The S&P 500 hit a new all-time high, its first closing high in 42 sessions. Michael Burry, the investor famous for predicting the housing market crash and portrayed in « The Big Short, » maintains his bearish position on chips and warns that a 1987-style crash is possible. He acknowledges, however, that this new high could attract fresh capital into the market. Burry shared this analysis early Wednesday on X, echoing a post from his Substack newsletter.
Source: Read the original article
