Hedge fund legend Mark Spitznagel thinks US stocks could before an '80% crash’ How to protect yourself while you can

Core Viewpoint - Mark Spitznagel, founder and chief investment officer of Universa Investments, predicts an "80% crash" in the market, but believes it will occur after a significant rally, suggesting that the market is currently in the middle of this rally [2][3]. Group 1: Market Predictions - Spitznagel anticipates a potential 20% gain for the S&P 500 index before the expected crash [2]. - He attributes the current economic stability to ultra-loose monetary policy and suggests that the full impact of the pandemic has yet to be felt [3]. Group 2: Company Performance - Universa Investments has a history of protecting against "black swan" events, achieving an average return on capital exceeding 100% since 2007 [3]. - The company notably achieved a remarkable 4,144% return early in the pandemic due to market disruptions [4]. Group 3: Industry Sentiment - A Goldman Sachs survey indicates that 52% of U.S. insurance professionals see inflation as a significant financial risk, while 48% foresee a potential slowdown or recession by year-end [5]. - Wealth manager Josh Brown expresses concerns that the AI bubble could lead to a market crash, although the timing of such an event remains uncertain [6].