Part 2/10:
One perspective gaining traction comes from influential market thinkers like Steven Cohen. While he refrains from proclaiming an impending market collapse, he acknowledges significant concerns that could stir volatility. There are troubling indicators, including rising tariffs, declining immigration, and a marked slowdown in growth predictions, with expectations shifting from 2.12% to a more conservative range of 1 to 1.5%.
Cohen reflects a notable pivot in sentiment; for the first time in years, he finds himself aligning with a more pessimistic outlook on market performance. The prevailing view among experts suggests that the most substantial market gains have likely been realized, leading to an anticipation of a significant correction.