Cumberland Advisors Week in Review (Sept 07, 2020 - Sept 11, 2020)

Cumberland Advisors

Sun Sep 13, 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><strong>This week:</strong></div> <div></div> <div> </p> <div><strong>Matt McAleer & Equities / ETFs</strong></div> <div></div> <div>-Somber September 11 anniversary today<br /> -S&P down 3-3.25% on the week<br /> -I previously shared a chart showing that the internals of the market were starting to roll over a little bit<br /> -Advanced declines were getting soft even though indexes in the third week of August were hitting year to date highs<br /> -It told us to be a little cautious - Matt explains<br /> -Basic Materials and Transports have something to tell us<br /> -Matt talks about some pullbacks and Cumberland strategies that raised cash<br /> -What about International and relative strength?<br /> -Europe? Asia? Drilling down to China & Japan.<br /> -Charts below referenced in the video.</div> <div></div> <p> <strong><center>ONE MONTH CHART</center></strong><br /> <a href="/sites/default/files/uploads/2020/09/Cumberland-Advisors-Market-Update-One-Month-20200911.png" target="_blank" rel="noopener noreferrer"><img class="aligncenter" src="https://mcusercontent.com/d6f020f3bd6a1e2c4eb254e6c/images/4492c7f2-b33d-43de-ab22-4afa80e77d34.png" alt="One Month Chart" width="600" height="478" align="middle" data-file-id="2709026" /></a><br />   </p> <p><strong><center>THREE MONTH CHART</center></strong><br /> <a href="/sites/default/files/uploads/2020/09/Cumberland-Advisors-Market-Update-Three-Month-20200911.png" target="_blank" rel="noopener noreferrer"><img class="aligncenter" src="https://mcusercontent.com/d6f020f3bd6a1e2c4eb254e6c/images/36816f9c-422f-4b05-b0e7-55f1b170d755.png" alt="Three Month Performance" width="600" height="478" data-file-id="2709030" /></a></p> <div> <div> <div><strong>John Mousseau & Fixed Income / Munis</strong></div> <div></div> <div>-I encourage you to read David Kotok's commentary today on his experience at the World Trade Center on 9/11<br /> -I was at the firm that day and recall what David describes vividly<br /> -9/11 commentary link: <a href="https://www.cumber.com/cumberland-advisors-market-commentary-9-11-covid-19/" target="_blank" rel="noopener noreferrer">https://www.cumber.com/cumberland-advisors-market-commentary-9-11-covid-19/</a><br /> -Treasury Yield declined small amount<br /> -Jobless claims were a little disappointing<br /> -Good news? New claims were under a million.<br /> -CPI creeped up from 1.6 to 1.7, we expect eventually 2-2.4 which it had been for a number of years<br /> -Quiet week for Munis for this holiday week<br /> -We see visible supply moving from 12 to 15 billion next week<br /> -Traditionally, this time of year is when supply starts to build<br /> -We expect some decent buying opportunities going into fall<br /> -John shares some observations about travel in the Midwest and attitudes about the economy<br /> -We wish everyone a good weekend and a somber remembrance this September 11th</div> <p> </p> <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/-LLhhzmrPuE" target="_blank" rel="noopener noreferrer">https://youtu.be/-LLhhzmrPuE</a></p> </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> <hr /> <h1 class="inner_text_heading">IN THE NEWS</h1> <p><a href="/sites/default/files/uploads/2014/12/InTheNewsLarge.jpg"><img class="aligncenter size-medium wp-image-39870" src="/sites/default/files/uploads/2014/12/InTheNewsLarge-300x165.jpg" alt="Cumberland Advisors In The News" width="300" height="165" /></a></p> <div class="news_row_main clearfix"> <div class="news_right"> <div class="news_row_main clearfix"> <div class="news_right"> <div class="news_row_main clearfix"> <div class="news_right"> <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/bondbuyer-puerto-rico-debt-deal-reaches-a-turning-point/" target="_blank" rel="noopener noreferrer">BondBuyer – Puerto Rico debt deal reaches a turning point</a></h2> <p>Quoted: Shaun Burgess | Posted on: 09/11/2020 <a class="read" href="https://www.cumber.com/bondbuyer-puerto-rico-debt-deal-reaches-a-turning-point/" 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/july-labor-turnover-survey-jolts/" target="_blank" rel="noopener noreferrer">July Labor Turnover Survey (JOLTS)</a></h2> <p>Quoted: David R. Kotok | Posted on: 09/09/2020 <a class="read" href="https://www.cumber.com/july-labor-turnover-survey-jolts/" 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/politico-economy-to-dominate-the-stretch-run/" target="_blank" rel="noopener noreferrer">Politico – Economy to dominate the stretch run</a></h2> <p>Quoted: David R. Kotok | Posted on: 09/08/2020 <a class="read" href="https://www.cumber.com/politico-economy-to-dominate-the-stretch-run/" 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/feds-jay-powell-creating-zombie-firms-says-noted-fed-watcher/" target="_blank" rel="noopener noreferrer">Fed’s Jay Powell creating ’zombie’ firms, says noted Fed watcher</a></h2> <p>Quoted: David R. Kotok | Posted on: 09/07/2020 <a class="read" href="https://www.cumber.com/feds-jay-powell-creating-zombie-firms-says-noted-fed-watcher/" 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> <h2 class="inner_text_heading"><a href="https://www.cumber.com/david-kotok-on-the-markets-radio/" target="_blank" rel="noopener noreferrer">David Kotok on the Markets (Radio)</a></h2> <p>Quoted: David R. Kotok | Posted on: 09/02/2020 <a class="read" href="https://www.cumber.com/david-kotok-on-the-markets-radio/" 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/bond-buyer-florida-preps-2-25-billion-deal-to-pay-hurricane-claims/" target="_blank" rel="noopener noreferrer">BondBuyer – Florida preps $2.25 billion deal to pay hurricane insurance claims</a></h2> <p>Quoted: Patricia Healy, CFA | Posted on: 08/31/2020 <a class="read" href="https://www.cumber.com/bond-buyer-florida-preps-2-25-billion-deal-to-pay-hurricane-claims/" 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/marketwatch-the-feds-new-policy-may-have-just-ushered-in-a-new-era-of-uncertainty-on-wall-street/" target="_blank" rel="noopener noreferrer">MarketWatch: The Fed’s new policy may have just ushered in a new era of uncertainty on Wall Street</a></h2> <p>Quoted: Robert Eisenbeis, Ph.D. | Posted on: 08/29/2020 <a class="read" href="https://www.cumber.com/marketwatch-the-feds-new-policy-may-have-just-ushered-in-a-new-era-of-uncertainty-on-wall-street/" 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> <h2 class="inner_text_heading"><a href="https://www.cumber.com/barrons-shinzo-abes-resignation-could-be-an-entry-point-for-japanese-stocks-analysts-say/" target="_blank" rel="noopener noreferrer">Barron’s – Shinzo Abe’s Resignation Could Be an Entry Point for Japanese Stocks, Analysts Say</a></h2> <p>Quoted: William Witherell, Ph.D. | Posted on: 08/28/2020 <a class="read" href="https://www.cumber.com/barrons-shinzo-abes-resignation-could-be-an-entry-point-for-japanese-stocks-analysts-say/" 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/barrons-insider-buyings-positive-message/" target="_blank" rel="noopener noreferrer">Barron’s – Insider Buying’s Positive Message</a></h2> <p>Quoted: Leo Chen, Ph.D. | Posted on: 08/27/2020 <a class="read" href="https://www.cumber.com/barrons-insider-buyings-positive-message/" 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> </div> </div> </div> <hr /> <h1 style="text-align: center;"><strong>Upcoming Event</strong></h1> <h3 style="text-align: center;"><strong>Cumberland Advisors is an Annual Sponsor of</strong></h3> <h3 style="text-align: center;"><strong>the Global Interdependence Center</strong></h3> <p><a href="https://buff.ly/2Rk2eLF"><img class="aligncenter wp-image-53544 size-large" src="/sites/default/files/uploads/2020/09/Executive-Briefing-Webinar-COVID-19-and-Climate-Changec-Sept-15-1280w-1024x512.png" alt="Executive Briefing Webinar, COVID-19 and Climate Change - Sept 15 1280w" width="600" height="352" /></a></p> <p>GIC's next Executive Briefing will explore COVID-19 and Climate Change with <strong>Bob Bunting</strong>, the CEO of the Climate Adaptation and Mitigation Center. Learn how hurricanes, heat waves, and forest fires have continued their worrying trends and why it’s time to move forward with adaptation and mitigation until global solutions emerge in the decades ahead. Moderated by GIC Chair,<strong> Kathleen Stephansen</strong>, Senior Economist for Haver Analytics and Trustee of EQAT Trust Funds.