Strategist Bill Smead on how he's picking stocks in a complex market
The market has come a long way since the March lows. The Dow and S&P 500 are up about 35%. The Nasdaq has rallied 45%, but picking stocks in this complex market can be tricky. Bill Smead, CIO of Smead Capital Management, and Mike Santoli, CNBC's senior markets commentator, join "Squawk Box" to discuss how he's approaching the market.