Carson Group's Detrick: 'A mild recession could be a positive for stocks'

Ryan Detrick, chief market strategist for the Carson Group, says that while investors are suffering with the struggling market, he does not see a deep, protracted recession, and he says that investors who have priced in a much bigger downturn have created a buying opportunity that people may struggle to take advantage of because of the emotions of the downturn; he cites a number of data points that have him overweight to equities relative to fixed income now, which is a contrary position to many money managers now. Also on the show, Bob Pisani, senior markets correspondent for CNBC discusses his new book out today, "Shut Up and Keep Talking: Lessons on Life and Investing from the Floor of the New York Stock Exchange," and Nicholas Bohnsack, chief executive officer at Strategas Asset Management discusses "macro thematic opportunities" and the stocks that represent those opportunities now.