Research & Insight

On May 20, Michael Sciortino and Steve Blumenthal hosted a webinar on the CMG Managed High Yield Bond Program. Steve developed the strategy over twenty years ago to tactically trade the high yield bond market. The strategy will rotate between high yield bonds and cash based on his trend following [...]Read More >

5/26/15 12:45 PM EDT CMG Capital Management Group CEO Steve Blumenthal stopped by theStreet in New York today to chat with Gregg Greenberg about the coming opportunity in high yield bonds. Catch the (3.25 min) segment here: How to Profit From the Coming Washout in High Yield Bond ETFs. Summary of [...]Read More >

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 [...]Read More >

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 [...]Read More >

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 [...]Read More >

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 [...]Read More >

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 [...]Read More >

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 [...]Read More >

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 [...]Read More >

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 [...]Read More >