Zero Fed Rate Hikes Baked Into S&P Forecast, Says Wells Fargo's Cronk

Darrell Cronk, Wells Fargo Wealth and Investment Management CIO, says zero interest rate hikes by the Federal Reserve are baked into their forecast that says the S&P 500 will reach 7,900 by the end of this year. He says markets are not in a selloff, he says this is a "rotation within equities." He speaks on "Bloomberg Surveillance."