Billionaire Investor Who Predicted 2000, 2008 Crashes Says Market Euphoria Will Top Soon, Warns Of 'Black Swan Event'
Portfolio Pulse from Aaron Bry
Mark Spitznagel, co-founder of Universa Investments, warns of a potential market downturn despite recent highs, predicting a 'black swan event' and stagflation. He suggests hedging against market volatility using put options on broad-exposure ETFs like SPDR S&P 500 ETF Trust (SPY).
October 01, 2024 | 10:34 pm
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Mark Spitznagel suggests using put options on SPDR S&P 500 ETF Trust (SPY) to hedge against potential market downturns and volatility.
Spitznagel's warning of a market downturn and his recommendation to use put options on SPY suggests a negative short-term outlook for the ETF. His track record and focus on tail-risk hedging lend credibility to his predictions.
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