Billionaire Investor Who Predicted 2000, 2008 Crashes Says Market Euphoria Will Top Soon, Warns Of 'Black Swan Event' - SPDR S&P 500 (ARCA:SPY) - Tellbrief.com

Billionaire Investor Who Predicted 2000, 2008 Crashes Says Market Euphoria Will Top Soon, Warns Of 'Black Swan Event' - SPDR S&P 500 (ARCA:SPY)

After a crash last month, the market surged to new highs, but Spitznagel warns this euphoria won't last in an interview with Bloomberg. Buying puts on the overall market through the SPDR S&P 500 ETF Trust SPY or similar broad-exposure ETFs could be a way to protect against market volatility.

With the recent “uninversion” of the yield curve, Spitznagel feels the market is now in "black swan territory." What Is A Black Swan Event: A black swan event is an unpredictable event that leads to market volatility.

The COVID-19 market crash is a recent example of a black swan event...

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