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 >

[...]Read More >

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 >

May 20, 2016 By Steve Blumenthal “Let yourself be silently drawn by the strange pull of what you really love.  It will not lead you astray.” -Rumi Sometimes it is good to sit back, reflect, recharge and then, once again, drive forward.  I pulled open a drawer and found, tucked at the bottom [...]Read More >

By Steve Blumenthal May 18, 2016 S&P 500 Index 2041 Release of the Fed minutes showed that members would support a rate hike if economic data improved.  The market immediately sold off.  Here are the change in odds as tracked by CME: June: 34 percent chance, up from 19 percent prior [...]Read More >

May 13, 2016 By Steve Blumenthal “Invest in good companies, don’t use leverage, invest in liquid investments, don’t do private deals and light a candle and pray for a positive outcome.” -Leon Cooperman, Omega “Debt drains away vital resources from economic growth. Fighting a debt crisis with [...]Read More >

By Steve Blumenthal May 11, 2016 S&P 500 Index 2069 I’m in Las Vegas this week at the SALT Alternatives Investment Conference.  I’ll share some high level notes in Friday’s “On My Radar.” The market remains range-bound.  Sentiment has improved, meaning investor sentiment is nearing the [...]Read More >

May 6, 2016 By Steve Blumenthal "The Fed has borrowed from future consumption more than ever before. It is the least data dependent Fed in history. This is the longest deviation from historical norms in terms of Fed dovishness than I have ever seen in my career... This kind of myopia causes [...]Read More >

By Steve Blumenthal May 4, 2016 S&P 500 Index 2051 Before you take the quick dive into this week’s Trade Signals, here is an interesting fun fact courtesy of Bespoke Investment Research. “Over the last five years, Mondays have been by far the worst days for the S&P 500 with an [...]Read More >

April 29, 2016 By Steve Blumenthal The road is long With many a winding turn That leads us to who knows where Who knows when But I'm strong Strong enough to carry him He ain't heavy, he's my brother So on we go His welfare is of my concern No burden is he to bear We'll get there For I [...]Read More >

By Steve Blumenthal April 27, 2016 S&P 500 Index 2090 From the Fed this afternoon: “Information received since the Federal Open Market Committee met in March indicates that labor market conditions have improved further even as growth in economic activity appears to have slowed.  Growth [...]Read More >