Watch CNBC's full interview with Allianz's Mohamed El-Erian

Mohamed El-Erian, Allianz and Gramercy advisor and president of Queens' College, Cambridge, joins CNBC's 'Squawk Box' to lay out his market outlook following the Labor Day holiday weekend. El-Erian explains why he believes the U.S. will outperform other economies, markets, and currencies "consistently." "The U.S. is in a much better place in terms of both resilience and agility," El-Erian tells CNBC.