‘Big Short’ Michael Burry takes a victory lap after calling the tech-led market correction

  • 📰 CNBC
  • ⏱ Reading Time:
  • 26 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 72%

日本 ニュース ニュース

日本 最新ニュース,日本 見出し

Michael Burry, best known for calling the subprime mortgage crisis, added a new notch in his belt by predicting the latest market correction.

Michael Burry, best known for calling 2008's subprime mortgage crisis, just added a new notch in his belt by predicting the latest market correction led by tech stocks. The California-based investor, who now runs his hedge fund Scion Asset Management, had amassed massive bets against the stock market in the second quarter. At the end of June, he owned 20,000 put contracts, with unknown value, strike price, or expiry, against SPDR S & P 500 ETF Trust , with a value of $886.6 million.

emailed the famously reclusive Burry for comment. He didn't respond immediately. Burry shot to fame by betting against mortgage securities before the 2008 crisis. Burry was depicted in Michael Lewis' book "The Big Short" and the subsequent Oscar-winning movie of the same name. While it's been 15 years since Burry's home-run success betting against the housing bubble, investors still tend to hang on every word he says on X, where he has accumulated 1.4 million followers.

このニュースをすぐに読めるように要約しました。ニュースに興味がある場合は、ここで全文を読むことができます。 続きを読む:

 /  🏆 12. in JP
 

コメントありがとうございます。コメントは審査後に公開されます。

日本 最新ニュース, 日本 見出し

Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。

Get long boomer stocks and short millennial shares, says Bank of AmericaThe firm found stocks that are particularly exposed to the well-off generation.
ソース: CNBC - 🏆 12. / 72 続きを読む »