Day: November 19, 2021

Michael Burry dumped nearly every part in Q3 to protect in opposition to the ‘mom of all crashes’ — however he did buy 3 attention-grabbing new holdings

Michael Burry dumped nearly every part in Q3 to protect in opposition to the ‘mom of all crashes’ — however he did buy 3 attention-grabbing new holdings

Hedge fund supervisor Michael Burry of “The Large Brief” fame has been a busy man these days.

Along with his continuous shadowing (and shading) of Tesla CEO Elon Musk on Twitter, Burry has additionally been promoting off shares. A whole lot of them.

In Q3 of 2021, he diminished his widespread inventory holdings from $137 million to $42 million.

That’s as a result of Burry believes the inventory market is method overheated. “All hype/hypothesis is doing is drawing in retail earlier than the mom of all crashes,” Burry wrote in a now-deleted tweet from earlier this yr.

Burry additionally closed out his massive bearish bets on Tesla and Cathie Wooden’s ARK Innovation ETF.

However the investor nonetheless owns inventory in a half-dozen firms.

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Inventory Markets Rise Perpetually, Do not They?

This story initially appeared on Zacks

– Zacks

As traders proceed to take care of inflationary strain on the inventory market and company earnings which can be starting to indicate slowing progress, what precisely is honest worth for shares? Our Chief Fairness Strategist and Economist, John Clean, is right here now to present his evaluation.

1. John, you lately wrote that whereas the bull story stays intact going into yr’s finish, S&P 500 inventory valuations could also be getting a haircut. What does that imply?

2. What are the valuation indicators that you just observe?

3. November is usually a better-than-average market month. Do you anticipate it to be the identical this month?

4. Do you suppose traders are starting to get extra involved about inflation at this level?

5. Aren’t we getting some complicated information from bond yields about the place the market is headed aren’t we?

6. So,

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