Kevin Mahn on Bloomberg: Fed is Scared, Will Cut Rates Further

Hennion & Walsh CIO Kevin Mahn says the ‘Fed is scared’ and 25 basis point reductions are now expected at each of the final two FOMC meetings of the year. He adds that he feels the US market is overvalued. He joins Vonnie Quinn on “Bloomberg Brief.” (Source: Bloomberg)

Click to watch the full video  on Bloomberg.

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Disclosure: Hennion & Walsh Asset Management currently has allocations within its managed money program and Hennion & Walsh currently has allocations within certain SmartTrust® Unit Investment Trusts (UITs) consistent with several of the portfolios management ideas for consideration discussed during this interview.