Steve Cohen, billionaire hedge fund manager and owner of the New York Mets, expressed concerns over the slowing growth of the US economy. He connected this expected downturn to factors such as tariff concerns, stricter immigration policies, and Elon Musk’s austerity initiatives. Cohen warned of potential economic hardships, including persistent inflation and a brewing trade war, predicting a significant correction in the market. He noted the sluggish pace of US business activity as a troubling sign and emphasized that escalating tariffs could lead to retaliatory measures from trading partners.
Tariffs cannot be positive. It's a tax. And you can imagine tit-for-tat if the US implements a tax on somebody, they're going to perhaps raise the stakes and raise their tax back.
I'm actually pretty negative for the first time in a while. It may only last a year or so, but it's definitely a period where I think the best gains have been had and wouldn't surprise me to see a significant correction.
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