You're looking at a choppy market for at least 12 months, says Stifel's Barry Bannister

Tracie McMillion, head of global asset allocation strategy at Wells Fargo Investment Institute, and Barry Bannister, chief equity strategist at Stifel, join 'Squawk on the Street' to discuss if McMillion is excited about equities right now, Bannister's thoughts on Tuesday's midterm elections and if equities will take their cue from the bond market.