</p> <p>Tuesday, September 15, 2020 | 4:00 - 5:00 p.m. ET, via Zoom.</p> <p>No-cost registration here: <a href="https://buff.ly/2Rk2eLF" target="_blank" rel="nofollow noopener noreferrer">https://buff.ly/2Rk2eLF</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"> <header class="entry-header"> <header class="entry-header"> <header class="entry-header"> <header class="entry-header"> <header class="entry-header"> <header class="entry-header"> <header class="entry-header"> <header class="entry-header"> <header class="entry-header"> <header class="entry-header"> <header class="entry-header"> <header class="entry-header"> <header class="entry-header"> <header class="entry-header"> <header class="entry-header"> <header class="entry-header"> <header class="entry-header"> <header class="entry-header"> <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-9-11-covid-19/" rel="bookmark">9/11 & COVID-19</a></h2> <h6><strong>Author:</strong> David R. Kotok, <strong>Post Date:</strong> September 11, 2020</h6> </header> <div class="entry-summary"> <p><a class="post-thumbnail" href="https://www.cumber.com/cumberland-advisors-market-commentary-9-11-covid-19/"><img class="attachment-post-thumbnail size-post-thumbnail wp-post-image aligncenter" src="/sites/default/files/uploads/2020/09/Cumberland-Advisors-Market-Commentary-911-COVID-19-672x372.jpg" sizes="(max-width: 672px) 100vw, 672px" srcset="/sites/default/files/uploads/2020/09/Cumberland-Advisors-Market-Commentary-911-COVID-19-672x372.jpg 672w, /sites/default/files/uploads/2020/09/Cumberland-Advisors-Market-Commentary-911-COVID-19-1038x576.jpg 1038w" alt="911 & COVID-19" width="672" height="372" /></a></p> <p>Nineteen years ago, September 11, 2001: 7:59 am: American Airlines Flight 11 departed Boston for Los Angeles. 8:14 am: United Airlines Flight 175 departed Boston for Los Angeles. 8:20 am: American Airlines Flight 77 departed Washington DC for Los Angeles. 8:42 am: United Airlines Flight 93 departed Newark for San Francisco. 8:46 am: American Airlines […]</p> <hr /> </div> <header class="entry-header"> <h2 class="inner_text_heading"><a href="https://www.cumber.com/cumberland-advisors-market-commentary-art-cashins-wisdom/" rel="bookmark">Art Cashin’s Wisdom</a></h2> <h6><strong>Author:</strong> David R. Kotok, <strong>Post Date:</strong> September 10, 2020</h6> </header> <div class="entry-summary"> <p><a class="post-thumbnail" href="https://www.cumber.com/cumberland-advisors-market-commentary-art-cashins-wisdom/"><img class="attachment-post-thumbnail size-post-thumbnail wp-post-image aligncenter" src="/sites/default/files/uploads/2020/09/Cumberland-Advisors-Market-Commentary-Art-Cashins-Wisdom-672x372.jpg" sizes="(max-width: 672px) 100vw, 672px" srcset="/sites/default/files/uploads/2020/09/Cumberland-Advisors-Market-Commentary-Art-Cashins-Wisdom-672x372.jpg 672w, /sites/default/files/uploads/2020/09/Cumberland-Advisors-Market-Commentary-Art-Cashins-Wisdom-1038x576.jpg 1038w" alt="Art Cashin’s Wisdom" width="672" height="372" /></a></p> <p>Art Cashin, a UBS stalwart and CNBC commentator from the NYSE floor, is a dear friend and marvelous and sensitive gentleman. He is revered by those who know him as the dean of the investment university called the American stock market. Art was kind enough to give us permission to share his morning missive (September […]</p> </div> <hr /> <header class="entry-header"> <h2 class="inner_text_heading"><a href="https://www.cumber.com/cumberland-advisors-market-commentary-the-second-wave-of-covid-19-confronts-western-europe/" rel="bookmark">The Second Wave of COVID-19 Confronts Western Europe</a></h2> <h6><strong>Author:</strong> William Witherell, Ph.D., <strong>Post Date:</strong> September 9, 2020</h6> </header> <div class="entry-summary"> <p><a