Exclusively for Pro Subscribers: The famed investor previously highlighted crashes in cryptocurrencies, meme stocks and SPACs this year.

"The Big Short" investor Michael Burry, known for calling the subprime mortgage crisis, hinted that he currently has a sizable short position after being bearish throughout 2022. Burry is known for his cryptic tweets and he routinely deletes them after posting. The investor, who runs hedge fund Scion Asset Management, has been correctly warning investors about a severe market downturn on Twitter all year. He drew parallels between today's market environment and that of 2008, saying it's like "watching a plane crash." Burry also sounded alarms on massive earnings compressions as well as "addictive" consumer spending amid soaring inflation. Subscribe to CNBC Pro to see what kind of bets Burry is making, if he's shorting any specific sectors or stocks or just the whole market. |
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WED, NOVEMBER 16 2022 |
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