Billionaire Steve Cohen Predicts Brief 'Fake Scare' Recession in 2022, Expects Stock Market Rebound in 2023

Billionaire Steve Cohen predicts a short, "fake scare" recession in 2022 followed by a stock market rebound in early 2023.

Cohen says economic growth will jump next year, with equity markets rallying 3-5%.

Cohen is more optimistic than some other billionaires like Paul Singer and Paul Tudor Jones who foresee a recession.

Cohen says AI is not yet "alpha-producing" for his hedge fund Point72 but he is confident it will create value.

Cohen says 60% of Point72's assets are in human-run equity bets, 20% in computer-run wagers, with a small macro business.