Cumberland Advisors

Friday’s dismal jobs report, showing only 38K new jobs created in May, will now make it difficult for the FOMC to sell a rate increase at its June meeting.While there is a tendency to focus on...

The last 12 months have been difficult for the international equity markets, with the benchmark, iShares MSCI ACWI ex US (NASDAQ:ACWX), down 10.15% as of June 2st. Japan’s equity market has also...

As we search for national equity markets that look attractive despite the sluggish tenor of global markets, we are considering the potential now offered by Canada. Recovering from the downdraft from...

We did some realignment of our tech-sector holdings, as our clients know from their portfolio reviews. The changes are nuances within the ETF strategy.We sold Technology Select Sector SPDR (NYSE:XLK)....

In finance, we call those abnormal returns that can’t be explained by known factors anomalies – they include things like the January effect, Days of the week effect (e.g. better returns on...

Much was made of last Thursday’s release of new claims for unemployment insurance. The weekly total of 247,000 was reported to be the lowest since the fall of 1973. Clearly, this must be...

Headlines announced on March 16 that Japan had held its negative interest rate steady at negative 0.1 percent. But markets have missed the nuanced changes made by the Bank of Japan’s governor...

We have written on NIRP and continue to evolve analysis and forecasts based on its expanded and deepening usage. Here are two of our recently published commentaries: “Tug of War,”...

In the wake of Chair Yellen’s speech in New York on Tuesday, economic commentators and pundits have already begun speculating on the prospects for a second rate hike at the FOMC’s April...

In the wake of attacks in Brussels, TV images from Europe once again relay tragedy and horror. We are less easily shocked by such terrorist assaults than we once were, given their periodic occurrence,...

The municipal bond market had a good first quarter in 2016. Overall yields have declined, with the AAA scale declining across the yield spectrum. Muni yields, however, did not drop as much as Treasury...

MLPs staged a substantial recovery from lows reached on February 11, 2016. The recovery in MLPs coincided with the bounce in the broader equity market and the price of crude oil. Nevertheless, MLPs...

Economic commentators and pundits are now hyping what they are calling a significant pullback from the four rate hikes they maintained the FOMC had penciled in for 2016. As we argued in an earlier...

A remarkable downdraft in stock prices marked the first quarter of 2016 and was followed by a robust recovery. This V-shaped movement is not unusual in presidential election years. There is great...

It looks as if the European Central Bank (ECB) has learned something from their progressive venture into negative interest rate policy (NIRP). All the ECB’s detractors notwithstanding, it is...

Diverse forces coalesce each minute to form the market pricing of a sovereign bond. American Treasury 10-year notes function as the world’s US dollar sovereign benchmark. The German 10-year...