Chairman and CIO, Cumberland Advisors
Contributor's Links: Cumberland Advisors

David R. Kotok co-founded Cumberland Advisors in 1973 and has been its Chief Investment Officer since inception. He holds a B.S. in economics from The Wharton School of the University of Pennsylvania, an M.S. in organizational dynamics from The School of Arts ... more

ALL CONTRIBUTIONS

China Slowdown And Financial Markets
While many economists cautioned that a major slowdown in China was not likely, much less a recession, investor, domestic consumer, and business sentiment have all clearly worsened.
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Trade Wars And Government Shutdowns Can Be Fishy Business
Trade resolutions could put significant wind back into the sails of a stock market that has seen a nasty selloff in recent weeks.
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4Q2018 Review: Puerto Rico Insured Bond
It has been a busy quarter for the Commonwealth of Puerto Rico.
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Total Return Taxable Fixed Income: 4Q 2018 Review
After a poor start to the quarter, the Treasury market rebounded nicely over the month of December, providing positive performance across the Treasury curve as the equity market suffered from negative sentiment.
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Week In Review (Dec 24, 2018 – Dec 30, 2018)
Volatility! And a great month for bonds. What numbers indicate panic? Is the economy slowing or bringing with it a downside? Or are we just in a skirmish? Matt McAleer explains...
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4Q2018 Review: Munis Turn It Around
Muni yields rose in the first six weeks of this quarter – mostly in sympathy with US Treasuries. Since early November, AAA muni yields (AAA) have dropped across the board.
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Comments

Latest Comments
The Failing Trump Navarro Trade War
1 month ago

I agree. But US was hurt by retaliation tariffs. Soybeans. Lobster. Two examples.

1 to 1 of 1 comments

STOCKS I FOLLOW

ACUC AMERICAN URANIUM CP
BSYN BIOSYNERGY INC
CPP Preferredplus Trust
CUYTY COLRUYT SA UNSP ADR
DYSOY DYESOL LTD ADR
EPRJF
FGTIX Franklin Templeton Growth Target Fund Class A
HRID HYBRID FUELS INC
MMRBX Mainstay Moderate Allocation Fund Class B
MOSYX Massmutual Select Overseas Fd Cl Y
OPAY
PTTWF POLISH TELECOM TPSA
VCTDIX Van Kampen Focus Portfolios
WAOCX Western Asset Fds Shs -C- Non-US Opportunity Bond Fund
WNMLA WINMILL
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TWEETS

PERSONAL BLOG

Latest Posts
Trump Asks: Should Corporate America Reveal Its Results Less Often?
President Donald Trump has asked Wall Street’s top regulator to look into whether U.S. companies should report their financial results less often, a move that could upend long-standing rules.
Is The U.S. Headed For Recession?
Just about all economists agree there is one thing that could eventually drive the economy into recession: a trade war.
Gold And Defense Stocks Rise As Donald Trump Cancels North Korea Summit
Following President Donald Trump’s letter on Thursday canceling the summit with North Korean leader Kim Jong Un next month, investors appear to be bracing for more rockiness ahead.

Work Experience

Chairman and Chief Investment Officer
Cumberland Advisors
March 1973 - Present (46 years 7 months)

Since 1973, Cumberland Advisors has been a trusted source for market expertise, personal service, and individual and institutional money management. Cumberland Advisors is an independent, fee-for-service money management firm managing over $2.5 billion in assets.

Education

University of Pennsylvania - The Wharton School
Bachelor’s Degree
Economics
University of Pennsylvania
Master’s Degree
Organizational Dynamics
University of Pennsylvania
Master’s Degree
Philosophy

Publications

Adventures in Muniland: A Guide to Municipal Bond Investing in the Post-Crisis Era
David Kotok
Cumberland Advisors
08/03/2015

With a perspective that only decades of experience can bring, Adventures in Muniland captures the municipal bond market's transformation from stodgy to dynamic. This concise, yet comprehensive stroll offers an insider's view, brings the reader right up to today's discussions, and carries the added benefit of providing a clear understanding of what can at times appear to be an opaque marketplace. The Cumberland team has produced an insightful review for the seasoned professional and a must read for newcomers and investors.

From Bear to Bull with ETFs
David Kotok
Cumberland Advisors Publishing
07/09/2014

This revised second edition focuses on certain U.S.-registered ETFs and their performance during the recent bear market and subsequent bull market up to March 2014. It concentrates on those ETFs that refer to, are part of, are linked in some way to, or are references for the Standard and Poor's 500 Index and its sector components. It also includes some ETFs that capture performance results outside of the S&P 500. There are three sections and a new appendix. The first section focuses on actual trading and events that occurred in the market from October 2007 until March 2014. The second is a brand-new section written by Talley Léger on the performance of the cyclical vs. the defensive sectors of the U.S. equity market. The third section focuses on commentaries that discuss the events during the period of October 2007 through March 2014, written and published during this bear market and ensuing bull-market phase.