Cumberland Advisors Week in Review (Oct 19, 2020 - Oct 23, 2020)

Cumberland Advisors

Sun Oct 25, 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>Dear Clients & Friends,</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><strong>Matt McAleer & Equities / ETFs</strong></p> <div> <div> <div> <div> <div>-Equity markets digesting COVID-19 and election headlines well<br /> -Recent Russell 2000 outperformance showing expansion of breadth in the market<br /> -Value maintaining strong bid due to interest rate relief for banks and insurance<br /> -Know the difference between Volatility and Risk</p> <p><strong>John Mousseau & Fixed Income / Munis</strong></div> </div> </div> </div> </div> <div> <div> <div>-Bond yields creeping higher<br /> -Markets thinking about a Democratic victory<br /> -More muni issuers looking to come to market before the election<br /> -Looking out for Jobless Claims and Q3 GDP next week </div> <p>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/k7ByJltj_TE" target="_blank" rel="noopener noreferrer">https://youtu.be/k7ByJltj_TE</a>)</div> </div> </div> <p>Stay safe, healthy, and have a great weekend.</p> <p><strong>-Matt McAleer & Cumberland Advisors</strong></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><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 /> <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"> <h2 class="inner_text_heading"><a href="https://www.cumber.com/cumberland-advisors-market-commentary-qingdao-canada-and-florida/" rel="bookmark">Qingdao, Canada, and Florida</a></h2> <h6><strong>Author:</strong> David R. Kotok, <strong>Post Date:</strong> October 22, 2020</h6> </header> <div class="entry-summary"> <p><a class="post-thumbnail" href="https://www.cumber.com/cumberland-advisors-market-commentary-qingdao-canada-and-florida/"> <img class="attachment-post-thumbnail size-post-thumbnail wp-post-image alignnone" src="/sites/default/files/uploads/2019/05/CA-David-Kotok-With-Description-Blue-672x372.jpg" sizes="(max-width: 672px) 100vw, 672px" srcset="/sites/default/files/uploads/2019/05/CA-David-Kotok-With-Description-Blue-672x372.jpg 672w, /sites/default/files/uploads/2019/05/CA-David-Kotok-With-Description-Blue-1038x576.jpg 1038w" alt="David R. Kotok" width="672" height="372" /> </a></p> <p>Readers can compare for themselves. In Qingdao, China, just a dozen new cases of COVID-19 triggered the testing of the city’s entire population – that’s nine million tests in just five days. Sickness and death are being held tightly in check and so is damage to economic growth. (“China’s Beer Capital to Test Entire Population for […]</p> </div> </article> </div> <div class="categorysub"> <article id="post-53950" class="post-53950 post type-post status-publish format-standard has-post-thumbnail hentry category-market-commentary category-uncategorized tag-david-r-kotok tag-taxes"> <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-taxes/" rel="bookmark">Taxes</a></h2> <h6><strong>Author:</strong> David R. Kotok, <strong>Post Date:</strong> October 21, 2020</h6> </header> <div class="entry-summary"> <p><a class="post-thumbnail" href="https://www.cumber.com/cumberland-advisors-market-commentary-taxes/"> <img class="attachment-post-thumbnail size-post-thumbnail wp-post-image aligncenter" src="/sites/default/files/uploads/2020/10/Market-Commentary-Cumberland-Advisors-Taxes-672x372.jpg" sizes="(max-width: 672px) 100vw, 672px" srcset="/sites/default/files/uploads/2020/10/Market-Commentary-Cumberland-Advisors-Taxes-672x372.jpg 672w, /sites/default/files/uploads/2020/10/Market-Commentary-Cumberland-Advisors-Taxes-1038x576.jpg 1038w" alt="Market Commentary - Cumberland Advisors - Taxes" width="672" height="372" /> </a></p> <p>There are several policy areas where the differences between Biden and Trump are huge. Climate change policy is one of them, and we have discussed that in the past. Another is taxes. Essentially, Biden promises he will raise taxation in many ways, with the increases falling on businesses and on Americans with taxable incomes of $400,000 per […]</p> </div> <footer class="entry-meta"> <hr /> </footer> </article> </div> <div class="categorysub"> <article id="post-53940" class="post-53940 post type-post status-publish format-standard has-post-thumbnail hentry category-market-commentary category-uncategorized"> <header class="entry-header"> <h2 class="inner_text_heading"><a href="https://www.cumber.com/cumberland-advisors-market-commentary-jobs-where-do-we-stand-now/" rel="bookmark">Where Do We Stand Now?