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Spitznagel sees S&P 500 topping 8,000 before an 80% plunge

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  • Mark Spitznagel predicts the S&P 500 will exceed 8,000 before falling 80%.
  • The index has gained roughly 16% since Spitznagel set the target in September 2025.
  • Kalshi prices a 65.4% chance of the S&P 500 reaching 8,000 before 2027.
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