Market is betting on clarity and an early resolution: Schroders senior advisor

Brian Jacobsen, Wells Fargo Asset Management multi-asset strategist, and Ron Insana, Schroders North America senior advisor, join 'Power Lunch' to discuss if the resilient consumer could be what pushes the market higher, the industrials sector and the state of the U.S. economy. We've been overweight industrials because we like prices and pro-cyclicality, says Jacobsen. We are optimistic about the economic outlook and that is an area where we are overweight, he adds.
08:24
Fri, Oct 16 20202:38 PM EDT

watch now
VIDEO07:06
CNBC ProSoFi CEO on investing patterns, crypto assets and plans to offer a new credit card
watch now
VIDEO08:43
CNBC ProUPS CEO on strategies to improve customer experience, returns on investments
watch now
VIDEO04:49
CNBC ProMarkets are tired and just need a rest, expect the churn to continue: Nuveen's Bob Doll
watch now
VIDEO06:36
CNBC ProThe length of the sell-off matters as much as the extent of the sell-off: Mohamed El-Erian
watch now
VIDEO05:15
CNBC ProRebound in stocks has been narrow, next leg will be driven by laggards: Laura Kane