Travel stocks are 'very vulnerable to a sell-off' heading into Thanksgiving, trader warns

Expedia data released before the CDC's announcement showed 60% of U.S. consumers said they would not be traveling for Thanksgiving. Those who will travel will go an average of 250 miles away from home, down from 450 miles a year ago, the data revealed.

"The market is discounting an absolutely perfect scenario that hasn't even occurred yet, which is the idea that a vaccine is going to immunize everybody and we're all going to go back to travel," Schlossberg said Friday on CNBC's"Between now and then, all of these companies are going to have a very, very hard time surviving and actually making any profits," he said.

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