Market Recap: Friday, January 15

Stocks dipped as traders considered details of President-elect Joe Biden’s newly unveiled stimulus proposal and weighed the likelihood of the package getting advanced quickly through Congress. COVID-19 concerns also flared anew as stay-in-place restrictions tightened across parts of Europe, and new data showed U.S. retail sales unexpectedly fell for a third straight month in December. Stifel Head of Institutional Equity Strategy Barry Bannister and Los Angeles Capital's Hal Reynolds break down the details.