</a></h2> <h6><strong>Author:</strong> Robert Eisenbeis, Ph.D., <strong>Post Date:</strong> October 20, 2020</h6> </header> <div class="entry-summary"> <p><a class="post-thumbnail" href="https://www.cumber.com/cumberland-advisors-market-commentary-jobs-where-do-we-stand-now/"> <img class="attachment-post-thumbnail size-post-thumbnail wp-post-image aligncenter" src="/sites/default/files/uploads/2020/06/Market-Commentary-Cumberland-Advisors-2020-672x372.jpg" sizes="(max-width: 672px) 100vw, 672px" srcset="/sites/default/files/uploads/2020/06/Market-Commentary-Cumberland-Advisors-2020-672x372.jpg 672w, /sites/default/files/uploads/2020/06/Market-Commentary-Cumberland-Advisors-2020-1038x576.jpg 1038w" alt="" width="672" height="372" /> </a></p> <p>Two key issues in the upcoming election are jobs and the economy. Given their importance, it is appropriate to review exactly where we are on these issues. Both the economy and the job situation have been radically impacted by the COVID-19 pandemic. In the first quarter of 2020, real GDP declined at an annual rate […]</p> </div> </article> </div> <div class="categorysub"> <article id="post-53928" class="post-53928 post type-post status-publish format-standard has-post-thumbnail hentry category-market-commentary category-uncategorized tag-china tag-wall-street tag-william-witherell"> <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-china-and-wall-street-decoupling-or-linking/" rel="bookmark">Cumberland Advisors Market Commentary – China and Wall Street – Decoupling or Linking?</a></h2> <h6><strong>Author:</strong> Bill Witherell, Ph.D., <strong>Post Date:</strong> October 19, 2020</h6> </header> <div class="entry-summary"> <p><a class="post-thumbnail" href="https://www.cumber.com/cumberland-advisors-market-commentary-china-and-wall-street-decoupling-or-linking/"> <img class="attachment-post-thumbnail size-post-thumbnail wp-post-image aligncenter" src="/sites/default/files/uploads/2020/10/Market-Commentary-Cumberland-Advisors-China-and-Wall-Street-–-Decoupling-or-Linking-by-William-Witherell-Ph.D-672x372.jpg" sizes="(max-width: 672px) 100vw, 672px" srcset="/sites/default/files/uploads/2020/10/Market-Commentary-Cumberland-Advisors-China-and-Wall-Street-–-Decoupling-or-Linking-by-William-Witherell-Ph.D-672x372.jpg 672w, /sites/default/files/uploads/2020/10/Market-Commentary-Cumberland-Advisors-China-and-Wall-Street-–-Decoupling-or-Linking-by-William-Witherell-Ph.D-1038x576.jpg 1038w" alt="China and Wall Street – Decoupling or Linking by William Witherell, Ph.D" width="672" height="372" /> </a></p> <p>For at least three decades, under both Republican and Democratic administrations, the United States has urged China to open up its financial markets to foreign capital and foreign financial firms. However, as part of a broader strategy to decouple relationships with China, President Donald Trump’s administration appears to want global financial firms to pull back […]</p> </div> <footer class="entry-meta"> <hr /> </footer> </article> </div> <div class="categorysub"> <article id="post-53920" class="post-53920 post type-post status-publish format-standard has-post-thumbnail hentry category-market-commentary tag-david-r-kotok"> <header class="entry-header"> <h2 class="inner_text_heading"><a href="https://www.cumber.com/cumberland-advisors-market-commentary-women/" rel="bookmark">Women</a></h2> <h6><strong>Author:</strong> David R. Kotok, <strong>Post Date:</strong></h6> </header> <div class="entry-summary"> <p><a class="post-thumbnail" href="https://www.cumber.com/cumberland-advisors-market-commentary-women/"> <img