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Could This Investor's Move Signal Bull Market For US Stocks?

Benzinga ·  11/15/2023 02:37

Known for his "Big Shorts," Michael Burry, founder and manager at Scion Asset Management, may have just signaled that he believes the market rally has legs.Burry, portrayed by Christian Bale in "The Big Short," made his name for shorting the market and winning big as he correctly predicted the 2008 financial crisis.On Tuesday, a 13F filing revealed Burry had closed a large short position — opened in August on S&P 500 and Nasdaq derivates, which are tracked by ETFs including the SPDR S&P 500 ETF Trust (NYSE:SPY) and Invesco QQQ Trust Series 1 (NASDAQ:QQQ), respectively. BREAKING : MICHAEL BURRY

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