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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  • The European Central Bank’s Dilemma
     Author(s): William H. Witherell, Ph.D. | Fri April 22, 2022

    European Bank Dilemma


    Last week, as both central bankers and investors seek to chart the best path ahead through uncertain and volatile waters, the European Central Bank (ECB) delivered a dovish surprise to the market. Current uncertainty about the future exceeds the usual range faced by central bankers.


  • Blanchflower Responses
     Author(s): David R. Kotok | Thu April 21, 2022

    Blanchflower Responses


    We thank readers for their notes and replies to “Blanchflower & Recession,” the commentary we offered with Danny Blanchflower about recession and with the help of Philippa Dunne on labor force data.


  • Blanchflower & Recession
     Author(s): David R. Kotok | Tue April 19, 2022

    Blanchflower


    I think of my friend Danny Blanchflower in four ways: (1) Dartmouth Professor of Economics with special focus on labor force analysis, (2) former monetary policymaker at the Bank of England, (3) Fellow in the GIC College of Central Bankers, (4) fishing enthusiast with special…


  • Plagues? 1 or 10 or Many?
     Author(s): David R. Kotok | Sun April 17, 2022

    Plagues? 1 or 10 or Many?


    When it comes to plagues, the most famous ones in the Judeo-Christian tradition are remembered in the festival of Passover.


  • Covid Update & an Invitation to Learn More About Russia/Ukraine & Impacts on Markets & More
     Author(s): David R. Kotok | Fri April 15, 2022

    Covid Ukraine


    Stats by state:  Source is Becker’s Hospital Review, April 14.


  • Fore!
     Author(s): John R. Mousseau, CFA | Thu April 14, 2022

    Fore!


    The errant financial golf ball that is the municipal bond market has now careened out of bounds and landed – for now – in a spot where we think the lie is extremely attractive: 4% on long-maturity tax-free bonds that are insured or high-grade.


  • Q1 2022 Municipal Credit Commentary – Pandemic and Now War!
     Author(s): Patricia M. Healy, CFA | Tue April 12, 2022

    ca-patricia-healy-q1-2022-municipal-credit-commentary-pandemic-and-now-war


    This quarter was overshadowed by the invasion of Ukraine by Putin.  Nonetheless, there were many developments in Muniland. Discussions on improving muni reporting of ESG risks and outcomes continued. Assured Guaranty Municipal (AGM) was upgraded by Moody’s to A1 based on substantial…


  • Responses to Holodomor
     Author(s): David R. Kotok | Sun April 10, 2022

    Holodomor



  • Covid & Long Covid Update
     Author(s): David R. Kotok | Fri April 8, 2022

    cumberland_advisors_market_commentary_-_covid_long_covid_update_by_david_r._kotok


    Dr. Greg Kelly is a practicing pediatric epidemiology expert with frontline experience. He assembled the following instructive Covid thread on Twitter and offered it publicly to the world. In it he explores six beliefs about Covid that time and the virus have proven to be wrong.


  • Understating the Quit Rate
     Author(s): David R. Kotok | Thu April 7, 2022

    cumberland_advisors_guest_commentary_-_the_quit_rate_by_tlr_wire_kotok


    Understanding the “quit rate” is key to assessing the labor force changes going on in the United States. We thank Philippa Dunne and Doug Henwood for permission to share their recent piece about it with our readers. This example of their excellent research will give you a sense of why I…


 

 

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Plutarch