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
May 22, 2015 By Steve Blumenthal “Ultimately, markets are the complex social action of human beings. Because of that they are driven by human emotions: fear and greed.” -Mark Finn CPI was reported this morning and there is a slight whiff of concern in the air. Fresh data showed consumer prices picking up for […]
S&P 500 Index 2126 By Steve Blumenthal May 20, 2015 The equity market trend remains positive as measured by Big Mo, 13/34-Week EMA and Volume Demand. Investor sentiment is neutral (neither excessively optimistic nor pessimistic). I continue to tilt bullish though the cyclical trend is aged and expensive. Sentiment is inching back up to the […]
On My Radar: Valuations and Forward Returns - 05-15-2015
May 15, 2015 By Steve Blumenthal “Anyone in investments should know that when you add together a number of uncorrelating returns, something magical happens.” – David Harding of Winton Capital Management This week let’s take a look at current market valuations (high) and what they are telling us about probable 10-year forward returns (low). The […]
S&P 500 Index 2100 By Steve Blumenthal May 13, 2015 The bond market has been under pressure with the yield on the 10-year Treasury going from 2.05% (April 30, 2015) to 2.28% (today May 13, 2015). The Zweig Bond Model signaled “SELL” on May 4 when the 10-year was yielding 2.13%. Our CMG Managed High […]
On My Radar: “Life is Great!” - 05-8-2015
May 8, 2015 By Steve Blumenthal “Everyone has to think about what will happen to their wealth when interest rates change direction.” – Peter Briger, CEO and Co-CIO of Fortress Investment Group “By 2020, 70% of assets will be held by retirees and pre-retirees.” – Salim Ramji, BlackRock’s Global Head of Corporate Strategy Place those two […]
S&P 500 Index 2075 By Steve Blumenthal May 6, 2015 The Zweig Bond model moved to a “SELL” signal this week signaling a move to shorten higher quality bond maturity duration. Our CMG Managed HY Bond Program is neutral and we remain long HY bond exposure. Momentum has declined and is essentially flat. Risk remains […]
On My Radar: “The Rodney Dangerfield Expansion” - 05-1-2015
May 1, 2015 By Steve Blumenthal “Earnings don’t move the overall market; it’s the Federal Reserve board. And whatever you do, focus on the central banks and focus on the movement of liquidity. Most people in the market are looking for earnings and conventional measures. It’s liquidity that moves markets.” -Stan Druckenmiller I am in […]
S&P 500 Index 2101 By Steve Blumenthal April 29, 2015 The market feels heavy and the “sell in May and go away” seasonality issues are immediately in front of us. However, while aged – the overall trend remains positive as measured by Big Mo, 13/34-Week EMA and because volume demand continues to be stronger than […]
CMG Q1 2015 Quarterly Performance Update - 04-27-2015
Dear clients, friends and family: Following is the 2015 first quarter net performance for CMG’s Tactical Investment Strategies along with our thoughts on each strategy over the past quarter. In addition, we have provided the net performance for the CMG Managed Blends and the CMG Classic Blends. We have also reflected the net performance for […]
April 24, 2015 By Steve Blumenthal “The most difficult thing is the decision to act, the rest is merely tenacity.” – Amelia Earhart Understanding when a recession might begin is important to our long-term financial health. Why? The stock market declines approximately 40% during recessions. I’ve spent a lot of time over the last several […]