Steve Cohen said Wednesday that he believes stocks could potentially regain a low from April following a dramatic market revival. “I’m not expecting, you know, a big drop. I think this can go back to a 10%, 15% low. [from here] The founder of Point 72 said at the Son Investment Conference in New York. “What Trump has done recently actually raises the floor and eliminates a disastrous scenario. Last month, stocks repeated the most severe tariffs in most countries, but… I think… we’re probably like a 45% chance of a recession,” Cohen said. So, when you add up the tariffs, I think it’s almost inevitable if you add up the 10% rate, sectoral tariffs and what happens in China. ”
