The founder of Black Swan Fund warns that the S&P 500 may experience a sharp reversal after skyrocketing to 8000 points

Mark Spitznager, founder of Universa Investments, said that the upward trend of the US stock market may continue, and the S&P 500 index may rise to 8000 points or even higher, but then there may be a sharp reversal. He pointed out that the current market is in the "blonde girl range", and the stock market is driven up by factors such as inflation and interest rate decline, economic slowdown but not excessive slowdown. However, he warned that "the largest foam in human history" had entered the final stage, and worried that the long-term maintenance of the current interest rate level by the Federal Reserve might lead to difficulties in corporate financing. He believes that the lagging effect of monetary policy will exacerbate economic deterioration, ultimately leading to a rapid decline in the stock market.