Blumenthal on the Fed and Tactical Investing

Steve Blumenthal, CEO, CMG Capital Management Group, on WSJ LiveSteve Blumenthal, CMG Capital Management Group CEO, joined Markets Hub at the WSJ Live to talk about the Fed and tactical investment strategies. See video below or on WSJ Live: Markets Ask: Will the Fed Pull it Off?.

CMG Capital Management Group has approximately $432 million AUM in tactically managed accounts for individuals and advisors.  CMG investment strategies are also available in a Variable Annuity through Jefferson National.

Excerpt from Steve’s comments:

It’s better to have a very large core allocation to tactical trading strategies that can trade up trends and down trends that aren’t focused on a long directional bias. The long directional bias around the corner is another 20 – 30% correction. I’m not sure when that’s going to be. You don’t want to fight the Fed, but at some point the unwind behind this is very troublesome, and the interest rate and inflation pressures are stealing from retirees portfolios.

Have targeted bets but have a large core that has the flexibility to be defensive and to trade in different directions.