After commentary from Federal Reserve leadership last week, the market seems more confident in an interest rate cut in September. Debate as to how many rate cuts and at what pace have begun to arise on Wall Street as investors try to acclimate to a potential new, lower-rate environment. In addition, investors patiently await Nvidia's (NVDA) upcoming earnings which could also potentially throw a wrench into predictions.

CFRA Research chief investment strategist Sam Stovall joins Market Domination to give insight into Nvidia's upcoming earnings, the Fed, and what rate cuts could look like moving forward.

Stovall doesn't think the Fed is behind the curve. When it comes to cuts, he thinks the central bank will cut by 25 basis points "mainly because they want to make sure that the inflation campfire has been fully extinguished before they, in a sense, feel that the mission has been accomplished. So 25 basis point cuts in September, November, December, four more in 2025, and maybe additional ones in '26 as need be."

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