Michael Burry is once again betting against America, making waves by reshuffling his portfolio significantly. Burry exited his positions in 14 stocks, including selling off titans from the market's 'magnificent seven,' and placing unexpected bets elsewhere. In today's video, we're diving into the bold moves made by the legendary investor and mastermind behind Scion Asset Management.
In the first quarter of 2024, Burry stunned investors by dumping his stakes in nine stocks, including Alphabet Inc. and Amazon.com Inc., despite Amazon's stock soaring over 60% and Alphabet's climbing nearly 50% in the past year. What’s behind this surprising decision? Could Burry be signaling a looming bear market?
Known for his spot-on predictions against the US housing market bubble in 2008, Burry's latest 13F filing reveals a fascinating shift towards commodities like gold, alongside strategic adjustments in the tech and healthcare sectors. This dramatic portfolio overhaul comes at a time when the US stock market is hitting new highs, with the S&P 500 up over 12% year-to-date. Yet, Burry's moves suggest he sees storm clouds on the horizon.

Michael Burry: Remember My 2008 Bets, I'm Betting Big On These Stocks To Make Millions In 2024 Chaos

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