class="attachment-post-thumbnail size-post-thumbnail wp-post-image aligncenter" src="/sites/default/files/uploads/2020/10/Market-Commentary-Cumberland-Advisors-David-Sunday-Women-672x372.jpg" sizes="(max-width: 672px) 100vw, 672px" srcset="/sites/default/files/uploads/2020/10/Market-Commentary-Cumberland-Advisors-David-Sunday-Women-672x372.jpg 672w, /sites/default/files/uploads/2020/10/Market-Commentary-Cumberland-Advisors-David-Sunday-Women-1038x576.jpg 1038w" alt="Market-Commentary-Cumberland-Advisors-David-Sunday-Women" width="672" height="372" /> </a></p> <p>The facts are becoming undeniably clearer. Labor force data confirms them. Anyone who wishes to dispute this claim may offer evidence to the contrary, but we won’t bog down this Sunday morning commentary with charts and links. There are about 25 million to 30 million Americans (out of a labor force of 160 million) who are in […]</p> </div> <footer class="entry-meta"> <hr /> </footer> </article> </div> <h2 class="inner_text_heading"><a href="https://www.cumber.com/cumberland-advisors-market-commentary-insider-trading-the-case-of-consumer-discretionary/" rel="bookmark">Insider Trading – the Case of Consumer Discretionary</a></h2> <h6><strong>Author:</strong> Leo Chen, Ph.D., <strong>Post Date:</strong> October 15, 2020</h6> </header> <div class="entry-summary"> <p><a class="post-thumbnail" href="https://www.cumber.com/cumberland-advisors-market-commentary-insider-trading-the-case-of-consumer-discretionary/"><img class="attachment-post-thumbnail size-post-thumbnail wp-post-image" src="/sites/default/files/uploads/2019/09/CA-Leo-Chen-With-Description-Blue-672x372.jpg" sizes="(max-width: 672px) 100vw, 672px" srcset="/sites/default/files/uploads/2019/09/CA-Leo-Chen-With-Description-Blue-672x372.jpg 672w, /sites/default/files/uploads/2019/09/CA-Leo-Chen-With-Description-Blue-1038x576.jpg 1038w" alt="Leo Chen, Ph.D." width="672" height="372" /></a>We have recently published two commentaries regarding insider trading. You may find them here: https://www.cumber.com/cumberland-advisors-market-commentary-insider-trading-the-case-of-energy/ & https://www.cumber.com/cumberland-advisors-market-commentary-insider-trading-what-does-it-tell-us/. As the third quarter has just come to an end, we want to pick the third-quarter winner, Consumer Discretionary, as our latest insider trading study. Please see Chart 1 below for the sector’s third-quarter sector performance. Consumer Discretionary […]</p> <hr /> </div> <header class="entry-header"> <h2 class="inner_text_heading"><a href="https://www.cumber.com/yogi-it-aint-over/" rel="bookmark">Yogi: “It aint over”</a></h2> <h6><strong>Author:</strong> David R. Kotok, <strong>Post Date:</strong> October 14, 2020</h6> </header> <div class="entry-summary"> <p><a class="post-thumbnail" href="https://www.cumber.com/yogi-it-aint-over/"> <img class="attachment-post-thumbnail size-post-thumbnail wp-post-image" src="/sites/default/files/uploads/2020/10/Market-Commentary-Cumberland-Advisors-Yogi-It-aint-over-672x372.jpg" sizes="(max-width: 672px) 100vw, 672px" srcset="/sites/default/files/uploads/2020/10/Market-Commentary-Cumberland-Advisors-Yogi-It-aint-over-672x372.jpg 672w, /sites/default/files/uploads/2020/10/Market-Commentary-Cumberland-Advisors-Yogi-It-aint-over-1038x576.jpg 1038w" alt="Market Commentary - Cumberland Advisors - Yogi “It aint over”" width="672" height="372" /> </a>“It aint over till its over” is exactly how Yogi Berra signed this ball when I bought it at a charity auction decades ago. He did put a dot over each lower case i. He didn’t use an apostrophe in ain’t, nor in it’s, and he did use till instead of until. Yogi’s message is […]</p> <hr /> </div> <header class="entry-header"> <h2 class="inner_text_heading"><a href="https://www.cumber.com/cumberland-advisors-market-commentary-scotus/" rel="bookmark">SCOTUS</a></h2> <h6><strong>Author:</strong> , <strong>Post Date:</strong> October 12, 2020</h6> </header> <div class="entry-summary"> <p><a class="post-thumbnail" href="https://www.cumber.com/cumberland-advisors-market-commentary-scotus/"><img