Potential for a 1987-Style Market Correction: Michael Burry Stands Firm on His Short Positions Amidst Record Stock Highs
On Tuesday, August 4, 2026, the S&P 500 experienced a 1.79% increase, closing at 7,737, marking its first record high in two months. Meanwhile, the Nasdaq rose by 2.6%, and the Dow surpassed the 54,000 mark. On the same day, Michael Burry communicated to his Substack subscribers that he continues to anticipate 'a potential 1987-style market correction' and has chosen not to close his short positions.
On Tuesday, August 4, 2026, the S&P 500 experienced a 1.79% increase, closing at 7,737, marking its first record high in two months. Meanwhile, the Nasdaq rose by 2.6%, and the Dow surpassed the 54,000 mark. On the same day, Michael Burry communicated to his Substack subscribers that he continues to anticipate 'a potential 1987-style market correction' and has chosen not to close his short positions.
FOMOGRAM SENTINEL GRAVITY TELEMETRY
General news unrelated to monitored cryptocurrencies.
Explore all verified news, research, and global sources for CRYPTO.