Wall Street had just given investors a reason to feel confident, the S&P 500 and Nasdaq reached fresh highs on Tuesday. But then, on Wednesday, US stocks moved lower. Meanwhile, two well-known investors were highlighting risks in very different parts of the market.
Michael Burry was looking at the stock market's psychology and pointing to what happened around 2000 and 2008. His warning comes with a reference to a six-to-nine-month “denial” phase, or fewer than 270 days at the longer end.
