Cyclical sectors will outperform once the economy revives: Northwestern Mutual's Schutte

Ed Yardeni, Yardeni Research, and Brent Schutte, Northwestern Mutual chief investment strategist, join 'Squawk on the Street' to discuss the state of the markets and where they think it could be headed. The Fed has provided so much additional stimulus to the economy on the monetary side since March 23—that's when they adopted QE forever, Yardeni says. They decided the heck with the bazookas, let's go with the B-52 bombers. They didn't even bother with helicopter money, he adds.