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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  • Professor Edward J. Kane, 1935–2023
     Author(s): Robert Eisenbeis, Ph.D. | Tue March 7, 2023

    Cumberland Advisors Market Commentary - Professor Edward J. Kane, 1935–2023 by Robert Eisenbeis, Ph.D.


    With the passing of Professor Edward J. Kane on March 2, 2023, the economics and finance profession lost a true giant in the field. His professional accomplishments are multidimensional. He authored over 150 published articles and seven books.


  • Munis: What and Why? A Case Study
     Author(s): David R. Kotok | Mon March 6, 2023

    Munis: What and Why? A Case Study by David R. Kotok


    We thank readers for their comments about the writings we are offering to explain the machinations of the tax-free municipal bond market. I can arrange a direct discussion with our firm for anyone interested in greater detail. Just email me.


  • Credit Ratings and Risks
     Author(s): David R. Kotok | Sun March 5, 2023

    Cumberland Advisors Market Commentary – Credit Ratings & Risks by David R. Kotok


    My colleague John Mousseau published a piece on what is happening in Florida with a political attack on municipal bond credit ratings. I fully agree with John’s analysis.    Some readers responded positively to John’s message and thanked Cumberland for publishing on this subject.…


  • Economic and Financial Markets Review: February 2023
     Author(s): David W. Berson, Ph.D. | Fri March 3, 2023

    Cumberland Advisors Market Commentary – Economic and Financial Markets Review February 2023 by David W. Berson, Ph.D.


    Economic and Financial Markets Review: February 2023

     


  • The UK Economy after the UK-EU Trade Protocol
     Author(s): William H. Witherell, Ph.D. | Thu March 2, 2023

    Cumberland Advisors Market Commentary -  The UK Economy after the UK-EU Trade Protocol by William H. Witherell, Ph.D


    After lengthy and difficult negotiations, the United Kingdom and the European Union finalized on Monday, February 27, an agreement on rules governing trade between Great Britain and Northern Ireland, the “Windsor Framework.” This agreement should effectively eliminate the tail risk for the UK…


  • Duration Mismatch & the Fed
     Author(s): David R. Kotok | Wed March 1, 2023

    Cumberland Advisors Market Commentary - Duration Mismatch & The Fed by David R. Kotok


    The excellent chart accompanying this missive was featured in a commentary written by my friend Christopher Whalen. Here’s the link to his analysis: “QT & Powell's Liquidity Trap,” https://www.theinstitutionalriskanalyst.com/post/qt-powell-s-liquidity-trap. Let’s add a couple of points to…
  • 50 Years & ERP
     Author(s): David R. Kotok | Sun February 26, 2023

    Cumberland Advisors Market Commentary – 50 Years & ERP by David R. Kotok


    My colleague Andrew Crawford raised the issue of the equity risk premium (ERP) in one of Cumberland’s morning strategy calls. Andrew’s question has prompted us to write this commentary and share it with readers. Some Cumberland Advisors clients already know some of these details, since we have…


  • Cumberland Advisors Week in Review February 21 – February 24, 2023
     Author(s): Cumberland Advisors | Sat February 25, 2023

    Cumberland Advisors Week in Review February 21 – February 24, 2023


    Cumberland Advisors’ Friday, February 24, 2023 Week in Review is now available.


  • 50 Years & Inflation: Readers' Responses
     Author(s): David R. Kotok | Sun February 19, 2023

    Cumberland Advisors Market Commentary – 50 Years & Inflation Readers Responses by David R. Kotok


    We thank readers for comments about my Sunday, January 22, discussion of dealing with inflation and the Fed over 50 years of Cumberland’s history.


  • Florida Takes Municipalities Out to the Woodshed
     Author(s): John R. Mousseau, CFA | Sat February 18, 2023

    Florida Takes Municipalities Out to the Woodshed


    According to Bloomberg News this week, the State of Florida is proposing legislation that will prohibit the use of ESG factors by state and local governments when issuing bonds, including a prohibition against relying on rating agencies when ESG factors could negatively impact an issuer’s bond…

 

 

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Plutarch