Market is seeing consolidation, says Pimco’s Crescenzi

Tony Crescenzi, Pimco market strategist, and John Rutledge, Safanad chief investment officer, join ‘Squawk on the Street’ to discuss the markets after the sell-off on Monday and rally in early markets on Tuesday. » Subscribe to CNBC: About CNBC: From ‘Wall Street’ to ‘Main Street’ to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more. Connect with CNBC News Online Get the latest news: Find CNBC News on Facebook: Follow CNBC News on Twitter: Follow CNBC News on Google+: Follow CNBC News on Instagram: #CNBC

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