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

April 24, 2015 By Steve Blumenthal  "The most difficult thing is the decision to act, the rest is merely tenacity." - Amelia Earhart Understanding when a recession might begin is important to our long-term financial health. Why? The stock market declines approximately 40% during recessions. I’ve [...]Read More >

S&P 500 Index 2109 By Steve Blumenthal April 22, 2015 Charts are updated below.  Trend remains positive and sentiment supportive. Included in this week’s Trade Signals: Cyclical Equity Market Trend: The Primary Trend Remains Bullish for Stocks Volume Demand Continues to Better [...]Read More >

April 17, 2015 By Steve Blumenthal “I’m not predicting a crash, I’m just saying the risk reward of going early (Fed raising rates) is better than going late.” - Stan Druckenmiller I spent 45 minutes this morning watching the Bloomberg interview with Stan Druckenmiller.  I had a number of other [...]Read More >

S&P 500 Index 2096 By Steve Blumenthal April 15, 2014 There are no major changes in trend and investor sentiment in the last few weeks. Below are the most recent trend and sentiment charts. Let’s call the environment cautiously bullish. Overall, valuations remain high and forward [...]Read More >

April 10, 2015 By Steve Blumenthal  "I can't change the direction of the wind, but I can adjust my sails to always reach my destination." - Jimmy Dean Over the course of the first quarter, Standard and Poor’s lowered their forecast for 2015 earnings from $135 per share to $112 per share to $110 [...]Read More >

By Steve Blumenthal April 8, 2014 Included in this week’s Trade Signals: Cyclical Equity Market Trend: The Primary Trend Remains Bullish for Stocks Volume Demand Continues to Better Volume Supply: Bullish for Stocks Weekly Investor Sentiment Indicator: NDR Crowd Sentiment Poll: [...]Read More >

4/3/2015 @ 7:40PM Steve Blumenthal, Contributor An outstanding investment opportunity in high-yield bonds is growing closer. Let’s take a look at what you can do to identify the opportunity and act on it. High-yield junk bonds can be an attractive asset class but, as the name implies, investing in [...]Read More >

April 4, 2015 By Steve Blumenthal  “Deals are getting worse and worse for the investor, and they have been powerless to stop it. The only winners are issuers and their underwriters." - Martin Fridson I circle back to the high yield bond market frequently because I believe it will signal a coming [...]Read More >

By Steve Blumenthal April 1, 2014 Included in this week’s Trade Signals: Cyclical Equity Market Trend: The Primary Trend Remains Bullish for Stocks Volume Demand Continues to Better Volume Supply: Bullish for Stocks Weekly Investor Sentiment Indicator: NDR Crowd Sentiment Poll: [...]Read More >

March 27, 2015 By Steve Blumenthal "When you are inspired by some great purpose, some extraordinary project, all of your thoughts break their bonds. Your mind transcends limitations, your consciousness expands in every direction, and you find yourself in a new, great, wonderful world." "When you [...]Read More >

S&P 500 Index 2076 By Steve Blumenthal March 25, 2014 The Zweig Bond Model and our CMG Managed High Yield Bond Program have both switched back to “buy” signals. The overall equity market trend remains positive as measured by Big Mo (Momentum) and the 13/34- Week EMA. Sentiment is [...]Read More >

March 20, 2015 By Steve Blumenthal "The secret to my success is that I buy when everyone else is selling and I sell when everyone else is buying." - Sir John Templeton There were several charts that caught my eye this week.  The first is a chart that tells us the likely annual return for the [...]Read More >

S&P 500 Index 2101 By Steve Blumenthal March 18, 2014 A quick summary review of the charts provided below: The market’s trend evidence remains positive. Daily investor sentiment reached an extreme pessimism reading which is short-term bullish for stocks. The most recent correction may [...]Read More >

3/13/2015 @ 4:17PM Steve Blumenthal, Contributor We’ve gotten used to thinking of a zero interest rate as normal-—it’s far from normal.” -Fed Vice Chairman Stanley Fischer Employment figures continue to surpass analyst estimates and the trend over the last six months has been strong. Last [...]Read More >