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.
Stay ahead of the game by tracking the news.
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Most Recent Stories
On My Radar: PIMCO’s Blender - 05-24-2013
May 24, 2013 By Steve Blumenthal PIMCO’s Blender Being the investment geek that I am, there are several annual research meetings that I eagerly await to read about each year. One of which is PIMCO’s Annual Secular Forum. Picture a room full of some of the industry’s brightest thought leaders gathered to discuss and debate [...]
Trade Signals: May 22, 2013 - 05-22-2013
S&P 500 Index 1669 By Steve Blumenthal May 22, 2013 Sentiment Update – Extreme Optimism Investor Sentiment remains in the Extreme Optimism zone. Risk remains elevated. Investment Sentiment charts 5-21-2013: Chart 1. NDR Crowd Sentiment Poll – Extreme Optimism (Bearish) – I continue to recommend a risk management focused hedge on long-term equity portfolio exposure. [...]
On My Radar: May 17, 2013 - 05-17-2013
May 16, 2013 By Steve Blumenthal High Yield bonds – Some Insight from a 20 year HY veteran The yield on the Bank of America – Merrill Lynch High Yield Bond Index moved below 5% recently. Just a month ago it set a record low yield by moving below 6% for the first time. The [...]
Trade Signals: Extreme Optimism Again - 05-15-2013
S&P 500 Index 1657 By Steve Blumenthal May 15, 2013 Sentiment Update – Extreme Optimism Investor Sentiment remains in the Extreme Optimism zone. I continue to suggest a hedged approach as it relates to your long-term equity portion of your portfolio. The cost is relatively nominal and I believe a focused hedge strategy can be [...]
On My Radar: Inflation, Haircuts & WSJ Live - 05-10-2013
May 10, 2013 By Steve Blumenthal Hyperinflations, Hysteria, and False Memories – James Montier, GMO “To say that the printing of money by central banks to finance government deficits creates hyperinflations is far too simplistic (bordering on the simple-minded). Hyperinflation is not purely a monetary phenomenon. To claim that is to miss the root causes [...]
GMO White Paper, February 2013 -Excerpt: To say that the printing of money by central banks to finance government deficits creates hyperinflations is far too simplistic (bordering on the simple-minded). Hyperinflation is not purely a monetary phenomenon. To claim that is to miss the root causes that underlie these extraordinary periods. It takes something much worse than simply printing money.
Major indexes are striking nearly daily record highs. But with earnings growth slowing sharply, are stocks overvalued? Steve Blumenthal joins MoneyBeat to discuss his tactically managed, risk mitigated approach to investing.
Trade Signals: Charts & My “Two Cents” - 05-8-2013
S&P 500 Index 1626 By Steve Blumenthal May 8, 2013 Sentiment Update – Charts and my “two cents” Investor Sentiment remains in the Extreme Optimism zone. I continue to favor inexpensive hedges to risk protect long equity market exposure (i.e. covered calls and out of the money put options). The market gains have been exceptional. [...]
The Blumenthal Viewpoint: “Pretty Woman” - 05-2-2013
May 2, 2013 By Steve Blumenthal The taxi pulled up to the Beverly Wilshire Hotel in Beverly Hills, California and the driver said, “You know, this was the hotel they used in the movie “Pretty Woman” ”. Richard Gere was the wealthy Private Equity guy and Julia Roberts was the pretty woman. Gere was a [...]
Trade Signals: May 1, 2013 - 05-1-2013
S&P 500 Index 1597 By Steve Blumenthal May 1, 2013 Sentiment Update – Charts and brief comment Investment Sentiment charts 4-30-2013: No change from comments made last week. Following are this week’s sentiment charts: Chart 1. NDR Crowd Sentiment Poll – Neutral (Bearish) – I REMAIN RISK OFF (hedge). S&P 500 Gain/Annum above 66 (the [...]