A Fitch of a Week - Cumberland Advisors' Week in Review

Dear Clients & Friends, Thank you for watching Cumberland Advisors’ Friday, August 4, 2023 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 & Equities - Rip higher into last month's earnings created a higher hurdle for stocks - Quiet markets set equities up for a natural pullback - Will this August be a replay of August 2022? - Nice recovery performance in value vs growth Shaun Burgess & Fixed Income - Yields moved higher off Fitch downgrade of U.S. credit rating - Additional pressure on yields due to upcoming issuances from U.S. Treasury - Munis held up better, getting support from their retail individual buyers - Defensive sectors not yet strong enough to truly signal severe credit issues View this week's featured chart here: https://mcusercontent.com/d6f020f3bd6a1e2c4eb254e6c/images/ee3f425e-4057-9420-c5b8-188e34ffc889.jpg Watch Cumberland Advisors' Q2 2023 Review: https://youtu.be/gA7ovS_ysqc 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, -Matt, Shaun & Cumberland Advisors