🚨 BREAKING: Burry just filed his newest trades
He's even more bullish on China than before
Chinese companies now make up 45% of his entire portfolio - $BABA $BIDU $JD
BREAKING 🚨:
Michael Burry just shorted the market with $1.6B
Bought $890M of $SPY Puts
Bought $740M of $QQQ Puts
This now makes up 93% of his entire portfolio
Look out below.
Breaking 🚨:
Michael Burry is back buying stocks again
In Q3 he purchased more $GEO and made new buys of $QRTEA, $CXW $AJRD, $CHTR, & $LILAK
His portfolio is now over 50% in prison stocks
Grab a cup of coffee, you won't want to miss this
Many are speculating that this week's sell off in the market is due to Bank of Japan's unexpected large interest rate hike which led to a massive unwinding of the yen carry trade
Let's breakdown exactly happened 🧵:
Breaking:
Blackstone limits withdrawals at $125bn property fund as investors rush to exit due to concerns about the health of the real estate market.
Burry has warned about this recently. See Below👇👇
Bill Ackman is having a wonderful Monday morning
Over a decade ago, Ackman and Carl Icahn went to war on CNBC and have been enemies ever since
Today Icahn was charged by the SEC with hiding billions of dollars worth of stock pledges
🧵 But their feud didn't start there ...
BREAKING 🚨:
Michael Burry just shorted the entire SemiConductor sector
Bought $47M of puts on $SOXX
This makes up almost half of his entire portfolio.
Look out below.
Historically, the stock market collapses after the first Fed rate cut.
The market is predicting the first rate cut will be happening in the middle of 2024.
This is insane
Buffett and Berkshire now own 4% of all T-Bills issued to the public
Buffett has ~$277 B and the Fed has $195 B
Warren Buffett is now holds more US Treasury Bills than the Federal Reserve
Burry shockingly sold out of all his Gold
He is now heavily bullish on the consumer, strength of the dollar, China, and the US Job Market
We think we have a good reason why he changed his mind on the US economy…
🧵 A thread worth reading below
US mortgage delinquency rates have fallen to an all-time low of 3.37%.
If interest rates ever fall again housing prices will continue to rise.
Big Short 2.0 is incoming. Be ready.
Official Update 🚨:
Michael Burry has sold out of every position except for $3.3M shares of $GEO
GEO Group is a C corp that invests in private prisons & mental health facilities including illegal immigration detention facilities.
$GEO is up 10% today.
Back in July, Michael Burry placed a $1.6 billion bet against the stock market using SPY and QQQ puts. Now, the stock market, as measured by the S&P 500, has dropped 10% from its July peak. This happened when the Federal Reserve said there wouldn't be a recession.
The total
Last week Michael Burry tweeted:
"29 companies had a MKT CAP >10B with EBITDA of <-100M ... ALL this silliness must go"
Since he didn't provide a list, we decided to do it ourselves. Here's the top 12 by market cap
🧸's go have your fun
National Bureau of Economic Research argues that 14 percent of the $2.7 trillion commercial real estate loan market — and 44 percent of office loans — currently carry outstanding loan balances higher than property values and are at risk of immediate default.
Michael Burry: "consumers choose violence rather than cut back on spending in the face of inflation"
1) Credit Card debt is now ~$986B
2) The average American's CC balance is ~$6000
3) The CC APR is ~25%
4) The Median Bank Acct balance is ~$5500
Looks like #'s back him up
Welp, WeWork has officially filed for bankruptcy.
From a $47 billion private market valuation to a $9 billion IPO via a SPAC in 2021, and now trading at $1.32 a share in after hours, marking a jaw-dropping 99% drop from its IPO price.
The co-working space drama continues to
People keep asking why Burry invested 35% of his portfolio in private prison operator $GEO
Prisons are one of the greatest real estate opportunities in today's market & $GEO has a monopoly on them all
Pair that w/ immigrant trackers, they print pure cash
Here's how 👇👇👇
Burry officially has a 100% winner on his hands again
On 5/15, Burry disclosed a new stake in the online retailer $REAL
Since that date the stock is up 97.8%
Congrats to all those who copied him 🫡
BREAKING 🚨:
Michael Burry is officially bullish on Gold
He just disclosed a brand new $7.6M buy into Sprott Physical Gold Trust $PHYS
Gold is now his 5th largest position
We saw Burry’s new big short position yesterday but here’s a list of his recent portfolio additions.
In summary, he is long bulk shippers, oil and gas companies, prisons, banks, media companies and short tech.
This is insane.
Goldman Sachs just reported that hedge funds are aggressively offloading tech stocks at a rapid rate we haven't seen in years
June is already a record month
Starting May 1st, home buyers with a credit score >680 will pay a higher mortgage rate to subsidize the costs for home buyers with a lower credit score
The new rule appears to punish home buyers with a strong financial position
Morgan Stanley's Chief Equity Strategist just said:
"We're looking for an earnings recession that could be as big of a surprise to the market as it was in '08"
Remember when Burry said the same thing back in July?
Based on Bank of America’s earnings yesterday, the bank said it had unrealized losses of $131.6 billion on the bonds it plans to hold to maturity, up from $105.8 billion at the end of June.
In his latest report, Burry invested $886,560.00 in $SPY puts and $738,840.00 in $QQQ
Burry has another 70% winner on his hands
On 5/15, Burry disclosed a new stake in the bank $WAL
It is up 11% today and up 70.68% since he filed
He's made $3M+ on this position alone
64% of Americans are reportedly living paycheck to paycheck, an all time high.
Credit card debt has officially reached $930M, an all time high
The personal savings rate has fallen to 2.3%, close to an all time low
The Consumer Trifecta
"For a three BR, two bath home in Scottsdale, Kenworthy initially thought he could fetch $1,200 a night w/ a five-night minimum.
He's cut the rate to $500 a night with a two-night minimum — and it's still not booked"
Yesterday Michael Burry tweeted a picture of the market from the Dot Com crash & said "Maybe"
He appears to circle a Dead Cat Bounce
In this bounce, the market rallied 20% over 3 MO before going on to fall another 30%
Breaking🚨: Michael Burry's newest trades were just released
His new buys include $BKI, $COHR, $BABA, $JD, $WWW, & $SKYW
Sells include $GEO, $QRTEA, $AJRD, $CXW, $CHTR, & $LILAK
18% of his portfolio is now comprised of Chinese Stocks
Don't look now, but since Burry's filing from Monday
Major Indexes:
$SPY: -2.3%
$QQQ: -3.1%
Inverse ETF's that mirror his puts:
$SH: +2.3%
$PSQ: +3.1%
Still early but fun to follow along
This is crazy
Since last October hedge funds have pumped $24 BILLION into the Turkish Lira and there seems to be no signs of stopping
We are witnessing the largest 'carry trade' position by hedge funds in the past 5 years
Why?
Turkey's interest rates have soared to 50% from
7/
"When it rains, it pours"
This massive fall in the Asian markets has had a ripple effect throughout the entire world
If you enjoyed this thread make sure to give it a share and follow for more updates on this situation, Burry moves, and all hedge fund activity 🤝
Michael Burry dumped all of his Chinese stocks right before Evergrande collapsed and Country Garden faces its debt default.
His Puts on the market are looking juicy.