”Careful what you wish for” warns Strategas’ Sohn on rate cut backdrop

While most analysts seem convinced the Federal Reserve will cut interest rates at its policy-setting meeting later this month, Allspring Global Investments’ Bryant VanCronkhite doesn’t think it’s a done deal. He tells CNBC’s Leslie Picker he thinks the market is overpricing the odds of a cut. Strategas Securities’ Todd Sohn joins the discussion, adding back-to-back rate cuts could signal bigger problems underneath the surface of the equity market.