AlphaOne Capital Partners founding partner Dan Niles spoke about where the market is headed from here on CNBC's "Squawk Box" on Friday.
Niles said stocks' rally this week was a classic bear market rally and that the market will soon retest its lows or create new lows. AlphaOneCapital's fund, which is now positive for the year, has added back short-positions, expecting stocks will go down again.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: