CMG was recently mentioned by Leslie Josephs in the Wall Street Journal blog titled, “Stocks, Oil Falling Hard, Again.” See excerpt below.
“Concerns about China’s slowing economy may be top of mind for investors, but issues plaguing US companies have a role. Wal-Mart, which sources some goods from China, is planning to close 2% of its stores while suppliers of smartphone components in Asia have warned about a demand slowdown.
“It’s all interconnected,” says Steve Blumenthal, CEO of CMG Capital. “From Wal-Mart to the supply chain [of] Apple, it’s a signal that we’re likely at the end of this growth cycle and headed into a recession.”
Wal-Mart falls 1.2%, while Apple’s off 3.4%. S&P 500 is down 2.4%.”
Click here to view the blog.