US equities (^GSPC, ^DJI, ^IXIC) are trading lower on Tuesday afternoon as the tech-heavy indexes continue to experience a rotation out of Big Tech into smaller caps. Many investors are also awaiting the Wednesday conclusion of the Federal Reserve's two-day Federal Open Market Committee meeting.

Allianz Investment Management head ETF market strategist Johan Grahn joins Market Domination to give insight into the broader market as it awaits new signals from the Fed regarding rate cuts.

Speaking on the rotation, Grahn says, "It's priced in based on the expectation of the Fed starting to cut rates in September. So if it's a real rotation trade that you will see leading into these rate cuts, that's a bigger question. But whether this is going to be sustainable, it's all it's up to, Jerome Powell and the rest of the Fed members."

For more expert insight and the latest market action, click here to watch this full episode of Market Domination.

This post was written by Nicholas Jacobino