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Cumberland Advisors Week in Review

January 03 - January 06, 2023

Today's Date: Jan 07, 2022

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The Cumberland Advisors Week in Review is a recap 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 commentaries that our editors have determined may be of interest to our audience. Your feedback is always welcome.
Dear Clients & Friends,

Thank you for watching Cumberland Advisors’ Friday, December 16, 2022 Week in Review, an end-of-week update on market conditions, equities & bonds with Matt C. McAleer, Executive Vice President & Director of Equity Strategies, and Shaun Burgess, Portfolio Manager and Fixed Income Analyst.

Matt McAleer and Equities
- Lots of intraday activity in both equities & fixed income
- Heavy bets placed in treasuries emphasize mispositioning into jobs report
- Drawdowns in both natural gas & oil input costs
- Bid in growth stocks returned, but prefer it to be joined with weakness in value

Shaun Burgess and Fixed Income
- Big week for Treasuries, with 10yr yields down about 30bps
- Fed reaffirmed their commitment to a 2% inflation target
- Strong jobs number, with avg. hourly earnings & ISM reporting weaker
- Next CPI number could be very influential combined with other data points

View this week’s video "New Year, New Markets?" using the link above or this URL:

Enjoy past video updates via this Playlist URL:

Please send any feedback from today’s email/video to Matt McAleer. You can reach him at:
Call Matt: (800) 257-7013 ext. 346

Other questions or comments? Email us at or give us a call at (800) 257-7013

Have a great weekend,
-Matt, Shaun, & Cumberland Advisors

Catch up on recent Market Commentaries
from Cumberland Advisors

Cumberland Advisors Market Commentary

Camp Kotok Corner

Perspectives from Attendees

Camp Kotok
Meet the Combat Wounded Veteran Challenge
Combat Wounded Veteran Challenge (CWVC) at Camp Kotok, Maine
(Maj Gen (ret) Scott Gray, Miami Mayor Francis X. Suarez, Chris Corbin, & Kristi Fryhover)

In August, folks from the Combat Wounded Veteran Challenge (CWVC) organization, consisting of Chris Corbin, former US Army Green Beret, and CWVC President Maj Gen (ret) Scott Gray, joined Camp Kotok in Maine for a long weekend of learning/sharing, economic discussions and, of course, fishing. They presented their “Mission and Purpose” to fellow “campers” resulting in some enthusiastic new supporters.
The Combat Wounded Veteran Challenge website says,
“Our mission is to partner with various Universities, medical professionals and institutions to help gather research on PTSD, TBI, and Orthotics & Prosthetics so we can better understand the difficulties faced by wounded or injured veterans daily.

“In addition, the challenges we organize instill confidence and pride in the veterans that participate, better enabling them to realize their full potential and continue to contribute to helping others.”

Downeast Lakes Land Trust - Week 01 & Week 02
(Pictured here are Week 1 & Week 2 versions of Downeast Lakes Land Trust's David Montague & Nicole Nygren and Cumberland Advisors' Norm Dempsey & David Kotok. Who did it better?)

Scott and Chris also came to listen and attended a talk held with the Downeast Lakes Land Trust’s David Montague and Nicole Nygren about the milfoil plant’s danger to the freshwater ecosystems across the region. Milfoil is an invasive, weed-like plant species that can spread rapidly and suffocate native plants and crowd out native fish. It also interferes with swimming and boating activities and you can read more about invasive milfoil and how it’s affecting Maine waters here:
Help the coalition stop the spread of milfoil

Some of you may already know that the Combat Wounded Veteran Challenge vets have been actively engaged in the restoration and planting of new coral around the Florida Keys so it may come as no surprise that dialogue was started to see if CWVC’s vets might use their diving skills to help mitigate milfoil. Chris Corbin is working a plan to support this “Challenge” and help Maine's natural environment in 2023!

Learn more about the Combat Wounded Veteran Challenge at their website:
2023 Climate Conference Announced
at USF Sarasota-Manatee
Cumberland Advisors is once again pleased to be a sponsor.
The Climate Adaptation Center’s 2023 Annual Climate Conference on the University of South Florida Sarasota-Manatee campus will take place from 8:30 a.m. to 4:15 p.m. on Thursday, Feb. 9 in the Selby Auditorium, with a focus on topics especially relevant to living in Florida.

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