00:00It's Benzinga bringing Wall Street to Main Street.
00:02Michael Burry warned that the stock market could be nearing a major peak and still face a 1987-style
00:07crash, even as the S&P 500 climbed to a record high, according to CNBC. In a Tuesday Substack
00:14post, Burry said new highs are likely to attract more money into the market while falling volatility
00:19encourages leveraged buying by systematic investors. He said he remains bearish on the
00:24artificial intelligence trade and continues to hold short positions in several companies
00:28and the iShares Semiconductor ETF. Burry said all of the positions remain profitable,
00:35except for his NVIDIA short. He added that he would cut losses if the trades turned decisively
00:40against him, but said he remains confident in his long-term outlook. For all things money,
00:45visit Benzinga.com.
Comments