August’s stock market fiasco is a 'stark red flag' for what’s to come, veteran hedge funder warns
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August 5, 2024, saw global stock market turmoil, attributed to a weak jobs report and changes in central bank policies; Mark Spitznagel, president of Universa Investments, described the event as 'amateur hour' and a 'stark red flag'; he warns of nearing the peak of the largest stock market bubble in history, comparing it to volatility before past crashes in 2000 and 2007; Spitznagel believes the Federal Reserve's prolonged low interest rates have created a fragile economy; he advises patience for retail investors and cautions against betting against the market; he predicts significant market corrections could occur soon.

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https://fortune.com/2024/08/18/august-stock-market-fiasco-stark-red-flag-mark-spitznagel-black-swan-hedge-funder/