Treasury Secretary Steven Mnuchin advised CNBC on Friday the market sell-off shall be short-lived and appears like a compelling alternative for traders trying to purchase equities at a reduction.

"It is a short-term difficulty. It could be a few months however we will get by way of this and the financial system shall be stronger than ever," the secretary stated on "Squawk on the Road."

"I look again at individuals who purchased shares after the crash in 1987, individuals who purchased shares after the monetary disaster. For long-term traders, this shall be an important funding alternative."

The Treasury secretary's feedback got here simply forward of the market's open after the worst day on Wall Road since 1987. The Dow Jones Industrial Common and the S&P 500 suffered their worst one-day hits in additional than 30 years on Thursday as investor sentiment over the coronavirus pandemic deteriorated from uncertainty to panic. 

Each main U.S. inventory indexes ended their historic, 11-year bull market runs this week and are greater than 20%...