Benefiting from the wave of interest rate cuts by the world's major central banks, U.S. stocks continue to hit record highs. U.S. stocks, currency markets, and gold have all performed well recently. However, Mark Spitznagel, founder of the well-known black swan fund Universa, warned on Thursday that due to the economic slowdown, U.S. stocks and cryptocurrency , gold may crash before the end of the year. (Preliminary summary: The founder of Black Swan warned: "The biggest bubble in history" is about to burst, and the U.S. stock market will directly halve after the Fed cuts interest rates) (Background supplement: Stable! U.S. GDP grew by 3%, exceeding expectations, and the number of people claiming unemployment benefits hit 4 The lowest in the month, Yellen: Suitable for further interest rate cuts) The Federal Reserve finally launched the first wave of interest rate cuts in four years in September, cutting interest rates by 2% in one breath. Coupled with the recent stable U.S. economic data, concerns about economic recession have gradually subsided, and China has unexpectedly launched another Global stock markets have generally surged recently due to large-scale stimulus measures, and U.S. stocks have hit record highs many times after interest rate cuts. At the same time, the cryptocurrency market has also recovered significantly. Bitcoin successfully exceeded US$65,000 last night and continued to approach the downward trend line that has not been broken in half a year. At the US$2,700 per ounce mark, it has increased by more than US$600 this year, the largest annual increase in history. Extended reading: Bitcoin breaks through $65,000, where to go next? U.S. GDP growth exceeds expectations, initial jobless claims decline, is global market flash crash imminent? However, Mark Spitznagel, founder of Universa, a well-known black swan fund, said in an exclusive interview with Bloomberg on Thursday that as the stock market hits record highs, traders are increasingly confident of a soft landing for the economy, but investors should remain wary of secondary effects. Mark Spitznagel pointed out that even if the Federal Reserve cuts interest rates, an economic slowdown may cause a sudden market collapse. He predicts that global markets will collapse before the end of this year, which may be caused by an economic slowdown: When the yield curve inverts , then reverses again, and the bell begins to ring, that is when we enter the territory of the black swan. Black swans are always lurking, but now we have entered their territory. Driven by the resilience of corporate profits, the Fed's interest rate cut cycle and expectations that the U.S. economy will avoid recession, the S&P 500 has hit 42 record highs in 2024, but Mark Spitznagel warned that the Fed's lower borrowing costs should Investors are worried, and they should think more about what the stock price will do next year. Looking at the future direction of the market, Mark Spitznagel predicts that gold will fall, cryptocurrencies will fall along with risk assets, bonds may be a safe haven, and volatility will increase in the coming months. He once warned that U.S. stocks would halve after the interest rate cut. In fact, Mark Spitznagel warned in July this year that U.S. stocks were already in the "biggest bubble in human history" and would usher in the last carnival. Once the Fed cuts interest rates, the market trend may reverse and massive selling will occur. Pressure will follow, and most of the value of the U.S. stock market will evaporate. Mark Spitznagel, the former chief trader under "Black Swan" author Nassim Nicholas Taleb, has accomplished some amazing things since founding Universa in 2008, including making $1 billion in one day. Mark Spitznagel's trading strategy usually loses money almost every day, because he uses complex strategies that can only make catastrophic fortunes during periods of severe volatility, such as the 2008 financial tsunami, the 2015 flash crash, and the 2020 new coronavirus pneumonia epidemic causing a stock market crash. This is enough Let his trading performance beat the traditional investment portfolio of six stocks and four bonds. Related reports: The U.S. bond market predicts that inflation will rise again. Is the Federal Reserve setting a time bomb by aggressively cutting interest rates? The Fed opens the door to cutting interest rates. How should cryptocurrencies, stocks, bonds, and other assets adjust? WSJ warns: Lehman Brothers may repeat itself, and the Federal Reserve’s interest rate cuts cannot save us. 〈Black Swan Fund warns: U.S. stocks, cryptocurrencies, and gold will “flash crash before the end of the year.” Is a major market change coming? 〉This article was first published in DongZu BlockTempo "DongZu DongTen - the most influential blockchain news media".