Heard on the Street: Fund manager Mark Spitznagel, who earned a fortune when stocks cratered in 2008 and 2020, has some surprising advice for investors
Fund manager Mark Spitznagel, who earned a fortune when stocks cratered in 2008 and 2020, has some surprising advice for investors
A look at the markets shows asset managers are moving money around in ways that suggest they see a recession coming. WSJ’s Dion Rabouin explains what to look for and why they tell us investors are increasingly pricing in a recession. Illustration: David FangJerome Powell and the Federal Reserve might be in the process of driving the stock market over a cliff byThat is one potential scenario envisioned by fund manager Mark Spitznagel, who actually thinks the Fed will blink soon on rate increases.
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