A recession will happen in the next year or two, according to former OMB director David Stockman.
Not even a 20 percent rebound off the December low is changing David Stockman's bearish prognosis for the stock market.
"This is just day traders, chart monkeys, robo machines. This has nothing to do with rationality or investment analysis on any reasonable time basis," Stockman said Tuesday on CNBC's"Futures Now.""There's no Trump boom. We're near the end of this cycle. Recessions haven't been outlawed. It will happen in the next year or two.""We hit peak Trump and peak market at 2,940 on the S&P back in September.
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