Black swan hedge fund says Fed rate cuts will signal market crash

- Universa, a tail-risk hedge fund, warns that lower Fed interest rates could signal a market crash - Founder Mark Spitznagel believes Fed rate cuts would happen in a recession, causing panic in the market - Funds like Universa use derivatives to profit from market dislocations - Spitznagel is skeptical that the US economy can continue growth with higher interest rates, predicting a credit bubble burst - Fed has raised rates by 525 points, but excesses from loose monetary policy since 2008 crisis remain - Investors should take advantage of the current environment, but Spitznagel expects more positive sentiment before a crash