <header class="entry-header"> <h2 class="inner_text_heading"><a href="https://www.cumber.com/cumberland-advisors-market-commentary-municipal-employment/" rel="bookmark">Municipal Employment</a></h2> <h6><strong>Author:</strong> Patricia Healy, CFA, <strong>Post Date:</strong> November 12, 2020</h6> </header> <div class="entry-summary"> <p><a class="post-thumbnail" href="https://www.cumber.com/cumberland-advisors-market-commentary-municipal-employment/"><img class="attachment-post-thumbnail size-post-thumbnail wp-post-image aligncenter" src="/sites/default/files/uploads/2020/11/Market-Commentary-Cumberland-Advisors-Municipal-Employment-Patricia-Healy-CFA-672x372.jpg" sizes="(max-width: 672px) 100vw, 672px" srcset="/sites/default/files/uploads/2020/11/Market-Commentary-Cumberland-Advisors-Municipal-Employment-Patricia-Healy-CFA-672x372.jpg 672w, /sites/default/files/uploads/2020/11/Market-Commentary-Cumberland-Advisors-Municipal-Employment-Patricia-Healy-CFA-1038x576.jpg 1038w" alt="Market Commentary - Cumberland Advisors - Municipal Employment - Patricia Healy, CFA" width="672" height="372" /></a>The positive jobs growth news, showing an increase of 638,000 jobs in October and a full one percent reduction in the unemployment rate to 6.9%, masked a decline in government employment. Private jobs were up by 906,000, led by an increase of 271,000 in hospitality and leisure, a sector that has been hit particularly hard […]</p> <hr /> </div> <header class="entry-header"> <h2 class="inner_text_heading"><a href="https://www.cumber.com/cumberland-advisors-market-commentary-11-11-11/" rel="bookmark">11-11-11</a></h2> <h6><strong>Author:</strong> David R. Kotok, <strong>Post Date:</strong> November 11, 2020</h6> </header> <div class="entry-summary"> <p><a class="post-thumbnail" href="https://www.cumber.com/cumberland-advisors-market-commentary-11-11-11/"><img class="attachment-post-thumbnail size-post-thumbnail wp-post-image aligncenter" src="/sites/default/files/uploads/2020/11/poppies-field-of-poppies-blooming-poppies-red-1280x720-1-672x372.jpg" sizes="(max-width: 672px) 100vw, 672px" srcset="/sites/default/files/uploads/2020/11/poppies-field-of-poppies-blooming-poppies-red-1280x720-1-672x372.jpg 672w, /sites/default/files/uploads/2020/11/poppies-field-of-poppies-blooming-poppies-red-1280x720-1-1038x576.jpg 1038w" alt="Field-of-poppies-blooming-red-1280x720" width="672" height="372" /></a></p> <p>On November 11, 1918, President Woodrow Wilson signed the agreement that ended the fighting in World War 1, a conflict that engulfed 30 nations and cost millions of lives (estimates vary). In June of 1919, the Treaty of Versailles would attempt to forge the terms of the peace. Months later, on November 11, 1919, Wilson […]</p> <hr /> </div> <h2 class="inner_text_heading"><a href="https://www.cumber.com/cumberland-advisors-market-commentary-singles-day-and-alibaba/" rel="bookmark">Singles’ Day and Alibaba</a></h2> <header class="entry-header"> <h6><strong>Author:</strong> Leo Chen, Ph.D., <strong>Post Date:</strong> November 10, 2020</h6> </header> <div class="entry-summary"> <p><a class="post-thumbnail" href="https://www.cumber.com/cumberland-advisors-market-commentary-singles-day-and-alibaba/"><img class="attachment-post-thumbnail size-post-thumbnail wp-post-image aligncenter" src="/sites/default/files/uploads/2020/11/Market-Commentary-Cumberland-Advisors-Singles-Day-and-Alibaba-Leo-Chen-672x372.jpg" sizes="(max-width: 672px) 100vw, 672px" srcset="/sites/default/files/uploads/2020/11/Market-Commentary-Cumberland-Advisors-Singles-Day-and-Alibaba-Leo-Chen-672x372.jpg 672w, /sites/default/files/uploads/2020/11/Market-Commentary-Cumberland-Advisors-Singles-Day-and-Alibaba-Leo-Chen-1038x576.jpg 1038w" alt="Market Commentary - Cumberland Advisors - Singles’ Day and Alibaba (Leo Chen)" width="672" height="372" /></a></p> <p>November 11 is Singles’ Day in China. It is an unofficial shopping holiday that was started by Alibaba in 2009. It is called Singles’ Day because the repeated number “1” in “11.11” refers to single people in Chinese. Although Singles’ Day is often compared to Black Friday in the US, it is actually more similar […]</p> </div> </header> </header> </header> </article> </div> </header> </header> </header> <hr /> <header class="entry-header"> <h2 class="inner_text_heading"><a href="https://www.cumber.com/cumberland-advisors-market-commentary-china-update-ant-versus-the-state/" rel="bookmark">China Update – Ant Versus the State</a></h2> <h6><strong>Author:</strong> William Witherell, Ph.D., <strong>Post Date:</strong> November 9, 2020</h6> </header> <div class="entry-summary"> <p><a class="post-thumbnail" href="https://www.cumber.com/cumberland-advisors-market-commentary-china-update-ant-versus-the-state/"> <img class="attachment-post-thumbnail size-post-thumbnail wp-post-image aligncenter" src="/sites/default/files/uploads/2017/09/MarketCommentaryLargeBillWitherell-LinkedIn-672x372.jpg" sizes="(max-width: 672px) 100vw, 672px" srcset="/sites/default/files/uploads/2017/09/MarketCommentaryLargeBillWitherell-LinkedIn-672x372.jpg 672w, /sites/default/files/uploads/2017/09/MarketCommentaryLargeBillWitherell-LinkedIn-1038x576.jpg 1038w" alt="Cumberland Advisors Market Commentary by William "Bill" Witherell, Ph.D." width="672" height="372" /> </a></p> <p>Last week, the Ant Group was expected to list in Shanghai and Hong Kong the largest IPO in history. However, on Tuesday, November 3, the Shanghai Stock Exchange announced it had postponed the company’s listing, citing “major issues” that might cause it “not to meet the listing conditions or disclosure requirements.” The IPO listing was […]</p> <hr /> </div> <header class="entry-header"> <header class="entry-header"> <header class="entry-header"> <div class="categorysub"> <article id="post-53961" class="post-53961 post type-post status-publish format-standard has-post-thumbnail hentry category-market-commentary category-uncategorized tag-david-r-kotok"> <header class="entry-header"> <header class="entry-header"> <header class="entry-header"> <header class="entry-header"> <h2 class="inner_text_heading"><a href="https://www.cumber.com/cumberland-advisors-market-commentary-hurricane-roxcy-or-hurricane-bob/" rel="bookmark">Hurricane Roxcy or Hurricane Bob?</a></h2> <h6><strong>Author:</strong> , <strong>Post Date:</strong> November 8, 2020</h6> </header> <div class="entry-summary"><a class="post-thumbnail" href="https://www.cumber.com/cumberland-advisors-market-commentary-hurricane-roxcy-or-hurricane-bob/"> <img class="attachment-post-thumbnail size-post-thumbnail wp-post-image aligncenter" src="/sites/default/files/uploads/2020/11/Market-Commentary-Cumberland-Advisors-David-Sunday-Hurricane-Roxcy-or-Hurricane-Bob-Kotok-672x372.jpg" sizes="(max-width: 672px) 100vw, 672px" srcset="/sites/default/files/uploads/2020/11/Market-Commentary-Cumberland-Advisors-David-Sunday-Hurricane-Roxcy-or-Hurricane-Bob-Kotok-672x372.jpg 672w, /sites/default/files/uploads/2020/11/Market-Commentary-Cumberland-Advisors-David-Sunday-Hurricane-Roxcy-or-Hurricane-Bob-Kotok-1038x576.jpg 1038w" alt="Hurricane Roxcy or Hurricane Bob" width="672" height="372" /> </a></div> <div class="entry-summary"> <p> </p> <p>“Biden’s proposals to increase taxes on the wealthy and corporations – not to mention a $2 trillion plan to fight climate change – would stand virtually no chance in a Mitch McConnell-led Republican Senate” (https://www.bloomberg.com/news/newsletters/2020-11-05/a-biden-agenda-might-stall-before-it-starts). Let’s devote Sunday to the climate. Climate change is a big agenda item for Biden & Co. But a gridlocked […]</p> <hr /> </div> <h2 class="inner_text_heading"><a href="https://www.cumber.com/cumberland-advisors-market-commentary-electoral-college-timeline/" rel="bookmark">Electoral College Timeline</a></h2> <h6><strong>Author:</strong> David R. Kotok, <strong>Post Date:</strong> November 6, 2020</h6> </header> <div class="entry-summary"> <p><a class="post-thumbnail" href="https://www.cumber.com/cumberland-advisors-market-commentary-electoral-college-timeline/"><img class="attachment-post-thumbnail size-post-thumbnail wp-post-image aligncenter" src="/sites/default/files/uploads/2020/11/Market-Commentary-Cumberland-Advisors-Electoral-College-Timeline-Kotok-672x372.jpg" sizes="(max-width: 672px) 100vw, 672px" srcset="/sites/default/files/uploads/2020/11/Market-Commentary-Cumberland-Advisors-Electoral-College-Timeline-Kotok-672x372.jpg 672w, /sites/default/files/uploads/2020/11/Market-Commentary-Cumberland-Advisors-Electoral-College-Timeline-Kotok-1038x576.jpg 1038w" alt="" width="672" height="372" /></a></p> <p>Here’s the link to the Congressional Research Service report on the Electoral College timeline. Hat tip Politico. https://crsreports.congress.gov/product/pdf/IF/IF11641 David R. Kotok Chairman of the Board & Chief Investment Officer Email | Bio 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 […]</p> </div> <hr /> <header class="entry-header"> <h2 class="inner_text_heading"><a href="https://www.cumber.com/cumberland-advisors-market-commentary-wave-bye-to-blue-wave-bonds/" rel="bookmark">Wave Bye to Blue Wave – Bonds</a></h2> <h6><strong>Author:</strong> John R. Mousseau, CFA, <strong>Post Date:</strong> November 4, 2020</h6> </header> <div class="entry-summary"> <p><a class="post-thumbnail" href="https://www.cumber.com/cumberland-advisors-market-commentary-wave-bye-to-blue-wave-bonds/"><img class="attachment-post-thumbnail size-post-thumbnail wp-post-image aligncenter" src="/sites/default/files/uploads/2020/11/Market-Commentary-Cumberland-Advisors-Wave-Bye-to-Blue-Wave-–-Bonds-Mousseau-672x372.jpg" sizes="(max-width: 672px) 100vw, 672px" srcset="/sites/default/files/uploads/2020/11/Market-Commentary-Cumberland-Advisors-Wave-Bye-to-Blue-Wave-–-Bonds-Mousseau-672x372.jpg 672w, /sites/default/files/uploads/2020/11/Market-Commentary-Cumberland-Advisors-Wave-Bye-to-Blue-Wave-–-Bonds-Mousseau-1038x576.jpg 1038w" alt="Market Commentary - Cumberland Advisors - Wave Bye to Blue Wave – Bonds" width="672" height="372" /></a></p> <p>Though we are still sorting out last night’s election, the so-called “blue wave” of a Democratic sweep of the White House, Senate, and House of Representatives didn’t happen. At this hour, the White House is still not decided; it appears the Senate will NOT switch and will stay Republican; and the Republicans made a few […]</p> </div> <hr /> <header