Cumberland Advisors

The winner of today’s election is volatility. In fact, “Senator Vol” had already won four months ago.Some quick bullets to consider: • US stock markets tend to rise after...

The BasicsThe Bank of Japan (BOJ) announced that it will be increasing its government bond holdings at a rate of ¥80 trillion per year ($726 billion, up from ¥60-70 trillion). It is also...

The cover of the October 25 edition of The Economist depicts the Eurozone economy in the form of a parrot, lying on its back receiving fluid from an intravenous bottle with a euro insignia, and to the...

As expected, the FOMC ended its purchases of additional securities at the end of October. There are five noteworthy points in the statement this time. First, the FOMC painted the picture of a...

It’s Fed Day.  We will be focusing on the FOMC’s words at 2:15 this afternoon.Let’s flash back to last Fed day. When we write, we know what we mean to say. And when we read what...

Labor income and labor force recovery is a constant discussion in the US. Investors dissect labor force data for clues to Federal Reserve (Fed) policy change. The Fed follows and publicizes numerous...

It now seems that last Wednesday’s Ebola-scare waterfall climaxed with the intra-day Dow down over 400 points and gapping down 10 points at a time. Bids were pulled as panicked sellers dumped...

Kotok recently sat down with ETF.com to give his take on the end of QE and the latest market sell-off. He discusses his favorite defensive sector and where he currently sees opportunities. Finally, he...

It is becoming clear that overcoming the challenges in the fight against Ebola is related to the size of an economy. The very poor countries face the greatest difficulty. The African countries hit...

More US Ebola news. A second worker is infected in Texas. Meanwhile, vaccine production for healthcare workers is now underway. Reports are that there will be 20,000 shots available by December 2014....

Markets reacted positively to release of the latest FOMC minutes on Wednesday, erasing the previous day’s significant losses. However, that reaction was abruptly reversed on Thursday and Friday,...

An era is ending: for over half a decade, nearly worldwide, zero interest rates suppressed volatilities. That is over. The first sign of this evolution came over a year ago when the bond market...

The US stock market had rocky periods during the third quarter of 2014. There were concerns about rising geopolitical risk that impacted market sentiment. Those concerns triggered some abrupt, albeit...

In an attempt to deal with the fallout of the financial crisis, the Federal Reserve innovated a number of nonconventional monetary policy tools that included quantitative easing, interest on reserves,...

This Friday is Yom Kippur, the day when Jews around the world ask forgiveness for their transgressions from the year past. Rabbis remind the penitent to dwell on their sins of omission, in which they...

We will start this weekend missive with three serious quotes and references.  They are from thoughtful work by professional and personal friends.  And they offer diverse views. QUOTE #...