Steve Blumenthal, CMG Capital Management Group CEO was a guest on FOX Business “Countdown to the Closing Bell,” with Liz Claman.
Steve discusses the possibility of a recession in the U.S., following the recession that appears to be happening globally. Indications are that returns on equities will be flat to minimal for the next 10 years, says Steve, due to the high valuations of stocks.
Watch the segment below or on FOX Business Where to allocate capital amid fears of recession. The segment is truncated, due to breaking news from The White House.