class="attachment-post-thumbnail size-post-thumbnail wp-post-image" src="/sites/default/files/uploads/2018/10/Market-Commentary-Cumberland-Advisors-SCOTUS-672x372.jpg" sizes="(max-width: 672px) 100vw, 672px" srcset="/sites/default/files/uploads/2018/10/Market-Commentary-Cumberland-Advisors-SCOTUS-672x372.jpg 672w, /sites/default/files/uploads/2018/10/Market-Commentary-Cumberland-Advisors-SCOTUS-1038x576.jpg 1038w" alt="Market Commentary - Cumberland Advisors - SCOTUS" width="672" height="372" /></a>America’s stock and bond markets seem to be accepting of the current SCOTUS nominee and the political controversy. The following passage is translated from the original French work De La Démocratie en Amérique (Democracy in America), written by Alexis de Tocqueville nearly 200 years ago: “The great difficulty was, not to devise the constitution of […]</p> <hr /> </div> <header class="entry-header"> <h2 class="inner_text_heading"><a href="https://www.cumber.com/cumberland-advisors-market-commentary-three-items-to-consider/" rel="bookmark">Three Items to Consider</a></h2> <h6><strong>Author:</strong> David R. Kotok, <strong>Post Date:</strong> October 11, 2020</h6> </header> <div class="entry-summary"> <p><a class="post-thumbnail" href="https://www.cumber.com/cumberland-advisors-market-commentary-three-items-to-consider/"> <img class="attachment-post-thumbnail size-post-thumbnail wp-post-image" src="/sites/default/files/uploads/2020/10/Market-Commentary-Cumberland-Advisors-Three-Items-to-Consider-David-672x372.jpg" sizes="(max-width: 672px) 100vw, 672px" srcset="/sites/default/files/uploads/2020/10/Market-Commentary-Cumberland-Advisors-Three-Items-to-Consider-David-672x372.jpg 672w, /sites/default/files/uploads/2020/10/Market-Commentary-Cumberland-Advisors-Three-Items-to-Consider-David-1038x576.jpg 1038w" alt="Market Commentary - Cumberland Advisors - Three Items to Consider" width="672" height="372" /> </a>Item 1. My friend Nick Colas of DataTrek sent along a link to a Lapham’s Quarterly piece by Francine Prose that dives deeply into previous pandemics around the world and draws some surprising parallels with the way our present political establishment has managed the pandemic. The author says, “What’s so startling about the texts and […]</p> <hr /> </div> </header> <h2 class="inner_text_heading"><a href="https://www.cumber.com/cumberland-advisors-market-commentary-wildfires-out-west/" rel="bookmark">Wildfires Out West</a></h2> <h6><strong>Author:</strong> Patricia Healy, CFA, <strong>Post Date: October 8, 2020<br /> </strong></h6> </header> <div class="entry-summary"> <p><a class="post-thumbnail" href="https://www.cumber.com/cumberland-advisors-market-commentary-wildfires-out-west/"> <img class="attachment-post-thumbnail size-post-thumbnail wp-post-image aligncenter" src="/sites/default/files/uploads/2019/09/CA-Patricia-Healy-With-Description-Blue-672x372.jpg" sizes="(max-width: 672px) 100vw, 672px" srcset="/sites/default/files/uploads/2019/09/CA-Patricia-Healy-With-Description-Blue-672x372.jpg 672w, /sites/default/files/uploads/2019/09/CA-Patricia-Healy-With-Description-Blue-1038x576.jpg 1038w" alt="Patricia Healy, CFA" width="672" height="372" /> </a></p> <p>On Sunday, Bloomberg reported that this year’s California fires had scorched more ground than the last three years of fires combined. Higher temperatures and greater winds have contributed to the spread. Year-to-date, the California fires have covered 4 million acres in 8,200 fires throughout the state. Some 8,400 homes and buildings have been lost, and […]</p> </div> <hr /> <header class="entry-header"> <h2 class="inner_text_heading"><a href="https://www.cumber.com/cumberland-advisors-market-commentary-markets-events-economics/" rel="bookmark">Markets, Events, Economics</a></h2> <h6><strong>Author:</strong> David R. Kotok, <strong>Post Date:</strong> October 7, 2020</h6> </header> <div class="entry-summary"> <p><a class="post-thumbnail" href="https://www.cumber.com/cumberland-advisors-market-commentary-markets-events-economics/"> <img class="attachment-post-thumbnail size-post-thumbnail wp-post-image aligncenter" src="/sites/default/files/uploads/2019/05/CA-David-Kotok-With-Description-Blue-672x372.jpg" sizes="(max-width: 672px) 100vw, 672px" srcset="/sites/default/files/uploads/2019/05/CA-David-Kotok-With-Description-Blue-672x372.jpg 672w, /sites/default/files/uploads/2019/05/CA-David-Kotok-With-Description-Blue-1038x576.jpg 1038w" alt="David R. Kotok" width="672" height="372" /> </a></p> <p>Market-moving events and data points are coming fast, and in a chaotic sequence. Here are some bullets we are watching. 