An American investor and hedge fund manager Steve Cohen believes that returns in the US market will not be good for next two years. Cohen who also is a founder of Point72 Asset Management and S.A.C. Capital Advisors, has thereby added a big question mark about the US economy's growth going ahead. Currently, US markets are performing better when compared to international counterparts. Not only this, even US benchmark dollar index has beaten many top currencies including Indian rupee, in past few months by extraordinarily outperforming against them. 

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So far this year, the US benchmark  S&P 500 index has gained by 1% compared to nearly 11.5% decline witnessed in exchange-traded fund which are designed to measure  equity market performance outside US. 

However, the comments made by Cohen indicate that a bear market may be in the offing in the US. 

Generally, a bear market comes when a country's economy is taking a hit, recession is looming, corporate earnings are declining and stock prices are falling. During this situation, it is very difficult for an investor to book any profits. 

"The U.S. economy slowing and predicted a bear market is coming as early as 18 months from now," Cohen was quoted as saying by The Financial Times. 

He reportedly added, "I don't think returns over the next two years are going to be very good. If the market hangs in there, there's just going to be marginal returns."

Cohen's Point 72, since opening to outside investors, has managed to raise an around $5 billion fund.