Michael Burry Warns Wall Street’s ‘Pain Trade’ Can Last As Mag 7 Weakness Could Deepen ‘Red October’ Call
Burry flagged parallels with the 2000 tech bubble and a possible failed breakout in the S&P 500. Michael Burry warned that “pain trades become widowmaker trades” because they can persist for a long time. He highlighted a “Red October” scenario that would gain conviction if the “Magnificent Seven” followed semiconductor stocks lower alongside bond yields. … Read more