class="post-thumbnail" href="https://www.cumber.com/cumberland-advisors-market-commentary-the-second-wave-of-covid-19-confronts-western-europe/"><img class="attachment-post-thumbnail size-post-thumbnail wp-post-image aligncenter" src="/sites/default/files/uploads/2020/09/CA-Market-Commentary-The-Second-Wave-of-COVID-19-Confronts-Western-Europe-672x372.jpg" sizes="(max-width: 672px) 100vw, 672px" srcset="/sites/default/files/uploads/2020/09/CA-Market-Commentary-The-Second-Wave-of-COVID-19-Confronts-Western-Europe-672x372.jpg 672w, /sites/default/files/uploads/2020/09/CA-Market-Commentary-The-Second-Wave-of-COVID-19-Confronts-Western-Europe-1038x576.jpg 1038w" alt="CA-Market-Commentary-The Second Wave of COVID-19 Confronts Western Europe" width="672" height="372" /></a></p> <p>The rebound in the European economies following the sharp fall in March and April is threatened by a second wave of COVID-19 cases. As a result of vacation travel and an easing of restrictions, case growth in Western Europe has returned to levels last seen in May, with 1,094,194 confirmed cases as of the end […]</p> <hr /> </div> <header class="entry-header"> <h2 class="inner_text_heading"><a href="https://www.cumber.com/cumberland-advisors-market-commentary-labor-markets/" rel="bookmark">Labor Markets</a></h2> <h6><strong>Author:</strong> Robert Eisenbeis, Ph.D., <strong>Post Date:</strong> September 8, 2020</h6> </header> <div class="entry-summary"> <p><a class="post-thumbnail" href="https://www.cumber.com/cumberland-advisors-market-commentary-labor-markets/"><img class="attachment-post-thumbnail size-post-thumbnail wp-post-image aligncenter" src="/sites/default/files/uploads/2017/12/Cumberland-White-Logo-Blue-BG-672x372.jpg" sizes="(max-width: 672px) 100vw, 672px" srcset="/sites/default/files/uploads/2017/12/Cumberland-White-Logo-Blue-BG-672x372.jpg 672w, /sites/default/files/uploads/2017/12/Cumberland-White-Logo-Blue-BG-1038x576.jpg 1038w" alt="Cumberland Advisors' Robert "Bob" Eisenbeis, Ph.D." width="672" height="372" /></a></p> <p>In most data releases during the pandemic, it is possible to find some things that are positive and some that are negative, and the extent to which one thing is emphasized over another tends to be influenced in today’s world by politics. The new CES jobs report released by BLS is no exception. There is […]</p> </div> </header> <hr /> <header class="entry-header"> <header class="entry-header"> <h2 class="inner_text_heading"><a href="https://www.cumber.com/cumberland-advisors-market-commentary-echoes-of-1968/" rel="bookmark">Echoes of 1968</a></h2> <h6><strong>Author:</strong> David R. Kotok, <strong>Post Date:</strong> September 6, 2020</h6> </header> <div class="entry-summary"> <p><a class="post-thumbnail" href="https://www.cumber.com/cumberland-advisors-market-commentary-echoes-of-1968/"> <img class="attachment-post-thumbnail size-post-thumbnail wp-post-image aligncenter" src="/sites/default/files/uploads/2020/09/Market-Commentary-Cumberland-Advisors-Echoes-of-1968-672x372.jpg" sizes="(max-width: 672px) 100vw, 672px" srcset="/sites/default/files/uploads/2020/09/Market-Commentary-Cumberland-Advisors-Echoes-of-1968-672x372.jpg 672w, /sites/default/files/uploads/2020/09/Market-Commentary-Cumberland-Advisors-Echoes-of-1968-1038x576.jpg 1038w" alt="Market Commentary - Cumberland Advisors - Echoes of 1968" width="672" height="372" /> </a></p> <p>Brent Donnelly is a good friend and fellow camper at Leen’s Lodge. He is also a highly respected senior FX dealer at HSBC New York and the author of The Art of Currency Trading and the daily FX commentary AM/FX. On September 3, Brent penned “Echoes of ’68,” a thought-provoking comparison of the years 1968 […]</p> <hr /> </div> <h2 class="inner_text_heading"><a href="https://www.cumber.com/cumberland-advisors-market-commentary-crown-fires/" rel="bookmark">Crown Fires</a></h2> <h6><strong>Author:</strong> David R. Kotok, <strong>Post Date:</strong> September 3, 2020</h6> </header> <div class="entry-summary"> <p><a class="post-thumbnail" href="https://www.cumber.com/cumberland-advisors-market-commentary-crown-fires/"><img class="attachment-post-thumbnail size-post-thumbnail wp-post-image