Who is Micheal Burry
Michael Burry the famous investor who correctly predicted and profited from the subprime mortgage crisis in 2007 by shorting the mortgage bond market, making himself over $100 million and $700 million for his investors.
Inflation peaked but it will be backed
His recent views suggest that inflation has peaked and we will be getting lower CPI from now, this has to be great news for the stock market as this suggest that FED will likely have to change their stance to boost the economy and stimulate growth especially in a deflationary environment.
Thoughts
Is it that straightforward? If things played out like Micheal Burry predicted, we might see a massive recovery of the stock market into 2021 levels and see a repeat of the S&P crashing again
Will history repeat itself? What will you do this time round if this inflation cycle narrative happens again?
Interesting
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