Investors should not expect much more than two more years of "above-trend growth" in the U.S. economy, Citi Private Bank Global Chief Strategist Steven Wieting told CNBC on Monday.
"I hear more and more that this is going to be an endless bull market that there are no cyclical downturns," he said in a "Squawk Box" interview. "I think the evidence we've had this year is that, in fact, we have a finite recovery."
Wieting predicted that the next U.S. recession will happen before the "decade is out."
"I don't have a problem with the equity market level per se, but the amount of confidence that we're in a smooth path has been a problem," he said, pointing to three international hot spots—Iraq, Ukraine, Gaza—as wildcards.