September 6, 2013 By Steve Blumenthal This week, I share the following relevant research: Seventh Inning Stretch – PIMCO’s Bill Gross Peak Earnings Equals Peak Valuations – a telling chart The Behavior Gap - Blumenthal Viewpoint How to Make Risk Your Friend – Deepak Chopra, [...]Read More >

By Steve Blumenthal August 29, 2013 Following is an excerpt from the piece that highlights the issues MPT is facing today: The conversation you should have with your clients is not that modern portfolio theory (MPT) is wrong, rather that it’s time to question whether 60/40 remains the best [...]Read More >

S&P 500 Index 1630 By Steve Blumenthal August 28, 2013 Included in this week’s update: • Sentiment Charts – Pessimism is now extreme (short-term bullish for the market) • Cyclical Bull Market Charts – The market remains in a cyclical bull market trend • A look at PE valuations – The [...]Read More >

August 23, 2013 By Steve Blumenthal An advisor client called the other day and wanted to talk about investor behavior.  Broadly diversified portfolios will always underperform the top performing asset classes at any given time.  He wanted to know how I might advise a client who is comparing his [...]Read More >

August 21, 2013: "[Retail] investors are behaviorally doing the exact opposite of what they should be doing," said Steve Blumenthal, whose advisory firm manages $550 million for investment advisers and retail clients. "Emerging markets have perhaps the best valuation level of any of the markets, but [...]Read More >

July 12, 2013 By Steve Blumenthal Stonewall Golf Club – hole 18   Stonewalled – What’s the average investor do? We walked off the 18th green and Chuck, my good friend and long-time caddie, says, “Steve, can I ask you a question about my wife’s 401k? What should I do?”  I sensed the [...]Read More >

August 16, 2013 By Steve Blumenthal Bright Future “Dad, though this card is small, it was the only message that I could find that even came close to how I’ve felt about this summer.  Thank you – for this entire summer.  Thank you for encouraging me to do something I didn’t think I was able to [...]Read More >

S&P 500 Index 1690 By Steve Blumenthal August 14, 2013 I did some digging into the data around past cyclical bull periods and thought I’d share some of what I learned with you: The current cyclical bull move began in March of 2009 and is now four years and five months old. This makes [...]Read More >

August 9, 2013 By Steve Blumenthal (from the 361 Capital Weekly Research Briefing) Every quarter for as long as I can remember, I anxiously await Jeremy Grantham’s quarterly investment letter.  Jeremy’s firm manages more than $100 billion.  I remember how he stuck to his disciplined process in [...]Read More >

S&P 500 Index 1687 By Steve Blumenthal August 7, 2013 Following are the most recent Investor Sentiment and Cyclical Trend charts.  Investor Sentiment remains in the Extreme Optimism or “Bearish” zone. As a quick aside, years ago I was the elected Chairman of a non-profit industry [...]Read More >

August 2, 2013 By Steve Blumenthal Like the Wile E. Coyote, we have raced ahead and are finding ourselves out over the cliff.  Slower growth, manipulated GDP, underfunded pensions and unprecedented global currency manipulation…we are far from normal conditions – too much debt remains the major [...]Read More >

  Dear clients, friends and family: Following is the 2013 second quarter and year-to-date net performance information 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 [...]Read More >

July 26, 2013 By Steve Blumenthal Sometimes I sit back and reflect on just how grateful I am to be in this business.  Challenging? Yes, but very intellectually stimulating.  I am extremely excited today after a productive meeting focusing on how to better manage fixed income portfolio exposure.  [...]Read More >

Watch the latest video at video.foxbusiness.com Steve joined David Asman and Liz Claman on After the Bell on Friday, June 28 to talk about modernizing portfolio allocations in today's investment world. He suggests a shift from the traditional 60/40 portfolio. [...]Read More >

S&P 500 Index 1648 By Steve Blumenthal June 19, 2013 Investor Sentiment remains in the Neutral zone.  I note that our CMG Managed HY  Bond Program moved back into high yield bonds yesterday.  High yields have historically been a good indicator of market trend.  A short-term [...]Read More >