The NASDAQ 100 (^NDX) is beginning to pull back Wednesday morning after record highs in the stock market. The tech sector, which has led the recent rally, is beginning to slow, with some on Wall Street expecting a correction. Ned Davis Research Group Chief US Strategist Ed Clissold joins Yahoo Finance to explain the pullback and how it may drive Fed policymaking.  Clissold signals the market's health: "It's an ongoing bull market. The concern right now is, 'Is the economy too strong for the Fed to cut rates?' That's actually a pretty good place to be. We think the Fed maybe will cut maybe a couple of times this year but, in fact, the market has done better when the Fed has cut slowly, up about 24% in the next year, that's not a forecast, just the average historically, versus 0.5% when the Fed has cut quickly, 5 or more times in a year, so this actually a pretty good place to be... If there's a pullback, that could be healthy for the long term, but big picture, things are in pretty good shape." For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Nicholas Jacobino

Read more --->