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.
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Wed, Oct 14 20205:00 PM EDT

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