Billionaire Investor Steve Cohen Forecasts Brief Recession Before 2024 Stock Market Rebound
-
Billionaire Steve Cohen predicts a short recession before a stock market rally in 2024.
-
Cohen believes a downturn could look like a "fake scare" that briefly worries investors.
-
His hedge fund Point72 maintains a "pretty positive" economic outlook.
-
Cohen expects 3-5% stock growth in 2024, potentially spurring higher interest rates.
-
Meanwhile, Fed officials remain divided on monetary policy with inflation still high.