Steve cohen says tarifs and dog’s cuts are negative for economy, market correction also

Billionaire Investor Steve Cohen Doubled Down on his Negative View of the us economy due to a backdrop of punctive tariffs, immigration crackdown and federal Spend 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 AGGRESSIVE TRADE Policy Made Policy Made HIM WORRY AbOT inflation Presuces and Lower Consumer Spending. Meanwhile, his tough stance on immigration could mean a constrained supply of labor, he said.

“Tariffs cannot be positive, okay? I mean, it’s a tax,” cohen said friday at the Fii Priority Summit in Miami Beach, Fla. “On top of that, we have slowing immigration, which means the labor force will not grow as rapidly as … the last five years and so.”

The prominent Hedge Fund Investor Took a Stab at Doge’s Cost-Cutting Moves LED by Elon Musk, Saying they could only hurt the economy more. Musk has said his goal is to Cut federal spending by $ 2 trillion,

“When that money has been coursing through the economy over many years, and now, potentially it will be reduced or stopped in many ways, have got to be negative for the Economy,” COHEN SAID.

Cohen believes a pullback in the stock market be likely given the uncertain macroeconomic environment. He sees the US economy growth to 1.5% from 2.5% in the second half of the year.

“I think we’re see the regime shift a little bit. It may only last a year or so, but it’s definite a period where I think the best Gains have ben had Correction, “Cohen said. “I don’t think it’s going to be a disaster.”