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In This Issue
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| Gold Remains Bullish, Equity Valuations High |
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| Gold moved into a cyclical bull market environment in January and the trend remains bullish. I like gold for up to 10% of a total portfolio structure. Today let’s take a look at what the most recent equity market valuation data is telling us. We’ll look at one-to-three year, seven-year and 10-year forward time horizons. |
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| A Great First Half for Long Duration Bonds and High Yield |
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| Bonds, utilities and gold show the strongest relative price strength. The Zweig Bond signal is one of my favorite processes to identify when to shorten high-quality bond maturities and when to lengthen maturities. ETFs can be used to position into short-term exposure (e.g., on Sell signals: favor “BIL”) or long-term bond market exposure (e.g., on Buy signals: favor ETFs such as “TLT,” “LQD” and “AGG”). |
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| The Total Portfolio Solution Whitepaper examines CMG's Enhanced Modern Portfolio Theory (EMPT),which helps avoid the pitfalls of emotional decision-making in portfolio construction. |
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| #TweetsOfTheWeek |
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Follow CMG all week long for market insight and analysis. Re-tweets are not endorsements. For information only. Follow @askcmg and @SBlumenthalCMG. |
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