On March 20, 2017, CMG CEO and CIO Steve Blumenthal appeared on Fox Business News’ “Countdown to the Closing Bell with Liz Claman.” Ashley Webster filled in for Liz Claman. Ashley pointed to Amazon and Google and the great moves they’ve had – a recent proof statement that all is well. We humans are herd beings. Steve’s suggestion was if you do nothing else, put a 200-day moving average stop-loss on everything you own. Here’s the clip:
The Trump rally has been amazing. The equity market trend remains bullish. Risk remains elevated as we sit at the second most expensively priced market in history and the Fed is raising, not lowering, interest rates. We’re cautious.