The stock market has runway to continue its rally until April - and then investors should expect to feel the pain of weak corporate earnings, veteran strategist says

• Stocks will continue their rally until April - and then start feeling the pain of weak corporate earnings, Joe Terranova said.
• The veteran market strategist warned of the lagged effect of Fed rate hikes. 
• "The first half of the year will be better than the second half of the year," he warned in an interview with CNBC.

The stock market has enough runway to continue its impressive rally until April, at which point investors should be ready to feel the pain of weak corporate earnings, Virtus' Joe Terranova said this week.