1. The outlook for elections is still highly uncertain and volatile. Biden appears to be strengthening. Texas governor Greg Abbott has restricted drop boxes for absentee ballots to one per county (“Texas governor shuts down drop-off […]</p> </div> <hr /> <header class="entry-header"> <h2 class="inner_text_heading"><a href="https://www.cumber.com/cumberland-advisors-market-commentary-muni-bonds-turn-toward-the-election/" rel="bookmark">Muni Bonds Turn Toward the Election</a></h2> <h6><strong>Author:</strong> John R. Mousseau, CFA, <strong>Post Date:</strong> October 6, 2020</h6> </header> <div class="entry-summary"> <p><a class="post-thumbnail" href="https://www.cumber.com/cumberland-advisors-market-commentary-muni-bonds-turn-toward-the-election/"> <img class="attachment-post-thumbnail size-post-thumbnail wp-post-image aligncenter" src="/sites/default/files/uploads/2020/10/Market-Commentary-Cumberland-Advisors-Mousseau-672x372.jpg" sizes="(max-width: 672px) 100vw, 672px" srcset="/sites/default/files/uploads/2020/10/Market-Commentary-Cumberland-Advisors-Mousseau-672x372.jpg 672w, /sites/default/files/uploads/2020/10/Market-Commentary-Cumberland-Advisors-Mousseau-1038x576.jpg 1038w" alt="Market Commentary - Cumberland Advisors - (Mousseau)" width="672" height="372" /> </a></p> <p>With the presidential election a month away, we start to mull over what the bond market might look like post-election day. While most polls have Vice-President Biden ahead by 6–7% points, we know the race has the potential to be much closer, since the 50 individual states decide the election by virtue of voting by […]</p> </div> <hr /> <header class="entry-header"> <h2 class="inner_text_heading"><a href="https://www.cumber.com/cumberland-advisors-market-commentary-international-equity-etf-q3-overview-and-outlook/" rel="bookmark">International Equity ETF Q3 Overview and Outlook</a></h2> <h6><strong>Author:</strong> William Witherell, Ph.D., <strong>Post Date:</strong> October 5, 2020</h6> </header> <div class="entry-summary"> <p><a class="post-thumbnail" href="https://www.cumber.com/cumberland-advisors-market-commentary-international-equity-etf-q3-overview-and-outlook/"> <img class="attachment-post-thumbnail size-post-thumbnail wp-post-image aligncenter" src="/sites/default/files/uploads/2020/10/Market-Commentary-Cumberland-Advisors-William-Bill-Witherell-International-Equity-ETF-Q3-Overview-and-Outlook-672x372.jpg" sizes="(max-width: 672px) 100vw, 672px" srcset="/sites/default/files/uploads/2020/10/Market-Commentary-Cumberland-Advisors-William-Bill-Witherell-International-Equity-ETF-Q3-Overview-and-Outlook-672x372.jpg 672w, /sites/default/files/uploads/2020/10/Market-Commentary-Cumberland-Advisors-William-Bill-Witherell-International-Equity-ETF-Q3-Overview-and-Outlook-1038x576.jpg 1038w" alt="Market Commentary - Cumberland Advisors - William 'Bill' Witherell - International Equity ETF Q3 Overview and Outlook" width="672" height="372" /> </a></p> <p>The global economy is expected to have registered a stronger than anticipated rebound in the third quarter with record-breaking growth rates after output collapsed in the first half of the because of the COVID-19 pandemic. The reopening of businesses and the easing of lockdowns and other restrictions in many countries allowed the rapid pickup in […]</p> </div> <hr /> <header class="entry-header"> <h2 class="inner_text_heading"><a href="https://www.cumber.com/cumberland-advisors-market-commentary-trio-to-trio-with-laura-wazen/" rel="bookmark">Trio