CMG Tactical Investing Approach
CMG Tactical Strategy Update
Archives for September 2015
Blumenthal at ETF Boot Camp
Join CMG Capital Management Group CEO Steve Blumenthal at the 2nd Annual ETF Boot Camp in New York this week, September 24 – 25. Steve will be moderating a panel Choosing an Index Provider: September 24th , 11:15am – 12:05pm.
Morningstar ETF Strategist Webinar
Navigating the Current Macroeconomics Environment Using Global All-Asset Strategies |
Despite the uncertainty in global markets putting a cloud over many investors, global all-asset strategies have risen to the top and now make up the largest group of ETF managed portfolio strategies.
Own Longer-Dated Bond ETFs
Own longer-dated bond ETFs Steve Blumenthal says in his latest ETF STRATEGIST CORNER article for ETF.com, An excerpt:“Advisors manage portfolios to achieve a desired result within a specific time frame. Equity exposure over a market cycle remains an important part of the portfolio equation. Real life tells us that, for many investors, waiting out a full market cycle becomes more challenging as retirement nears.
“BlackRock estimates that nearly 75 percent of investable assets in the U.S. will be in the hands of preretirees and retirees by 2020. Needs shift in retirement from growth to income. That’s a lot of money that lacks the time needed to overcome a significant equity market decline.
“That’s a tall order for the retiree with fixed-income yields at just 2.22 percent—today’s [Sept. 10, 2015] 10-year Treasury yield. Portfolios need to provide income and outpace inflation.
See the full story in ETF.com Own Longer-Dated Bond ETFs by Steve Blumenthal.
Gold Still in Cyclical Bear Market
By Steve Blumenthal, CEO, CMG Capital Management Group
A quick look at gold. Gold remains in a cyclical bear market. I favor using a 13-week moving average vs. a 34-week moving average to identify trends.
Note on the following chart that the 13-week price average remains below the 34-week moving average. The yellow area marks the current level of price support with significant support at 100.44 (the April 2008 high). That high was broken in late 2009 making it now a major price support level. My view is that it holds but that is just a guess based on technical factors. We’ll see.
Beware The Bear – Blumenthal in Forbes
CMG Capital Management Group CEO writes about strategies for this new volatile market in his latest Forbes article titled Welcome To The Opening Round Of The New Bear Market. Some excerpts from the piece:
“My view: it’s time to “sell the rallies” or use rallies as an opportunity to hedge. The fundamental evidence (valuations, growth, profit margins) and the technical evidence both look weak. From a technical perspective, this jolt to the equity market is the first shock and marks the beginning of a new cyclical bear market.