Phil, Mike, and Larry talk about billionaire investor Steve Cohen, the head of the Point72 hedge fund. He said punitive tariffs, a crackdown on immigration, and cuts in federal spending, will have a negative effect on the economy. He predicts U.S. economic growth will slow to 1.5% and that the market could see a correction. They then discuss why the market gave up all of this year’s gains and what do they see moving forward.

Here is a link to Focused Wealth Management's Firm, Market, and Economic Update 2024. We highly encourage you to check it out. It’s great stuff!

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