welp, ICYMI, Michael Burry just went Big Short again
The clickbaity titles are very misleading though. He didn't bet $1.6B against the market, but it's just that the value of the underlying shares ($QQQ and $SPY) against which he's betting using puts are worth that amount. The puts themselves should be worth way less. Those puts still make up a combined 93.59% of his portfolio 馃敟
Burry also got out of regional banks and Chinese stocks.
He bought them in q2 2023 so he's broke even at best so far.
Spy is up 6.6% since 4/1 and down 1.5% since 6/30.
QQQ is up 12.0% since 4/1 and down 3.1% since 6/30.