Michael Burry Thinks We May Be About Halfway Through Market Fall
The New York Stock Exchange (NYSE) in New York.
Photographer: Michael Nagle/BloombergThis article is for subscribers only.
Michael Burry, the founder of Scion Asset Management who was made famous by Christian Bale in the movie “The Big Short,” said on Twitter that the first half declines in equity markets this year were “multiple compression” and following this will be earnings compression.
Burry recently warned that the Federal Reserve may need to reverse itself on rates and QT.