Cumberland Advisors

Puerto Rico is back in the news as it attempts to reorganize its financial activities. PR wants to avoid default but may not be able to. Instead, this $70 billion issuer of bonds wants to...

While we watch the war unfolding against the Islamic State (IS) in Syria and Iraq, it is critical to keep an eye on neighboring Turkey. There is a lot at stake; Turkey holds a key position. The news...

We know the Fed meeting results; the coverage has been exhaustive. Note that the new “dots” analysis of the median dot now points to an expected 1.375% Fed Funds target rate by the...

September 18 is the day the citizens of Scotland who are resident there will be able to vote on whether or not they wish Scotland to remain united with England as part of the United Kingdom or to...

That's the question Bloomberg’s Surveillance host Tom Keene posited Tuesday morning. And what a profound question it is.We looked back at the tech stock bubble peak in the early months of...

High Quality Liquid Assets (HQLA) is a term that now applies to the implementation of the Liquidity Coverage Ratio (LCR) in the Basel III Rule. This highly technical mouthful of acronyms and rules...

At last week’s gathering of central bank presidents in Jackson Hole, the European Central Bank’s Mario Draghi and the US Federal Reserve’s Janet Yellen stole the limelight. Rather...

A worldwide deflation fear is expanding and may actually be rampant. BCA Daily Insights (August 25, 2014) notes that, “out of 32 OEC countries, more than two-thirds have domestic inflation rates...

Speaking at the annual gathering of the world’s central bankers in Jackson Hole, Wyoming, European Central Bank President Mario Draghi expressed his increasing concerns about continuing high...

Janet Yellen has given her widely anticipated opening speech at the Federal Reserve Bank of Kansas City’s Jackson Hole Conference. As expected, she devoted her remarks to the labor market, which...

Cash reserves have been pared back and monies have been redeployed into exchange-traded fund (ETF) strategies. There are several reasons.What this means is that the two largest central banks in the...

The “Underbelly of labor market improving” writes Neil Dutta of Renaissance Macro Research, who writes a daily screed on economic releases. It is a worthwhile read.We agree with Neil. The...

This commentary will include answers to some questions from readers about the SKEW-VIX ratio and why it is important. Here are two issue notes before we address those questions:First, our alarm about...

Of all the position decisions across the broad asset classes, cash is always the one that causes the most angst. In a strategy that focuses on trend and relative strength analysis, under/overweight...

The recent economic news from Germany, which has the largest economy in Europe and is considered the “locomotive” for the Eurozone, has not been good. Factory orders in June declined -3.3%...

When "buy the dips" becomes "sell the rallies,” it is time to re-examine your view of the world.Starting in the second half of this year, the stock markets in the US have changed. What was a...