CMG Capital Management Group CEO Steve Blumenthal was interviewed by Cinthia Murphy of ETF.com at the Inside ETFs Conference in Hollywood, Florida. Here’s an excerpt of the story.
Price Momentum Key For Tactical ETF Investor
Oil has declined in a way no one saw coming. The trajectory of bond yields has surprised most for some time now. U.S. equity valuations are rich by most measures and suggest returns ahead will be muted at best. What’s an investor to do in an environment mired with curveballs?
Stephen Blumenthal, founder and CEO of CMG Capital Management Group, says going tactical is the only way to invest today, and that for a tactical investor, opportunities abound.
SB: “With oil, energy has not been in the leadership realm for some time. I had no idea oil would decline 50 percent; I don’t think anybody did. But what we did know was that it wasn’t the asset class to be in. There were better choices to be in that were exhibiting good performance and good leadership. REITs have been phenomenal. Utilities had a very good period. Consumer discretionary, although it hasn’t shown up yet at the top relative to our collection of assets, is doing OK.”
Read the rest of the story in ETF.com here.
Steve Blumenthal is CEO and CIO of CMG Capital Management Group. The objective behind all of Mr. Blumenthal’s work is to help advisors build better portfolios by allocating with a long term game plan that is risk sensitive and properly diversified. Mr. Blumenthal is a self-proclaimed “quant geek” with an analytical mind for the markets that helps him connect with everyday investors and industry experts alike.