Screenshot via Bloomberg TV
- Top economist David Rosenberg warned that US stocks are in for more pain this year – and rang the alarm on recession risks again.
- "The stock markets and the credit markets seem to think that they have more time than they can buy before the boom really gets lowered on the economy," he said.
- Rosenberg pointed out that the US economy is already facing an earnings recession that could jolt the stock market.
US stocks will feel the pinch from the delayed effect of the Federal Reserve's interest-rate hikes, and there's no escaping an economic downturn this year, according to David Rosenberg.