In the middle of 2021, Michael Burry made a bet that the US bond market would go down, and over the following year it fell over 30%.
At the time, this trade didn’t really get much media attention because ultimately we don’t actually know how much money he made on it, if anything at all.
But the details don’t really matter, because he was right, the bond market did fall… alot
So it caught my attention when I saw this morning that Burry had made a bet against the US Stock Market
What confused me is that no one reporting on it seems to actually understand why he made this bet
When in fact it’s actually kind of obvious if you know which place to look.
So let me paint a picture of how the man famous for predicting the housing collapse, is now betting on the collapse of the entire stock market
And the May 18th report by S&P Global which shows us why he might be right.
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