"The Big Short" Investor Michael Burry Just Made a $1.6 Billion Bet Against the Stock Market
By Anthony Di Pizio – Aug 16, 2023 at 7:40AM
Burry's Scion Asset Management just bought a truckload of put options in a bet against the market.
The stock market is on a tear in 2023, led mostly by the technology sector. But we've just entered the weakest seasonal period of the year for stocks; August and September are the two worst months for the benchmark S&P 500 index, based on data going back more than three decades.
https://www.fool.com/investing/2023/08/16/big-short-michael-burry-16-billion-against-stock/