Billionaire Steve Cohen Warns of 45% Recession Risk, Stocks May Retest April Lows
Billionaire investor Steve Cohen issued a stark recession warning at the Sohn Investment Conference, predicting a 45% chance of economic downturn as market volatility escalates. The Point72 founder suggested equities could retest April lows amid growing instability, particularly following shifts in U.S.-China tariff policies.
Market turbulence appears to be intensifying as traditional finance faces headwinds. Such macroeconomic conditions historically drive capital toward alternative assets, with Bitcoin and ethereum often serving as hedges against equity market contractions.