'Black Swan' investor Mark Spitznagel says the crash of a lifetime is coming after one more 'euphoric rally'

Mark Spitznagel, founder of Universa Investments, predicts the AI-driven market rally will continue briefly before a historic crash occurs. His fund's bearish hedging strategy has allowed him to stay optimistic amid current market exuberance. He warns of excessive leverage and overconfidence as precursors to the impending downturn.