There's some encouraging signs to investors on the economy: KKR's Henry McVey

Henry McVey, head of global macro and asset allocation at KKR, joins 'Closing Bell' to talk about why he's positive on the S&P homebuilders and housing. He also talks about the overall economic recovery. In the near term, the bigger risk is deflation, not inflation. The Fed is very focused on that, says McVey. That's why they changed their policy. At KKR, we refer to this as the square root recovery. We had a big jump up, and then more modest growth. And that's what we're seeing, he adds.
Wed, Oct 14 20205:00 PM EDT

watch now
CNBC ProMattel CEO talks Q3 earnings beat, says demand is 'more than we expected'
watch now
CNBC ProEnergy industry will go up regardless of who wins the presidency: Morgan Stanley's Jim LaCamp
watch now
CNBC ProHere's what business leaders are watching, according to a PWC survey
watch now
CNBC ProWatch CNBC's full interview with Intel CEO Bob Swan
watch now
CNBC ProWhy analysts are leaning toward names that have been beaten up during the recovery