aligncenter" src="/sites/default/files/uploads/2020/09/Cumberland-Advisors-Market-Commentary-Crown-Fires-672x372.jpg" sizes="(max-width: 672px) 100vw, 672px" srcset="/sites/default/files/uploads/2020/09/Cumberland-Advisors-Market-Commentary-Crown-Fires-672x372.jpg 672w, /sites/default/files/uploads/2020/09/Cumberland-Advisors-Market-Commentary-Crown-Fires-1038x576.jpg 1038w" alt="Crown Fires" width="672" height="372" /></a></p> <p>A COVID-19 resurgence seems about to begin. Schools reopening will be one of the vectors. Please take time to listen to this August 27 podcast by Dr. Michael Osterholm, director of CIDRAP, the University of Minnesota’s Center for Infectious Disease Research and Policy. He entitles this episode “Crazy Days,” after the title of a song, […]</p> <hr /> </div> <h2 class="inner_text_heading"><a href="https://www.cumber.com/cumberland-advisors-market-commentary-living-with-risk-the-covid-19-iceberg/" rel="bookmark">Living with Risk: The COVID-19 Iceberg</a></h2> <h6><strong>Author:</strong> , <strong>Post Date:</strong> August 31, 2020</h6> </header> <div class="entry-summary"> <p><a class="post-thumbnail" href="https://www.cumber.com/cumberland-advisors-market-commentary-living-with-risk-the-covid-19-iceberg/"><img class="attachment-post-thumbnail size-post-thumbnail wp-post-image aligncenter" src="/sites/default/files/uploads/2020/08/Market-Commentary-Cumberland-Advisors-Living-with-Risk-The-COVID-19-Iceberg-672x372.jpg" sizes="(max-width: 672px) 100vw, 672px" srcset="/sites/default/files/uploads/2020/08/Market-Commentary-Cumberland-Advisors-Living-with-Risk-The-COVID-19-Iceberg-672x372.jpg 672w, /sites/default/files/uploads/2020/08/Market-Commentary-Cumberland-Advisors-Living-with-Risk-The-COVID-19-Iceberg-1038x576.jpg 1038w" alt="Market Commentary - Cumberland Advisors - Living with Risk The COVID-19 Iceberg" width="672" height="372" /></a></p> <p>Steve Sexauer and I spent about an hour discussing a superb paper he coauthored with Laurence Siegel. I recommend it to readers. It will give investors and decision makers some perspective on how to navigate through the COVID-19 shock and out the other side. Here’s the link. https://blogs.cfainstitute.org/investor/2020/08/20/living-with-risk-the-covid-19-iceberg/ Below is an excerpt that the authors […]</p> <hr /> </div> <h2 class="inner_text_heading"><a href="https://www.cumber.com/cumberland-advisors-market-commentary-why-the-us-has-a-covid-data-crisis/" rel="bookmark">Why the US has a COVID Data Crisis</a></h2> <h6><strong>Author:</strong> David R. Kotok, <strong>Post Date:</strong> August 30, 2020</h6> </header> <div class="entry-summary"> <p><a class="post-thumbnail" href="https://www.cumber.com/cumberland-advisors-market-commentary-why-the-us-has-a-covid-data-crisis/"><img class="attachment-post-thumbnail size-post-thumbnail wp-post-image aligncenter" src="/sites/default/files/uploads/2020/08/Cumberland-Advisors-Market-Commentary-Why-the-US-has-a-COVID-Data-Crisis-672x372.jpg" sizes="(max-width: 672px) 100vw, 672px" srcset="/sites/default/files/uploads/2020/08/Cumberland-Advisors-Market-Commentary-Why-the-US-has-a-COVID-Data-Crisis-672x372.jpg 672w, /sites/default/files/uploads/2020/08/Cumberland-Advisors-Market-Commentary-Why-the-US-has-a-COVID-Data-Crisis-1038x576.jpg 1038w" alt="Why the US has a COVID Data Crisis" width="672" height="372" /></a></p> <p>Congratulations to all. We’ve now endured and survived two political conventions. According to various pollsters, we’re mostly unchanged in our political views. We have witnessed two starkly contrasting and totally scripted messages. And we’ve had two hurricanes and massive wildfires, on top of COVID-19, to remind us that Mother Nature ignores politicians. We humans are […]</p> <hr /> </div> <h2 class="inner_text_heading"><a href="https://www.cumber.com/cumberland-advisors-market-commentary-fomc-and-revisions-to-its-longer-run-policy-strategy/" rel="bookmark">FOMC and Revisions to Its Longer-Run Policy Strategy</a></h2> <h6><strong>Author:</strong> Robert Eisenbeis, Ph.D., <strong>Post Date:</strong> August 28, 