An eventual rise in interest rates could "take some of the exuberance out of certain markets,” he said.
Amid pent-up demand, economies could come roaring back in the second half of this year.
Cohen points to wide gaps in valuations within the stock market.
There aren't enough tests to go around, yet sports leagues are consuming thousands of tests in reopening efforts.
The Swiss bank employs just short of 70,000 people in 50 countries.
These and other Wall Street leaders share their view on the perils ahead in 2020.
A recession is not in the cards, says incoming ECB President Christine Lagarde.
Too much negativity was priced into the market by investors late last year, he said.
The former Barclays CEO says central banks are ill equipped to defend the economy if another crash hits.
Credit Suisse was among the few banks to increase its bonus pool for last year.