Don't be fooled by strong economic growth. A recession could still be right around the corner.

• Raymond James expects a recession to hit the US economy within the next nine months.
• The investment firm said it wouldn't be a surprise if the economy showed strong growth right before a recession started.
• "In the last 12 recessions, the quarter before the economy went into a recession, growth was positive and robust."

Investors shouldn't be fooled by strong GDP growth in the next quarter or two, as an economic recession could still be right around the corner.

That's based on the fact that prior recessions saw solid economic growth in the quarter right before the recession started, according to data from Raymond James.