A sharp stock market pullback is imminent, according to David Rosenberg, chief economist and strategist at Gluskin Sheff.
On Friday, stocks were hammered by fears the Federal Reserve might hike rates sooner than expected, sending the S&P 500 index (INDEX: .SPX) and the Dow Jones industrial average (Dow Jones Global Indexes: .DJI) into a tailspin. According to Rosenberg, there's more trouble ahead.