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Jacob Frenkel, Kathleen Hays, Fed’s Jackson Hole Meeting
David R. Kotok, September 4, 2024, Cumberland Advisors Co-Founder and Chief Investment Officer (The following was first published on Cumberland Advisors’ website and via LISTSERV. For details, visit https://www.cumber.com/.) There have been many, many, many reports and podcasts and descriptions and interpretations from the Fed’s Jackson Hole meeting. I want to mention just one interview.…
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CCC? Not for Me!
David R. Kotok, July 28, 2024 (The following was first published on Cumberland Advisors and via LISTSERV. For details, visit https://www.cumber.com/.) This quote was a lead item in Michael Gayed’s Lead-Lag report on July 24th: The worst of the worst credit tier, CCC-rated and below, has seen its yield spread rise by 116 basis points…
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France, by David R. Kotok, June 21, 2024
(The following was first published on Cumberland Advisors’ website and via LISTSERV. For details, visit https://www.cumber.com/.) “How can you govern a country with two hundred thirty-eight varieties of cheese?” “• François Mitterrand, President of France, 1981–1995 Henry Kissinger to Chinese Premier Zhou Enlai in 1972: “What do you think of the French revolution?” Zhou: “Too…
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Trump Verdict & Markets, by David R. Kotok, June 3, 2024
(The following was first published on Cumberland Advisors’ website and via LISTSERV. For details, visit https://www.cumber.com/.) I received an email from a retired NY judge, who noted the 574-point rally in the Dow Jones Industrials as a positive response to Trump’s guilty verdict. I disagreed. I believe markets rallied post-verdict for other reasons. Markets are still…