class="entry-header"> <h2 class="inner_text_heading"><a href="https://www.cumber.com/cumberland-advisors-market-commentary-yogi-response/" rel="bookmark">Yogi Response</a></h2> <h6><strong>Author:</strong> , <strong>Post Date:</strong> November 2, 2020</h6> </header> <div class="entry-summary"> <p><a class="post-thumbnail" href="https://www.cumber.com/cumberland-advisors-market-commentary-yogi-response/"><img class="attachment-post-thumbnail size-post-thumbnail wp-post-image aligncenter" src="/sites/default/files/uploads/2020/11/Market-Commentary-Cumberland-Advisors-Yogi-Response-672x372.jpg" sizes="(max-width: 672px) 100vw, 672px" srcset="/sites/default/files/uploads/2020/11/Market-Commentary-Cumberland-Advisors-Yogi-Response-672x372.jpg 672w, /sites/default/files/uploads/2020/11/Market-Commentary-Cumberland-Advisors-Yogi-Response-1038x576.jpg 1038w" alt="Market Commentary - Cumberland Advisors - Yogi Response" width="672" height="372" /></a>Commentaries regularly create opportunities to broaden the conversation with readers. A number of readers responded to my take on the election, “Yogi: It Aint Over,” posted on October 14 (https://www.cumber.com/yogi-it-aint-over/). Some readers questioned the DataTrek outline of stock market results. They speculated that, since a new president takes office four months into a federal budget year, […]</p> </div> <hr /> <header class="entry-header"> <h2 class="inner_text_heading"><a href="https://www.cumber.com/cumberland-advisors-market-commentary-men/" rel="bookmark">Men</a></h2> <h6><strong>Author:</strong> David R. Kotok, <strong>Post Date:</strong> November 1, 2020</h6> </header> <div class="entry-summary"> <p><a class="post-thumbnail" href="https://www.cumber.com/cumberland-advisors-market-commentary-men/"><img class="attachment-post-thumbnail size-post-thumbnail wp-post-image aligncenter" src="/sites/default/files/uploads/2020/11/Market-Commentary-Cumberland-Advisors-David-Sunday-Men-672x372.jpg" sizes="(max-width: 672px) 100vw, 672px" srcset="/sites/default/files/uploads/2020/11/Market-Commentary-Cumberland-Advisors-David-Sunday-Men-672x372.jpg 672w, /sites/default/files/uploads/2020/11/Market-Commentary-Cumberland-Advisors-David-Sunday-Men-1038x576.jpg 1038w" alt="Market-Commentary-Cumberland-Advisors-David-Sunday-Men" width="672" height="372" /></a>On October 18, we dedicated our Sunday morning missive to women. (See “Women,” https://www.cumber.com/cumberland-advisors-market-commentary-women/.) Men may not fall into that gender category, but they are part of the group that made that gender possible. So, this October blue moon, micro-moon, Halloween weekend, Sunday missive is about men. Please note that the majority of the politicians […]</p> </div> <hr /> <h2 class="inner_text_heading"><a href="https://www.cumber.com/cumberland-advisors-market-commentary-60-40-is-not-dead-yet/" rel="bookmark">60/40 is not dead yet</a></h2> <h6><strong>Author:</strong> David R. Kotok, <strong>Post Date:</strong> October 29, 2020</h6> </header> <div class="entry-summary"> <p><a class="post-thumbnail" href="https://www.cumber.com/cumberland-advisors-market-commentary-60-40-is-not-dead-yet/"><img class="attachment-post-thumbnail size-post-thumbnail wp-post-image aligncenter" src="/sites/default/files/uploads/2020/10/Market-Commentary-Cumberland-Advisors-60-40-is-not-dead-yet-672x372.jpg" sizes="(max-width: 672px) 100vw, 672px" srcset="/sites/default/files/uploads/2020/10/Market-Commentary-Cumberland-Advisors-60-40-is-not-dead-yet-672x372.jpg 