CMG Capital Management Group CEO Steve Blumenthal picks 3 ETFs for 2016. Steve discusses NYSEARCA:IGV, NYSEARCA:OAPH, and NYSEARCA:DRR for the story 6 Best ETF Picks: Experts Favor U.S., Growth Stocks.
“Central bank activity will remain the key theme for the markets in 2016. Higher U.S. interest rates vs. lower-to-negative rates in many parts of the world favor the dollar.
“For now, the Federal Reserve is exiting quantitative easing (QE), while the European Central Bank, Japan and China are increasing stimulus. These actions affect currencies, global capital flow and financial markets.
“The U.S. equity market is expensively priced, with probable 10-year annualized forward returns in the 2% to 4% range; however, the bull market is likely to continue in 2016. We favor growth over value in the U.S. and high dividend payers in Asia. Our top U.S. sector pick is software and technology.”
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