Stocks cheap to buy and hold through 2021: Matrix Asset Advisors CIO

David Katz, CIO of Matrix Asset Advisors, joins “Squawk Alley” to discuss the state of the markets as stocks recover from the coronavirus selloff.

The Dow Jones Industrial Average rallied on Thursday, wrapping up its best week in more than 80 years, after the Federal Reserve gave more details on how it will support the economy amid the coronavirus pandemic.

The Dow jumped 411 points, or 1.7%. The S&P 500 gained 1.9% while the Nasdaq Composite advanced 1.1%. The U.S. stock market will be closed Friday due to Good Friday. Stocks came off their highs after Democrats in Congress blocked a Republican effort for unanimous support for 0 billion in small-business aid.

Thursday’s gains put the major averages on pace for strong weekly gains. Dow was up more than 13% for the week, putting it on pace for its biggest weekly gain since 1938. The S&P 500 was up 12.8% week to date, on pace for its best week since 1974. The Nasdaq had gained 10.9% and was headed for its best weekly performance since 2008.

For access to live and exclusive video from CNBC subscribe to CNBC PRO:
https://cnb.cx/2JdMwO7

» Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision
» Subscribe to CNBC: https://cnb.cx/SubscribeCNBC
» Subscribe to CNBC Classic: https://cnb.cx/SubscribeCNBCclassic

Turn to CNBC TV for the latest stock market news and analysis. From market futures to live price updates CNBC is the leader in business news worldwide.

Connect with CNBC News Online
Get the latest news: http://www.cnbc.com/
Follow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBC
Follow CNBC News on Facebook: https://cnb.cx/LikeCNBC
Follow CNBC News on Twitter: https://cnb.cx/FollowCNBC
Follow CNBC News on Instagram: https://cnb.cx/InstagramCNBC

#CNBC
#CNBC TV
Video Rating: / 5