to Trio with Laura Wazen</a></h2> <h6><strong>Author:</strong> David R. Kotok, <strong>Post Date:</strong> October 4, 2020</h6> </header> <div class="entry-summary"> <p><a class="post-thumbnail" href="https://www.cumber.com/cumberland-advisors-market-commentary-trio-to-trio-with-laura-wazen/"> <img class="attachment-post-thumbnail size-post-thumbnail wp-post-image aligncenter" src="/sites/default/files/uploads/2020/10/Market-Commentary-Cumberland-Advisors-Trio-to-Trio-with-Laura-Wazen-672x372.jpg" sizes="(max-width: 672px) 100vw, 672px" srcset="/sites/default/files/uploads/2020/10/Market-Commentary-Cumberland-Advisors-Trio-to-Trio-with-Laura-Wazen-672x372.jpg 672w, /sites/default/files/uploads/2020/10/Market-Commentary-Cumberland-Advisors-Trio-to-Trio-with-Laura-Wazen-1038x576.jpg 1038w" alt="" width="672" height="372" /> </a></p> <p>We have a medley of remarkable performances for you this Sunday – a little diversion from the daily political and pandemic fare. Let’s kick things off with a rousing flash-mob rendition of Beethoven’s Symphony No. 9, Ode to Joy, performed years before COVID-19 entered our lives. It lifts us now out of this moment and […]</p> </div> <hr /> <header class="entry-header"> <h2 class="inner_text_heading"><a href="https://www.cumber.com/cumberland-advisors-market-commentary-hope-an-update/" rel="bookmark">Hope – An Update</a></h2> <h6><strong>Author:</strong> Robert Eisenbeis, Ph.D., <strong>Post Date:</strong> October 2, 2020</h6> </header> <div class="entry-summary"> <p><a class="post-thumbnail" href="https://www.cumber.com/cumberland-advisors-market-commentary-hope-an-update/"> <img class="attachment-post-thumbnail size-post-thumbnail wp-post-image aligncenter" src="/sites/default/files/uploads/2020/10/Cumberland-Advisors-Market-Commentary-Hope-–-An-Update-Robert-Eisenbeis-Ph.D.-672x372.jpg" sizes="(max-width: 672px) 100vw, 672px" srcset="/sites/default/files/uploads/2020/10/Cumberland-Advisors-Market-Commentary-Hope-–-An-Update-Robert-Eisenbeis-Ph.D.-672x372.jpg 672w, /sites/default/files/uploads/2020/10/Cumberland-Advisors-Market-Commentary-Hope-–-An-Update-Robert-Eisenbeis-Ph.D.-1038x576.jpg 1038w" alt="Hope – An Update - Robert-Eisenbeis, Ph.D." width="672" height="372" /> </a></p> <p>Our commentary “FOMC: Hope Now Seems to Be a Strategy” (https://www.cumber.com/cumberland-advisors-market-commentary-fomc-hope-now-seems-to-be-a-strategy/) focused on the FOMC’s latest decision to keep its target for the federal funds rate between 0–.25%, to change its strategy for policy going forward to focus on shortfalls in labor markets from what the Committee perceives to be full employment, and to shift [Continued…]</p> </div> <header class="entry-header"></header> <div class="entry-summary"> <hr /> </div> <header class="entry-header"></header> <h2 class="inner_text_heading" style="text-align: center;">Zika Pamphlet by David R. Kotok</h2> <p style="text-align: center;"><a href="https://www.cumber.com/zika/" target="_blank" rel="noopener noreferrer"><img class="aligncenter wp-image-51193 size-full" src="/sites/default/files/uploads/2020/02/Zika-Download-Kotok-600x232-1.jpg" alt="Zika Download - Kotok" width="600" height="232" /></a></p> <p style="text-align: center;">The Zika virus is mosquito-borne. The virus mutates frequently, just as all viruses do. And it can do serious damage to people. It is especially threatening to the fetus of a pregnant mother. It causes conditions, including microcephaly, which spell tragedy for the infant and the family. When it deals such damage to children, Zika imposes huge societal costs measured in the many millions of dollars. All this is documented in the writings that now constitute the chapters of this pamphlet.</p> <h3 style="text-align: center;"><a href="https://www.cumber.com/zika/" target="_blank" rel="noopener noreferrer">https://www.cumber.com/zika/</a></h3> <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 (Oct 19, 2020 - Oct 23, 2020)

CUMBERLAND ADVISORS' WEEKLY RECAP

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