Research & Insight

November 6, 2015 By Steve Blumenthal “U.S. interest rates are already zero. Japanese interest rates are zero also. European interest rates are negative. All of these central banks have printed trillions of dollars in their respective currencies under various QE programs. They are at the point [...]Read More >

Dear clients, friends and family: Following is the 2015 third 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.  [...]Read More >

S&P 500 Index 2109 By Steve Blumenthal November 4, 2015 Following below is my market, investor sentiment and economic dashboard.  In short, excessive optimism is short-term bearish for stocks, there is a high risk of global recession (strong data/chart below), no signs of a U.S. [...]Read More >

October 30, 2015 By Steve Blumenthal “Whatever the form of risk and risk measurement one uses, the important thing to know is that diversification reduces risk and can be used to reduce risks without reducing returns.” – Ray Dalio Ray Dalio’s “risk parity” or “all weather” investment process has [...]Read More >

S&P 500 Index 2090 By Steve Blumenthal October 28, 2015 Short-term investor sentiment is now excessively optimistic which is short-term bearish for stocks.  The S&P 500 index sits today at 2090.  The next important resistance sits at 2100.  There is significant resistance at the prior [...]Read More >

October 23, 2015 By Steve Blumenthal  “Have the courage of your knowledge and experience. If you have formed a conclusion from the facts and if you know your judgment is sound, act on it — even though others may hesitate or differ. (You are neither right nor wrong because the crowd disagrees with [...]Read More >

S&P 500 Index 2030 By Steve Blumenthal October 21, 2015 Investor sentiment has moved from “extremely pessimistic” (which is short-term bullish for the market) to neutral; however, the daily sentiment indicator is nearing “extreme optimism” (which would be short-term bearish for the [...]Read More >

October 16, 2015 By Steve Blumenthal David Rubenstein, co-founder and co-CEO at The Carlyle Group, on Bloomberg TV several days ago, said, a U.S. recession is "inevitable."  "We have not really had a recession in six years," Rubenstein explained. "We came out of the last recession in June of [...]Read More >