Billionaire investor Steve Cohen, worth $15.6 billion and owner of the New York Mets, expressed concerns about a potential significant market correction influenced by tariffs, cryptocurrency fluctuations, and immigration issues during a recent conference. Running Point72 Asset Management with over $172 billion in assets, Cohen emphasizes diversification in his investment strategy, with significant holdings in call and put options in the SPDR S&P 500 ETF. He argues that ongoing inflation, slow growth, and cost-cutting measures by the government could exacerbate market volatility over the next year.
Cohen's outlook on the current economic climate suggests a 'significant correction' is imminent due to tariffs, DOGE, and slowing immigration.
The uncertainty surrounding tariffs and their potential impact on the global economy indicate that taxes, including tariffs, should never be seen as positive.
Collection
[
|
...
]