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The stock market’s euphoria-driven record highs are at risk of a painful downturn, ‘Black Swan’ investor says

Bloomberg TV Stocks have hit records highs this year as they’ve entered “Goldilocks zone,” Mark Spitznagel says. He says investors are overly confident amid immediate positive catalysts like rate cuts and disinflation. Spitznagel thinks they should focus instead on lagging drivers that could spur a sharp stock downturn. “Black Swan” …

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