All articles tagged with #bearish bets
Billionaire Michael Burry's recent bearish bets against Nvidia, based on SEC filings, are likely to be unsuccessful due to Nvidia's strong demand outlook for AI data center chips, with CEO Jensen Huang projecting $500 billion in demand over five quarters, making Nvidia's stock a risky short.
Money managers made one of their biggest bearish shifts on oil prices in years around the start of 2024, with speculators adding about 61,000 combined short positions in Brent and West Texas Intermediate crude in the week to Jan. 2, marking the most significant increase since March and the second-largest since 2017. This surge in bearish bets suggests a potential downward pressure on oil prices, with slower demand growth cited as a contributing factor.
Michael Burry, the investor famous for predicting the 2008 housing market collapse, has placed bearish bets of over $1.6 billion against the S&P 500 and Nasdaq 100, using more than 90% of his portfolio. Despite his previous wavering between bullish and bearish sentiments, Burry's fund, Scion Asset Management, has made significant bets on a market downturn. Burry's investment record has been strong, with traders following his disclosed investments over the past three years seeing annualized returns of 56%, compared to the S&P 500's 12% over the same period.
Despite the continued popularity of big tech stocks, bearish bets against the S&P 500 have surged, with investors growing increasingly concerned about the stock market's overall health. The rise in bearish bets comes as investors worry about the potential impact of rising inflation and interest rates, as well as the ongoing COVID-19 pandemic.
Despite the continued popularity of big tech stocks, bearish bets against the S&P 500 have surged, with investors growing increasingly concerned about the stock market's overall health. The rise in bearish bets comes as investors worry about the potential impact of rising inflation and interest rates, as well as the ongoing COVID-19 pandemic.