Thursday, November 18, 2021 9:52 PM EDT
To many, inflation means a steady and continuous increase in prices.
TWEETS
PERSONAL BLOG
Alexander Morse, researcher at Rockefeller Institute, reports CO₂ emissions will fall 5% this year. CO₂ has fallen by 20% in Wuhan, while microscopic atmospheric debris fell by 71% since March 24th in India.
David Kotok, chief investment officer at Cumberland Advisors, isn’t particularly bullish about U.S. financial markets for this year...
Much depends on the trajectory of the deadly virus.
Epidemics and pandemics do have market consequences and raise risk, and…they can be deadly,
It’s impossible to fathom what all the effects of a Warren presidency would be, but it’s hard to see tax-free munis being hurt by higher marginal income taxes.
In this article: MUB
There was an unusual spike in rates in the repurchase (“repo”) market causing a liquidity squeeze. It remains a mystery as to what catalyzed the liquidity squeeze.
If the Federal Reserve does not cut its target for the federal funds rate by at least 25 basis points at the end of this month, many in the market will feel entitled to sue the central bank for breach of contract.
Large-cap growth stocks, the darling of the bull market over the past 10 years, still hold promise for clients despite some elevated risks, according to advisors and market observers.
Work Experience
| Chairman and Chief Investment Officer | |
| Cumberland Advisors | |
| March 1973 - Present (49 years 11 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. |
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. |
Latest Comments
The Failing Trump Navarro Trade War
I agree. But US was hurt by retaliation tariffs. Soybeans. Lobster. Two examples.