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.

 

Market Commentary

Insights

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.

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  • Taxable Total Return First-Quarter Review
     Author(s): | Sat March 24, 2018



    The first quarter of 2018 provided some long overdue volatility to equity markets while Treasury yields rose across the board. The long end of the yield curve underperformed during the month of January. Roughly 75% of the 35-basis-point move upward in the 30yr Treasury yield took place in the…


  • Banks and April 5
     Author(s): | Wed March 21, 2018



    Banks and the banking system are a big part of the April 5 Financial Literacy Day to be held in Sarasota at the Selby Auditorium on the University of South Florida Sarasota-Manatee (USFSM) campus.


  • Market Volatility ETF Portfolios 1Q 2018 Review: Equity Premium
     Author(s): Leo Chen, Ph.D. | Tue March 20, 2018



    The US stock market had a long overdue correction in the first quarter, a response to the concern that the market had become overvalued in the raging post-election bull market. Many sophisticated investors would probably agree that a healthy pullback can propel the market forward in the long run…


  • Winners and Losers from Global Trade
     Author(s): David L. Blond, Ph.D | Sun March 18, 2018



    David L. Blond, Ph.D, has a distinguished career in international economics and particularly on the issues of trade. He is the president of QuERI-International, Washington, D.C.

    He has assessed President Trump’s Tariff and Trade barrier initiative and has articulated some strong opinions…


  • First-Quarter 2018 Munis: Challenging
     Author(s): John R. Mousseau, CFA | Sat March 17, 2018



    The first quarter of 2018 was a wobbly one for municipal bonds. Supply, as we know, was taken from this quarter and moved up to December of 2017 in order to beat the tax bill. Most of this “moved up” issuance was in the form of advance refunding issues (which were not allowed under the new tax…


  • US Stock Market in First Quarter, 2018
     Author(s): David R. Kotok | Thu March 15, 2018



    US Stock market volatility returned in the 1st quarter of 2018 with a vengeance. The January to February low selloff took most major averages down in the double digit range (over 10% drop). The stock market peaked within days of President Trump’s State of the Union Message in which he claimed…


  • Stock Market targeted on April 5
     Author(s): David R. Kotok | Wed March 14, 2018



    The stock market will be a prominent topic at the April 5 Financial Literacy Day in Selby Auditorium on the USFSM Sarasota campus.

    In the first stock market session, nationally known technical analyst Katie Stockton will pair with Cumberland’s quantitative mathematician, Professor Leo…


  • There is an Old Saying
     Author(s): | Tue March 13, 2018



    There is an old saying: “You can lay all the economists end to end and they will still not reach a conclusion.” While there may be some truth to this, there is widespread agreement among most economists (with Peter Navarro perhaps being an exception) that unrestricted trade is beneficial and…


  • The Threat of a Damaging Trade War
     Author(s): Bill Witherell, Ph.D. | Sat March 10, 2018



    The Trump administration is raising fears of a possible trade war, a development that is unsettling markets around the globe, upsetting some of our closest allies, and causing great concern to both a wide swath of US business leaders and to leaders of the President’s own party. Following the…


  • A Short Note on Bank Muni Holdings
     Author(s): John R. Mousseau, CFA | Fri March 9, 2018



    The Wall Street Journal had a story on the front page of the “B” section Wednesday morning about banks getting some relief with regard to counting municipal bonds among their “liquid assets.” On Tuesday the Senate voted to formally debate a bill containing that provision, and it should have…


 

 

"The mind is not a vessel to be filled but a fire to be kindled."

Plutarch