Cumberland Advisors

It’s not about when; it’s about the path to get there.Suppose the Fed lifts rates on the short end of the yield curve by a quarter point in September. Or December. Will it really make a...

We believe MLPs offer an attractive combination of tax-advantaged income and growth. Cumberland manages special MLP portfolios and has asked our subadvisor, Rick Daskin, for an overview of the current...

The Swiss National Bank (SNB) has just announced an eye-popping net loss for the first quarter of 2015: 30 billion Swiss francs, or $32 billion[1]. A participant in its recent shareholders meeting...

So here we are.The GDP of the United States is approaching $18 trillion (17.8 is the most recent estimate, and that is before many forthcoming revisions). That estimate reflects the known effects from...

Prime Minister David Cameron led the Tory Party to a UK election victory that was a surprise to pollsters and most observers, including us. The Tory victory removes the risk of a period of policy...

Richard Bove is the bank equity analyst at Rafferty Capital Markets. He is a longtime friend and is as distinguished and seasoned a bank analyst as anyone I know.This morning, he put out a research...

According to the May 4th Wall Street Journal, the International Monetary Fund (IMF) is expected to declare in a forthcoming report that China’s currency, the yuan, is “fairly...

The co-author of our new book, From Bear to Bull with ETFs, second and revised edition, is Talley Léger. In his most recent MVR Portfolio Strategy missive, Talley asked a critical question:Why...

The way we see it, history is needed to guide us. Greece cannot continue indefinitely in depression, and it cannot pay. There is no good outcome. The people of Greece need a political outcome to give...

Most readers, but not all, agreed with our view. There were three detractors and over a hundred supporters. “I would hope that your market analysis is more accurately researched than your...

I stopped at a local Sarasota Sunoco gas station yesterday to fill up my car. A sign read “Non-ethanol fuel for sale here.” The pump was off to one side and did not have an automated...

Pundits and journalists keep referencing the supposed negative effects that the recent surge in the dollar may be having on the US real economy and economic growth. The concentration is on the Energy...

Australia is another country that has experienced a substantial depreciation of its currency in recent months. The Australian dollar (AUD) has declined more than 22% versus the US dollar over the past...

Cumberland Advisors remains at maximum underweight in the Energy sector in its US exchange-traded fund (ETF) strategy. We believe the risk of oil pricing is to the downside. We believe the risk to the...

The first quarter of 2015 was a turning point for international markets versus the US market. Investors not inclined to look internationally missed out on an impressive opportunity. The main story is...

In previous commentaries I argued that when the FOMC morphed the time reference “considerable time” in its policy statement to the word “patient” and subsequently to words that...