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.
Author(s): Robert Eisenbeis, Ph.D. | Tue June 20, 2017
At its June meeting, the FOMC again raised the target range for the federal funds rate by 25 basis points, to 1–1¼ percent. They did so despite evidence that inflation had moderated and that the second estimate of first quarter GDP growth was clearly subpar at 1.2%.
Author(s): David R. Kotok | Sat June 17, 2017
The Q2 stock market continued a concentration we saw in Q1. The stock components of the acronym known as FANG is the dominant reason for the strong market performance. FANG stands for Facebook, Apple, Netflix, Google. Some add Microsoft and Amazon; thus the acronym changes to FAANG or FAAMG.…
Author(s): Bill Witherell, Ph.D. | Thu June 15, 2017
Anxiety about the future course of the United Kingdom’s negotiations with the European Union (EU) has surged following the surprising outcome of the parliamentary elections last Thursday, in which Prime Minister Theresa May’s Conservative Party lost its majority, resulting in a “hung Parliament…
Author(s): David R. Kotok | Wed June 14, 2017
Joseph (as in Abraham, Isaac, and Jacob) was the first (maybe) successful economist mentioned in the Bible. Why do we say that? Answer: he was data driven.
Author(s): David R. Kotok | Thu June 8, 2017
“… It was difficult getting him in, but once in he lay back in the leather seat, and the leg was stuck straight out to the one side of the seat where Compton sat. Compton started the motor and got in.
Author(s): Michael McNiven, Ph.D. | Tue June 6, 2017
I hear the train a comin'; it's rollin' 'round the bend And I ain't seen the sunshine since I don't know when I'm stuck at Folsom Prison and time keeps draggin' on But that train keeps rollin' on down to San Antone
(“Folsom Prison Blues” by Johnny Cash)
Author(s): David R. Kotok | Mon June 5, 2017
On the Serengeti, some two million wildebeests are moving in their annual ritual of migration. It is a remarkable sight to behold.
From the tent at the Sabora Grumeti camp, a look out among the Acacia trees reveals hundreds. They include the single bachelors, circling, grunting and…
Author(s): Bill Witherell, Ph.D. | Fri June 2, 2017
The election in the UK is now less than two weeks ahead, on June 8th, followed three days later by the first round of the French parliamentary election on June 11th, with the second and final round on June 18th. An election in Italy, which many did not expect to occur until early 2018, now may…
Author(s): Robert Eisenbeis, Ph.D. | Wed May 31, 2017
The main surprise in the minutes of the FOMC’s May meeting, released last week, was the brief discussion of a staff presentation outlining a proposed approach to normalizing the Fed’s balance sheet when the Fed stops reinvesting maturing securities. Briefly, the proposal is to establish an…
Author(s): David R. Kotok | Thu May 25, 2017
Garrett Graff’s recent article in Politico magazine offers a telling glimpse into the character and ethics of two key players in the investigation of President Trump’s connections to Russia. Flashback to March 2004: