Steve Cohen says tariffs and DOGE's cuts are negative for economy, market correction could be soon

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Billionaire predicts 'regime shift' after Trump policies prove to be 'negative for the economy'

One billionaire investor is predicting a sharp policy reversal from President Donald Trump's administration after his policies cause shock throughout the economy.CNBC reported Friday that Steve Cohen — the billionaire hedge fund manager who owns the New York Mets baseball team — is bearish on the economy in the wake of Trump's signature policies. He specifically mentioned Trump's mass deportations of undocumented immigrants, layoffs of thousands…

El Financiero

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U.S. growth is likely to slow down in the second half of the year due to the impact on the economy of tariffs, the tightening of migration laws, and government cost reduction efforts led by Elon Musk, said billionaire businessman Steve Cohen. Point72 Asset Management founder took a pessimistic tone when asked Friday about his prospects during the Future Investment Initiative Institute summit in Miami Beach.

CNBC

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Steve Cohen says tariffs and DOGE's cuts are negative for economy, market correction could be soon

Billionaire investor Steve Cohen doubled down on his negative view of the U.S. economy due to a backdrop of punitive tariffs, immigration crackdown and federal spending cuts spearheaded by the so-called Department of Government Efficiency.

Bloomberg

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Steve Cohen ‘Negative’ on US Economy, Citing Tariffs and DOGE

US growth is likely to slow in the second half of the year as tariffs, tighter immigration laws and government cost-cutting efforts led by Elon Musk weigh on the economy, billionaire Steve Cohen said.

Los Angeles Weekly Times

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Steve Cohen says tariffs, DOGE's cuts are negative for economy - Los Angeles Weekly Times

Steve Cohen, chairman and CEO of Point72, speaking to CNBC on April 3, 2024. CNBC Billionaire investor Steve Cohen doubled down on his negative view of the U.S. economy due to a backdrop of punitive tariffs, immigration crackdown and federal spending cuts spearheaded by the so-called Department of Government Efficiency. The chairman and CEO of hedge fund Point72 said he turned bearish for the first time in a while after President Donald Trump‘s…

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Steve Cohen says tariffs and DOGE’s cuts are negative for economy, market correction could be soon

Steve Cohen, chairman and CEO of Point72, speaking to CNBC on April 3, 2024. CNBC Billionaire investor Steve Cohen doubled down on his negative view of the U.S. economy due to a backdrop of punitive tariffs, immigration crackdown and federal spending cuts spearheaded by the so-called Department of Government Efficiency. The chairman and CEO of hedge fund Point72 said he turned bearish for the first time in a while after President Donald Trump‘s…