KBW CEO Thomas Michaud on the economic recovery and outlook

Thomas Michaud, CEO of KBW, a Stifel company, joins "Squawk on the Street" to discuss the economic recovery and the outlook of the economy going forward. We use a statistical tool that's a little more real-time, but it doesn't include stimulus, says Michaud. In my opinion, the market is over-discounting the valuations of financials and the uncertainty gap is too wide. And in this quarter we're going to get information that will make investors feel better about these companies.
06:55
Fri, Oct 9 202012:08 PM EDT

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