Cumberland Advisors

Headlines have been swirling around the recent sell-off in Puerto Rico uninsured bonds after comments made last Sunday by Puerto Rico Governor Alejandro Garcia Padilla about the serviceability of the...

The Tactical Trend Allocation strategy seeks to identify favorable investment opportunities among six primary asset classes. Capital is rotated to the specific markets that our portfolio managers...

In the second quarter of 2015 the outperformance of the broad international markets versus US markets has continued. As of this writing, the MSCI All Country World ex-US Index (non-US international)...

Gad Levanon, Ph.D., Managing Director for Economic Outlook & Labor Markets at The Conference Board, was a guest of our June 2015 assemblage at Leen’s Lodge in Maine. Gad subsequently posted...

Having lived in France (where I was OECD’s Director for Financial and Enterprise Affairs in Paris) for some 28 years, I try to touch base there once a year. I have recently returned from three...

The muni bond market was buffeted by a number of headwinds in the first half of the year.Extremely Heavy Supply Through May 2015 total supply in the muni market was approximately $179 billion. The...

A sharp note this morning by Barry Bannister (STIFEL) is worth sharing. We thank Barry for giving us permission.Despite all this posturing over Greece and “Grexit” risk, I doubt Greece...

Federal Reserve Governor Jerome Powell is widely quoted in the press. He spoke this past week about the timing of the Fed’s intended increases in interest rates: “My own forecast calls for...

Uncertainty is the watchword for 2Q2015 performance in stock markets worldwide. One driver of uncertainty is the revelation of dispersion among various global central banks. There is also uncertainty...

Greece has set the new high price of “moral hazard.” Emergency liquidity assistance (ELA) from the European Central Bank now is estimated to exceed €100 billion. It continues to...

Greece gets money from the IMF and uses it to pay the IMF. Result: a circle. Another option: Greece is refused money by the IMF and therefore fails to repay the IMF. Result: a circle. The only...

On June 9 MSCI announced that it is on course to include China A-Shares in its global benchmark equity market indices as soon as remaining issues relating to market accessibility are resolved. MSCI...

The Fed continued its zero interest rate policy and provided few, if any, other than vague clues in either Chair Yellen’s press conference or in the statement itself about the exact timing for...

As for the gravest sin of the QE era, in the fiscal year 2015, the U.S. government paid 1.8 percent on public debt. One would be hard pressed to identify any other debtor whose borrowing costs...

Immediately following its interest rate cut, New Zealand’s central bank provided guidance suggesting that there may be more cuts in the future. The New Zealand dollar, nicknamed the Kiwi, is now...

Cumberland Advisors has received a growing number of inquiries about managing charitable trust and foundation funds. We will introduce some history and use a FAQ (frequently asked questions) format to...