2 Question Tuesday – 03/04/2025 – Billionaire Steve Cohen Expects a Correction, Do You Agree with Him? Why Has the Market Given Up All Its Gains for the Year?
Welcome to 2 Question Tuesday. This week’s questions are:
- Billionaire Steve Cohen expects a correction, do you agree with him?
- Why has the market given up all its gains for the year?
Phil, Mike, and Larry talk about billionaire investor Steve Cohen, the head of the Point72 hedge fund. He said punitive tariffs, a crackdown on immigration, and cuts in federal spending, will have a negative effect on the economy. He predicts U.S. economic growth will slow to 1.5% and that the market could see a correction. They then discuss why the market gave up all of this year’s gains and what do they see moving forward.
Here is a link to Focused Wealth Management’s Firm, Market, and Economic Update 2024. We highly encourage you to check it out. It’s great stuff!
Submit your questions to question@2questiontuesday.com
As always, if you have any questions at any time, please feel free to call your adviser directly at (845) 691-4035.