Banks are a value trap until yield steepens or vaccine is developed: Dan Niles
Dan Niles, Alpha One Partners, joins 'Closing Bell' to discuss the September sell-off, the market uncertainty and the future of bank stocks. This Nasdaq move down in three days was the fastest in history, says Niles. You have to be nimble. Another stimulus would be helpful, but with the passing of Justice Ruth Bader Ginsburg, I think you're back to both sides of Congress not willing to compromise. A new agreement could be good for five to ten percent to the upside, he adds.