Business > Market

‘Big Short' investor Michael Burry warns market plunge ‘maybe halfway' over

1 month ago   |   By New York Post

Burry warned that company earnings are next to suffer from the effects of surging inflation and Federal Reserve interest rate hikes that have weighed on major stock indices.
Read more ...

 

'Big Short' investor Michael Burry warns the historic slump in stocks and crypto may only be half done - and he expects weak earnings to drag markets lower

'Big Short' investor Michael Burry warns the historic slump in stocks and crypto may only be half done - and he expects weak earnings to drag markets lower

1 month ago   |   By Business Insider

Michael Burry. Kevin Mazur/WireImage
Michael Burry warned the plunge in stocks and crypto might only be at the halfway point.
"The Big Short" investors expects weak corporate earnings to fuel the next leg down in markets.
Burry predicts a slump in consumer spending will weigh on company profits later this year.
Michael Burry warned the historic declines in stocks and cryptocurrencies this year could double in magnitude over the coming months. "Adjusted for inflation, 2022 first half S&P 500 down 25-26%, and Nasdaq down 34-35%, Bitcoin down 64-65%," he tweeted on Thursday. "That was...
Read more ...

 


Search by Tags

   Market      Tech      Markets      MI Exclusive      Stocks      Michael Burry      The Big Short      Scion Asset Management      Stock market bubble      Stock Market Crash      Valuation      Multiple Compression      Earnings Compression      Crypto      Bitcoin      Inflation      Recession      Rate Hikes      Interest Rates  


Zelenskyy tells officials to stop telling the media about Ukraine's tactics...

Ukrainian President Volodymyr Zelenskyy seen on March 10, 2022. Office of the President of Ukraine Zelenskyy blasted talkative officials who gave details of its military... Read more ...

Russia is offering prisoners their freedom in exchange for fighting in...

Russian soldiers walks along a street in Mariupol on April 12, 2022. Photo by ALEXANDER NEMENOV/AFP via Getty Images) Russian forces are recruiting prisoners across seven... Read more ...

UK economy shrinks in 2nd quarter, sharpening recession fear

The United Kingdom's economy shrank in the three months to June Read more ...

Aspen's Tangled Summer Saga: The Rich Developer vs. the Local Paper

The corporate owners of The Aspen Times did not allow it to cover a libel lawsuit against the paper, demoralizing the newsroom, former staff members say. Read more ...

The Summer of NIMBY in Silicon Valley's Poshest Town

Moguls and investors from the tech industry, which endorses housing relief, banded together to object to a plan for multifamily homes near their estates in Atherton, Calif. Read more ...

China's Options for Punishing Taiwan Economically are Limited

The economic bans that China imposed on Taiwan for hosting Speaker Nancy Pelosi were not especially painful. Increasing the pressure could hurt China's own economy. Read more ...

8 People Sitting on Benches, Talking About Recession

How to think about this weird economic moment. Read more ...

EQT's Kasper Knokgaard just led an investment into entertainment company...

Kasper Knokgaard, partner, EQT EQT Insider's Banker of the Week series appears in our weekday newsletter, 10 Things on Wall Street . This week we're highlighting Kasper... Read more ...

QAnon influencer and failed Arizona GOP primary candidate Ron Watkins has...

Ron Watkins came in dead last in his GOP primary race in Arizona. Ron Watkins QAnon figure Ron Watkins has moved to Australia, according to his father's live stream this... Read more ...

US stock futures rise but bonds slip as the Fed says it's set on more rate...

The Fed's Mary Daly said inflation remains too high. The Washington Post/Getty Images US futures picked up Friday but bonds slipped as investors weighed up the Fed's response... Read more ...