CMG Capital Management Group CEO Steve Blumenthal spoke to Cinthia Murphy at ETF.com about the state of high yield bonds. Excerpt from the story:
From a technical—and more tactical—perspective, high-yield bond ETFs could prove to be a great short-term opportunity, but not a long-term one, says Steve Blumenthal of CMG Capital Management Group.
“A simple smoothed moving average can tell us a lot about both the short-term and the longer-term trends in high yield: It’s a short-term buy for now, but trading it with stops in place for the overall longer-term trend picture remains less favorable,” Blumenthal said.
See the full story in ETF.com: Is It Time To Buy High Yield ETFs Again?