REUTERS/Steve Marcus
- Billionaire hedge fund boss Steve Cohen doesn't expect a deep recession or a prolonged market downturn.
- He said a downturn could look like a "fake scare" that may surprise investors, but it will be brief.
- Cohen said his hedge fund, Point72, maintains a "pretty positive" outlook on the economy.
Steve Cohen, the billionaire chief of hedge fund Point72 and the owner of the New York Mets, has an upbeat outlook for the US economy and financial markets.
In comments shared Wednesday at a Robinhood Conference, per Fortune, he said a short-lived recession could hit the US before the end of this year. It could take the shape of a "fake scare" that briefly spooks investors but the repercussions won't last.