Michael Burry thinks the stock market may finally be approaching the moment he’s been warning about. Earlier this month, writing on his Substack, Cassandra Unchained, the famed investor behind ‘The Big Short,’ declared that “the market has jumped the shark” and suggested history was beginning to rhyme with previous market peaks.
Burry pointed to the explosive rally in technology and semiconductor stocks, warning that investors may be witnessing conditions reminiscent of the dot-com era. “The end of…this…is nigh,” Burry wrote.
Yet one market indicator suggests the bull market may still have more room to run.
According to Giuseppe Sette, co-founder and president of Reflexivity, investors may be focusing on the wrong catalysts. First it was tariffs. Then it was war with Iran. Then oil prices and inflation. More recently, some investors have pointed to a wave of high-profile IPOs as a potential warning sign.
So far, none of them have ended the rally.
