{"id":2001196,"date":"2023-08-15T12:10:41","date_gmt":"2023-08-15T16:10:41","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/the-big-short-investor-michael-burry-makes-billion-dollar-bet-against-us-stock-market\/"},"modified":"2023-08-15T12:13:15","modified_gmt":"2023-08-15T16:13:15","slug":"the-big-short-investor-michael-burry-makes-billion-dollar-bet-against-us-stock-market","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/the-big-short-investor-michael-burry-makes-billion-dollar-bet-against-us-stock-market\/","title":{"rendered":"Michael Burry, &#8216;The Big Short&#8217; investor, bets billions against US stock market."},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"float:left\"><div class=\"counts mashsbcount\">24<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fthe-big-short-investor-michael-burry-makes-billion-dollar-bet-against-us-stock-market%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2001196&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><div data-post-content=\"true\" class=\"post_content\" id=\"post_content\">\n<h2>Michael Burry Makes Billion-Dollar Bet Against U.S. Stock \u200bMarket<\/h2>\n<p>Michael Burry, the famous investor known for his role in &#8220;The Big Short,&#8221; is making \u2062a bold move by\u200c shorting the U.S.\u2062 <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/donald-trump-ends-negotiations-with-nancy-pelosi-on-coronavirus-relief\/\" title=\"Donald Trump Ends Negotiations with Nancy Pelosi on Coronavirus Relief\">stock market<\/a>. His hedge\u200c fund, Scion Asset Management, recently purchased $1.6 billion worth of put \u2064options against the S&#038;P 500 \u2062Index and the Nasdaq Composite Index.<\/p>\n<p>According to a Securities and Exchange Commission (SEC) filing, Scion also acquired bearish options against popular investment vehicles like the\u2062 Invesco QQQ Trust Exchange-Traded Fund \u2062(ETF) and \u2062the SPDR S&#038;P \u2063500 ETF.<\/p>\n<blockquote>\n<h3>Related Stories<\/h3>\n<ul>\n<li><a href=\"http:\/\/www.theepochtimes.com\/article\/global-stocks-stuck-near-5-week-lows-china-cuts-rates-5466202\">Global Stocks Stuck Near 5-week Lows, China Cuts Rates<\/a> &#8211; 8\/15\/2023<\/li>\n<li><a href=\"http:\/\/www.theepochtimes.com\/china\/country-garden-stock-plunge-shocks-chinas-property-markets-5459882\">Country Garden \u2062Stock Plunge Shocks China\u2019s Property Markets<\/a> &#8211; 8\/11\/2023<\/li>\n<li><a href=\"http:\/\/www.theepochtimes.com\/article\/irs-launches-tax-crackdown-targeting-employee-stock-option-plans-5455110\">IRS Initiates Tax Crackdown Targeting\u200d Employee Stock Option \u200cPlans<\/a> &#8211; 8\/9\/2023<\/li>\n<li><a href=\"http:\/\/www.theepochtimes.com\/article\/target-faces-shareholder-lawsuit-after-pride-promotions-damage-stock-price-5455020\">Target\u2062 Faces \u200dShareholder Lawsuit After \u200bPride Promotions Damage Stock Price<\/a> &#8211; 8\/9\/2023<\/li>\n<\/ul>\n<\/blockquote>\n<p>A <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/federal-judge-brings-united-airlines-vaccine-mandate-plans-to-a-halt-with-new-order\/\" title=\"Federal Judge Brings United Airlines' Vaccine Mandate Plans to a Halt with New Order\">put option<\/a> gives the buyer the right to \u2062sell an\u200c underlying asset at a predetermined price before a specified date. Burry&#8217;s move indicates his speculation \u2062on market downturns or a hedge against falling prices.<\/p>\n<p>While\u200c the S&#038;P 500 and \u2064Nasdaq have seen significant gains this year, Burry&#8217;s bet suggests \u200da\u200b different outlook. \u200bAdditionally,\u2064 Scion Asset Management has exited stakes in several banks and adjusted its portfolio to include oil and gas companies, mining firms, banks, media organizations, and bulk shippers.<\/p>\n<div>\n<figure style=\"width:600px\" class=\"alignnone\"><figcaption>Traders work on the floor of the New York Stock Exchange (NYSE) in New\u200c York \u2062City on March 20, 2023. (Brendan McDermid\/Reuters)<\/figcaption><\/figure>\n<\/p><\/div>\n<h2>Recession\u200b and \u200bthe US Stock Market<\/h2>\n<p>Despite better-than-expected\u2062 retail sales data, U.S. stocks faced\u200c a downturn on\u200c August \u200d15. Higher \u2062import and export prices, disappointing \u200chomebuilder sentiment, and warnings from Fitch Ratings about potential downgrades in the \u200cbanking industry contributed to the market pressure.<\/p>\n<p>While stocks have weathered economic and\u2064 political turbulence\u200d this\u2062 year,\u200c <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/the-big-short-investor-michael-burry-makes-billion-dollar-bet-against-us-stock-market\/\" title=\"Michael Burry, 'The Big Short' investor, bets billions against US stock market.\">investor \u200bsentiment\u200d remains largely \u200dbearish<\/a>. The Federal Reserve Bank of New York&#8217;s Survey of Consumer\u2062 Expectations shows skepticism among households about future\u2064 stock prices.<\/p>\n<p>Many indicators point to\u2062 a potential recession,\u200b including inverted Treasury yields \u2064and a \u2063decline in the Conference Board&#8217;s \u200cLeading Economic Indicator. The trajectory of \u200dthe U.S. economy\u2062 and stock market may depend on the Federal Reserve&#8217;s actions\u200d for the remainder of the\u200b year.<\/p>\n<p>As we await the Federal Open Market Committee&#8217;s policy decisions, investors \u200dare \u200dclosely\u2062 monitoring \u200bthe data and market conditions.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Michael Burry, known for his successful shorting of subprime mortgages in the 2008 financial crisis, is now betting over a billion dollars against the U.S. stock market. His hedge fund, Scion Asset Management, has invested $1.6 billion in 40,000 shares.<\/p>\n","protected":false},"author":278,"featured_media":2001197,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[543],"tags":[],"class_list":["post-2001196","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-epoch-times"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2001196","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/278"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2001196"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2001196\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2001197"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2001196"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2001196"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2001196"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}