July 15, 2016 By Steve Blumenthal I don't know how to love him, What to do, how to move him. I've been changed, yes, really changed. In these past few days when I've seen myself I seem like someone else… Should I bring him down? Should I scream and shout? Should I speak of love - let my [...]Read More >

By Steve Blumenthal July 13, 2016 S&P 500 Index 2150 There are no major changes this week; though, daily investor sentiment is nearing Extreme Optimism.  The cyclical trend for U.S. equities remains bullish.  With valuations high (and they could go higher), risk remains high.  Hedge any [...]Read More >

July 8, 2016 By Steve Blumenthal Bonds are what they are. Today, they are less than what they are. It is said—nothing is ever new under the sun of finance… but we do live in a unique time in two critical ways—interest rates and monetary moment. A few years ago, a book appeared called A History of [...]Read More >

By Steve Blumenthal July 6, 2016 S&P 500 Index 2083 Bonds, utilities and gold show the strongest relative price strength. On the equity front, investor sentiment remains extremely pessimistic, which is short-term bullish for equities. You’ll find the most recent valuation updates in [...]Read More >

July 1, 2016 By Steve Blumenthal “We recognize that our EU policies aren’t working for everybody. That’s okay. We just have to figure out how to make sure that everybody gets what they need, even if it means less control from Brussels.” -European Union’s founding members: Belgium, France, [...]Read More >

By Steve Blumenthal June 29, 2016 S&P 500 Index 2061 High Yield hit stop-loss levels and is back to a sell.  Investor pessimism moved to extreme.  Such periods of extreme pessimism have historically been short-term bullish for equities.  High-quality bonds remain in a buy signal.  The [...]Read More >

June 24, 2016 By Steve Blumenthal  “Italeave, Finish, Czechout, Oustria, Byegium and Departugal.” -- Wilfred Frost, CNBC, June 24, 2016 Brexit!  The world markets are in shock.  What’s next?  You'll find my thinking below.  This is day 1. There is more to come. I’m en route to California [...]Read More >

By Steve Blumenthal June 22, 2016 S&P 500 Index 2088 HY moved back to a buy signal early this week.  The asset class tends to be a leading indicator of both economic and stock market direction.  We had a great run and we are pleased.  Right now, the signal is for more “risk [...]Read More >

June 17, 2016 By Steve Blumenthal “Everyone focuses on the Fed’s balance sheet – the $3 trillion dollars and the problems that creates.  Don’t forget there is another balance sheet – that’s the balance sheet of us in the market that sold them the bonds and were forced into the risk assets that [...]Read More >

By Steve Blumenthal June 15, 2016 S&P 500 Index 2071 You’ll see in the indicators below that gold continues to perform well and remains in a defined cyclical uptrend.  High yield moved to a sell signal early in the week.  This was after a strong short-term performance gain.  The [...]Read More >

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June 10, 2016 By Steve Blumenthal “The best thing we can do is get back to pricing risk. Getting to that point should be and will be painful.”  -- PJ Grzywacz, President, CMG Capital Management Group “Central banks don’t like being the only game in town, but they don’t know how to get out of [...]Read More >

By Steve Blumenthal June 8, 2016 S&P 500 Index 2119 At the time of this writing, the S&P 500 Index is 15 points away from making an all-time high (amen to that).  Are you as curious as I am as to how the current bull market compares to prior bull runs?  In a word - “aged.”  The [...]Read More >

June 3, 2016 By Steve Blumenthal “Nearly all men can stand adversity, but if you want to test a man’s character, give him power.” – Abraham Lincoln Do you remember back in the early 80s when interest rates peaked at 15.25% and most everyone felt rates were moving higher, certainly not lower?  [...]Read More >

KING OF PRUSSIA, Pa.--(BUSINESS WIRE)--CMG Capital Management Group, Inc. is pleased to announce the adoption of Global Investment Performance Standards (“GIPS”) for investment performance calculation and reporting. CMG has chosen Ashland Partners & Company LLP to verify its GIPS policies and [...]Read More >