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Rebel Capitalist News

News: Michael Burry Stuns Market With This One Word Tweet

Rebel Capitalist News

George Gammon

Business, Investing

4.71.1K Ratings

🗓️ 3 February 2023

⏱️ 10 minutes

🧾️ Download transcript

Summary

The Rebel Capitalist helps YOU learn more about Macro, Investing, Entrepreneurship AND Personal Freedom.

Transcript

Click on a timestamp to play from that location

0:00.0

Hello fellow Rebel capitalists hope you're well.

0:02.4

So Michael Burry shocks the market with a one word tweet.

0:10.9

One word.

0:12.1

Let's shoot right over to this article from Market Insider and check this

0:19.6

out and I think what's interesting is did he tweet this one word because he thinks the

0:27.8

Fed is going to maybe increase rates 50 basis points today instead of 25 or is there some of the reason?

0:39.5

It's fascinating.

0:40.5

So let's dive into the article. short legend Michael Burry issues a grave warning to investors with a one word tweet

0:51.2

Sell that's it. He just said sell and this was he tweeted it out yesterday

0:59.8

didn't he Josh? Yeah I think I think last night. Okay, so key talking points Michael Burry issued a grim warning to investors by simply tweeting sell the big short legend was likely responding to the stock market's astounding comeback in January.

1:17.0

Maybe, or maybe he's talking about the Fed decision.

1:21.0

Maybe he thinks that, like I said, Jerome Powell is going to raise 50 basis points when the market says 25 or when the market thinks 25 and therefore that is bearish. I don't know. Let's keep reading.

1:34.0

Very recently compared the S&P 500's rebound to its short-lived rally during the dot-com crash.

1:41.0

The fund manager of the big short of big short fame was likely urging

1:46.2

investors not to be fooled by the recent rebound in stocks. The benchmark

1:50.0

S&P 500 index gained 6.2% in January, while the Tech Heavy NASDAQ composite surged 11%, marking

1:59.8

its best January performance since 2001. So some of the stocks have gone up here, Tesla,

2:07.7

up 41% in January. Kathy Woods flagship Ark Innovation Fund recorded its best month ever.

2:15.8

Burry's Sion Asset Management placed bets against both the automaker and the Tech Focus

2:22.2

Fund in 2021. The investor took aim at both

2:24.8

Musk and Woods in tweets and I'd like to also point out that Bitcoin has gone up

2:30.0

substantially. I think that everyone should own Bitcoin to have some purchasing power

...

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