Michael Burry said a 1987-style fall in U.S. markets is possible, but the article argues today’s setup is fundamentally different from Black Monday despite high valuations. Overall takeaway is heightened downside tail risk, though with no new data point that would likely move markets materially in the near term.
Michael Burry said a 1987-style fall in U.S. markets is possible, but the article argues today’s setup is fundamentally different from Black Monday despite high valuations. Overall takeaway is heightened downside tail risk, though with no new data point that would likely move markets materially in the near term.
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mildly negative
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