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Rosenberg Sees U.S. Recession in 12 Months, Says S&P 500 Has Peaked

  • Cycles die ‘because the Fed puts a bullet in its forehead’
  • Rising wages, trade wars will lead to higher inflation
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The January high in the S&P 500 will prove to be the peak of the bull market and a U.S. recession may start in the next 12 months, said David Rosenberg, chief economist and strategist at Gluskin Sheff & Associates Inc.

“Cycles die, and you know how they die?” Rosenberg told the Inside ETFs Canada conference in Montreal on Thursday. “Because the Fed puts a bullet in its forehead.”