Tactical investing is about planning to accomplish a purpose, says Steve Blumenthal, CEO of CMG Capital Management Group during a recent interview on theStreet.
“We speak and work with hundreds of financial advisors,” Steve tells Gregg Greenberg in theStreet’s Wall Street studio. He explains CMG’s tactical investing strategies, and the framework of the CMG Global Equity Fund (GEFAX). You certainly want to have long equity exposure, but you want to hedge in these uncertain times, says Steve. “Japanese Yen still a clear short,” Steve says, and he mentions a Pro Shares ETF that can used to accomplish that strategy.