'Big Short' Investor Michael Burry Bets $1.6 Billion On A Market Crash — Here Are 3 Investment Opportunities If You Want To Stay Away From Stocks
Portfolio Pulse from jing
Michael Burry's firm, Scion Asset Management, has placed a $1.6 billion bet against the U.S. stock market, with put options against ETFs SPDR S&P 500 ETF Trust (SPY) and Invesco QQQ Trust Series 1 (QQQ). The article also suggests alternative investment opportunities such as high-yield savings accounts, single-family rentals, and fine art.
August 25, 2023 | 6:30 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Michael Burry's firm has placed a significant bet against QQQ, indicating a belief in a potential downturn in the U.S. stock market.
Burry's firm has placed a large bet against QQQ, which tracks the Nasdaq-100. This suggests a belief in a potential downturn in the U.S. stock market, which could negatively impact the value of QQQ in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Michael Burry's firm has placed a significant bet against SPY, indicating a belief in a potential downturn in the U.S. stock market.
Burry's firm has placed a large bet against SPY, which tracks the S&P 500. This suggests a belief in a potential downturn in the U.S. stock market, which could negatively impact the value of SPY in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100