The Fed will only cut rates when it's panicking over a recession and a market crash, Black Swan investor says

• Investors should be wary of coming Fed rate cuts, Black Swan investor Mark Spitznagel warned.
• That's because the Fed is only cutting rates in response to a weakening economy, Spitznagel told Reuters last week.
• The US could see a recession and major stock crash before rates head lower, he predicted.

Rate cuts by the Federal Reserve may not be the boon investors are hoping for. That's because the Fed is only likely to ease monetary policy when the economy is slammed with a recession and the market is flailing, according to famous "Black Swan" investor Mark Spitznagel.