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US stocks may surge another 20% before historic crash, says 'black swan' fund Universa

US stocks may surge another 20% before historic crash, says 'black swan' fund Universa

Market euphoria could carry U.S. stocks another 20% higher before giving way to a collapse on the scale of the 1929 crash that ushered in a global recession, according to tail-risk hedge fund Universa Investments.

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