August 5, 2024 was a trying day for investors worldwide, as stock markets from Japan to the U.S. were whipsawed without much warning, leaving analysts and economists scrambling to provide answers. A weak jobs report that triggered a keyAs investors watched stocks plummet, the panic on Wall Street even led to calls for emergency rate cuts from veteran economists.
Spitznagel said prior to past market crashes—including in 2007 before the Global Financial Crisis, and 2000 before the dot-com bust—stocks have seen periods of increased volatility. Euphoric stock market runs often end with increasingly extreme swings in investor sentiment. We could be seeing that again today, and on an accelerated timeline, according to the hedge funder.
“I think if anybody shorts the market or is too under invested relative to their temperament, they're going to get squeezed in at a euphoric height that is probably still coming in the months ahead,” he said. Kirsten Dunst Surprises Fans At ‘Bring It On’ & ‘The Virgin Suicides’ 25th Anniversary Double Feature
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