Research & Insight
Since 1992, CMG has embraced uncommon solutions –– the application of tactical investments as part of a progressive diversification philosophy –– to help investors successfully navigate the challenges of today’s investment world.
To enlighten those decisions, we make our insights, opinions, and research available in a variety of forms: Newsletters, white papers, economic commentary and weekly market updates. It’s a great library of information and it’s open 24/7/365. That way, you can drop by anytime.
Steve's monthly examination of the global economic landscape and what he sees as the most relevant and vital market sectors to be watched.
On My Radar
Steve's weekly debriefing identifies the most relevant market events of the past week and discusses how he sees these events impacting the market.
Steve's "risk on - risk off" call on market volatility and adjusting portfolio positioning for the market conditions. Steve illustrates his outlook on a weekly basis through the use of Sentiment Charts.
Facts and figures tell the story and help make decisions.
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Most Recent Stories
Trade Signals – Support Held, Big Mo Remains Bullish - 10-22-2014
S&P 500 Index 1941 By Steve Blumenthal October 22, 2014 Big Mo and the 13/34-Week EMA remain in cyclical bull market trends. Sentiment is extremely pessimistic (which is also bullish)and support held. The Zweig Bond Model continues to signal long-term bond exposure and high yield is back in a buy signal. Included in this week’s […]
October 17, 2014 By Steve Blumenthal “Investors should understand that prices and valuations are high is another way of saying future returns have already been realized, leaving little to be gained for quite some time.” John Hussman In 2005, I was pitched a Bear Stearns leveraged hedge fund that was run by several smart guys […]
S&P 500 Index 1835 By Steve Blumenthal October 15, 2014 The S&P 500 is down nearly 10% from its September high of 2019. The good news is investor pessimism is extreme. I’m going to tilt back the risk meter just a bit as investor pessimism is now at levels of extreme pessimism and the market […]
On My Radar: Stay Wary, Alert and Very, Very Nimble. - 10-10-2014
October 10, 2014 By Steve Blumenthal “We’re in a period with many daily (often hourly) points that represent pixels in the market’s picture. The short-run trends (the cyclical cycles) of the market are hard to predict. Without extraordinary powers of clairvoyance, the best plan is a diversified, non-correlated portfolio with a few engines to counterbalance […]
Trade Signals – Margin Debt at Record High - 10-8-2014
S&P 500 Index 1935 By Steve Blumenthal October 8, 2014 All but a few sectors of the stock market are under pressure. Many are below their 50 and 200 day moving averages and more stocks are declining than advancing. The health of the market is in decline; however, the overall trend evidence remains positive and […]
On My Radar: The Secret Goldman Sachs Tapes - 10-3-2014
October 3, 2014 By Steve Blumenthal “A lot of people are not psychologically suited to buy stocks that bump around all the time.” Warren Buffett (CNBC Oct 2, 2014) Last week it was Dalio, Bloomberg, Dudley, Cooperman, Robertson and Conway as well as Julian Robertson’s “we have created two bubbles that will bite us” (referring […]
Trade Signals – Technical Market Support at 1900 - 10-1-2014
S&P 500 Index 1948 By Steve Blumenthal October 1, 2014 The weight of evidence continues to support the cyclical bull. Trend evidence is favorable and short-term sentiment has reached extreme pessimism (bullish for the market). High yield remains in decline (typically a leading indicator to equity price movement) yet low interest rates, the Fed and […]
September 26, 2014 By Steve Blumenthal “Learn from yesterday, live for today, hope for tomorrow. The important thing is not to stop questioning.” – Albert Einstein Feeling like a kid in a candy store, I raced to catch an early morning train. I was heading to the Bloomberg Markets Most Influential Summit in New […]
Trade Signals: HY’s in Decline - 09-24-2014
S&P 500 Index 1998 By Steve Blumenthal September 24, 2014 Commentary is unchanged from last week. The charts are all updated. I include an additional high yield bond trend chart – thus the creatively boring title: HY’s in Decline. Included in this week’s Trade Signals: • Cyclical Equity Market Trend: Cyclical Bullish Trend for Stocks […]
On My Radar: Too Many Hot Dogs - 09-19-2014
September 19, 2014 By Steve Blumenthal As the debt bubble steps forward, we search for signs of inflation and deflation. Some growth and inflation is apparent in the U.S. while it is deflation and recession pressures in Europe and Japan. Which way are interest rates headed? The year-to-date surprise is that they have declined. I […]