672w, /sites/default/files/uploads/2020/10/Market-Commentary-Cumberland-Advisors-60-40-is-not-dead-yet-1038x576.jpg 1038w" alt="Market Commentary - Cumberland Advisors - 60-40 is not dead yet" width="672" height="372" /></a></p> <p>“The 60% stock/40% bond portfolio is largely a relic of the past, with alternatives likely to become a bigger portion of investors’ portfolios over the next decade, asset management chiefs said during a panel discussion at the Milken Global Institute Conference on Wednesday.” (“The 60/40 Portfolio Is Dead. Here’s What Will Replace It,” https://www.barrons.com/articles/the-60-40-portfolio-is-dead-heres-what-will-replace-it-51602757800) We disagree […]</p> </div> <hr /> <header class="entry-header"> <h2 class="inner_text_heading"><a href="https://www.cumber.com/cumberland-advisors-market-commentary-qa-with-christopher-whalen/" rel="bookmark">Q&A with Christopher Whalen</a></h2> <h6><strong>Author:</strong> David R. Kotok, <strong>Post Date:</strong> October 27, 2020</h6> </header> <div class="entry-summary"> <p><a class="post-thumbnail" href="https://www.cumber.com/cumberland-advisors-market-commentary-qa-with-christopher-whalen/"><img class="attachment-post-thumbnail size-post-thumbnail wp-post-image aligncenter" src="/sites/default/files/uploads/2020/10/Market-Commentary-Cumberland-Advisors-QA-with-Chris-Whalen-672x372.jpg" sizes="(max-width: 672px) 100vw, 672px" srcset="/sites/default/files/uploads/2020/10/Market-Commentary-Cumberland-Advisors-QA-with-Chris-Whalen-672x372.jpg 672w, /sites/default/files/uploads/2020/10/Market-Commentary-Cumberland-Advisors-QA-with-Chris-Whalen-1038x576.jpg 1038w" alt="Market Commentary - Cumberland Advisors - Q&A with Chris Whalen" width="672" height="372" /></a></p> <p>Christopher Whalen is a longtime friend and confidant, so this interview with him inevitably reflects the sorts of biases that result from engaging, enlightening conversations over many years. Many know Chris from TV appearances or press quotes or social media commentary. Others may know his three successful books: Inflated: How Money and Debt Built the […]</p> <hr /> <p><a href="https://www.eventbrite.com/e/post-election-financial-markets-virtual-event-tickets-128140757455" target="_blank" rel="noopener noreferrer"><img class="aligncenter size-large wp-image-54173" src="/sites/default/files/uploads/2020/11/USF-Cumberland-Advisors-Post-Election-Conference-642x1024.jpg" alt="Post-Election Financial Markets" width="642" height="1024" /></a></p> <h3 style="text-align: center;">Tuesday, Nov. 17, 2020<br /> Noon to 1:30 p.m.<br /> Via Microsoft Teams</h3> <p>Join us for a lively and informative virtual discussion on Post-Election Financial Markets with a panel of experts from the University of South Florida Sarasota-Manatee campus and Cumberland Advisors.</p> <h2 class="null" style="text-align: center;"><a class="cta-green-button" href="https://www.eventbrite.com/e/post-election-financial-markets-virtual-event-tickets-128140757455">Free Registration</a></h2> </div> <header class="entry-header"></header> </header> </article> </div> </header> </header> </header> <header class="entry-header"></header> <header class="entry-header"> <hr /> </header> <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>

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 (Nov 09, 2020 - Nov 13, 2020)

CUMBERLAND ADVISORS' WEEKLY RECAP

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