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Cumberland Advisors Week in Review + Digest
May 01 - May 05, 2023
Publishing Date: May 06, 2023
Email | About
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The Cumberland Advisors Week in Review is a digest of news, commentary, and opinion from our team. These are not revised assessments, and circumstances may have changed in the market from the time of original publication. We may include older and/or guest commentaries that our editors have determined may be of interest to our audience. Your feedback is always welcome.
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Cumberland Advisors’ Friday, May 05, 2023 Week in Review
is available online. Our end-of-week update on markets generally features equities, bonds, and trading highlights. Thank you for joining us.
Matt McAleer - Equities
- Bank action controlled much of the intra-week volatility
- Previous steep drawdowns for regional banks occurred in 2008/9 and 2020
- Keep an open mind even when hit with multiple headlines
- ETF baskets are "self-cleansing," and end up left with the survivors
John Mousseau - Fixed Income
- Another 25 bps rate hike from the Fed
- April jobs growth beat expectations, pushing yields higher
- Big banks barely budged in spread vs. U.S. Treasuries since February
- Regional bank spreads vs. U.S. Treasuries have increased greatly
Please send any feedback from today’s email/video to Matt McAleer. You can reach him at:
Email: Matthew.McAleer@Cumber.com
Twitter: https://twitter.com/matthewcmcaleer
LinkedIn: https://www.linkedin.com/in/matthew-c-mcaleer/
Call Matt: (800) 257-7013 ext. 346
Other questions or comments? Email us at info@cumber.com or give us a call at (800) 257-7013
Have a great weekend,
Cumberland Advisors
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Catch up on recent Market Commentaries
from Cumberland Advisors
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Cumberland Advisors’ Private Wealth Practice offers institutional-level money management for individual investors. We have a multi-decade history of service to institutional clients – independent non-profits, foundations, qualified retirement plans, and government entities. As a private investor, you can leverage that same expertise in the management of your portfolio. More information is available at our website and in our private wealth digital brochure.
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Camp Kotok Corner
Perspectives, News, and/or Resources from Attendees
Camper Dr. Jonathan D. T. Ward let us know about the official release of his new book, The Decisive Decade. He says he's receiving positive response in multiple categories including International Economics, International Diplomacy, and Asian Politics.
We met up with him recently in Sarasota, FL for the Global Interdependence Center's April 20/21 "Cryptocurrency and the Future of Global Finance" conference where he was a featured speaker. Pictured below is Dr. Ward signing a book for another Camp Kotok alum, economist Michael Drury.
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Cumberland Advisors' Q1 2023 Review Video
Join Matt C. McAleer, Executive Vice President & Director of Equity Strategies, and John R. Mousseau, President, CEO, and Director of Fixed Income, for a discussion on market conditions and Cumberland Advisors' investment strategies. This Q1 video and accompanying charts may be viewed using the link below.
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