2020</h6> </header> <div class="entry-summary"> <p><a class="post-thumbnail" href="https://www.cumber.com/cumberland-advisors-market-commentary-fomc-and-revisions-to-its-longer-run-policy-strategy/"><img class="attachment-post-thumbnail size-post-thumbnail wp-post-image aligncenter" src="/sites/default/files/uploads/2020/08/Market-Commentary-Cumberland-Advisors-FOMC-and-Revisions-to-Its-Longer-Run-Policy-Strategy-672x372.jpg" sizes="(max-width: 672px) 100vw, 672px" srcset="/sites/default/files/uploads/2020/08/Market-Commentary-Cumberland-Advisors-FOMC-and-Revisions-to-Its-Longer-Run-Policy-Strategy-672x372.jpg 672w, /sites/default/files/uploads/2020/08/Market-Commentary-Cumberland-Advisors-FOMC-and-Revisions-to-Its-Longer-Run-Policy-Strategy-1038x576.jpg 1038w" alt="Market Commentary - Cumberland Advisors - FOMC and Revisions to Its Longer-Run Policy Strategy" width="672" height="372" /></a></p> <p>On the day of Chairman Powell’s opening speech for this year’s virtual annual Jackson Hole Economic Policy Symposium, hosted by the Kansas City Fed, the Federal Reserve released an update to its January 2012 “Statement on Longer-Run Goals and Monetary Policy Strategy.” This commentary describes the changes in the strategy and discusses what may be […]</p> <hr /> </div> <header class="entry-header"> <h2 class="inner_text_heading"><a href="https://www.cumber.com/cumberland-advisors-market-commentary-hurricanes/" rel="bookmark">Hurricanes</a></h2> <h6><strong>Author:</strong> David R. Kotok, <strong>Post Date:</strong> August 27, 2020</h6> </header> <div class="entry-summary"> <p><a class="post-thumbnail" href="https://www.cumber.com/cumberland-advisors-market-commentary-hurricanes/"><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>In the Indian Ocean they are called cyclones, in the Pacific Ocean, typhoons. The latter term comes from the Chinese tai fung, which translates as “great wind.” The Kʼicheʼ Mayans called their god of wind, storm, and fire Hurakan. European colonists adopted the word, and it became hurricane. (Source: A Furious Sky: The Five-Hundred-Year History of America’s […]</p> <hr /> </div> <header class="entry-header"> <h2 class="inner_text_heading"><a href="https://www.cumber.com/cumberland-advisors-market-commentary-insider-trading-what-does-it-tell-us/" rel="bookmark">Insider Trading—What Does It Tell Us?*</a></h2> <h6><strong>Author:</strong> Leo Chen, Ph.D., <strong>Post Date:</strong> August 26, 2020</h6> </header> <div class="entry-summary"> <p><a class="post-thumbnail" href="https://www.cumber.com/cumberland-advisors-market-commentary-insider-trading-what-does-it-tell-us/"><img class="attachment-post-thumbnail size-post-thumbnail wp-post-image aligncenter" src="/sites/default/files/uploads/2020/08/Market-Commentary-Cumberland-Advisors-Insider-Trading-Leo-Chen-672x372.jpg" sizes="(max-width: 672px) 100vw, 672px" srcset="/sites/default/files/uploads/2020/08/Market-Commentary-Cumberland-Advisors-Insider-Trading-Leo-Chen-672x372.jpg 672w, /sites/default/files/uploads/2020/08/Market-Commentary-Cumberland-Advisors-Insider-Trading-Leo-Chen-1038x576.jpg 1038w" alt="Market Commentary - Cumberland Advisors - Insider Trading (Leo Chen)" width="672" height="372" /></a></p> <p>Insider trading often refers to acting on material nonpublic information. However, when company employees buy and sell their own stocks, it is also called insider trading, which is permitted by the SEC. We will only discuss the second type of insider trading today. As many investors have wondered, is it a fair game for outsiders […]</p> </div> </header> </header> <hr /> <h3 style="text-align: center;">9/11 Tribute in Light 2020</h3> <p><center><br /> <iframe src='https://www.youtube.com/embed/RrgTe5-lrh4' allowfullscreen /></center> </p> <hr /> <p> </p> </header> </header> </header> </header> </header> </header> </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> </header> </header> </header> </header> </header> </header> </header> </header> </header> </header> </header>

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.

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