According to a report by Deep Tide TechFlow, billionaire investor Steve Cohen stated at the Sohn Investment Conference in New York that the United States has not yet entered a recession, but economic growth is significantly slowing down. He expects growth to drop to 1.5% or lower next year.
Cohen believes that the Federal Reserve will not immediately cut interest rates due to concerns about inflation from tariffs. He mentioned the unusual volatility 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 drops, the decline is expected to be between 10% and 15%, and it won't be catastrophic. He also stated that the U.S. stock market may remain in a sideways consolidation for some time.