According to Deep Tide TechFlow reports, billionaire investor Steve Cohen stated at the Sohn Investment Conference in New York that the U.S. has not yet entered a recession, but economic growth has significantly slowed. He expects growth to drop to 1.5% or lower next year.
Cohen believes the Federal Reserve will not immediately cut interest rates, as they are concerned about inflation caused by tariffs. He mentioned the unusual fluctuations in the stock market in April and is closely watching the market's reaction after the next round of economic data. Even if the market declines, the drop is expected to be between 10% and 15%, which will not be catastrophic. He also stated that the U.S. stock market may remain in a sideways consolidation for a period of time.