Michael Burry Makes ‘Big Short’ US Recession Bet Against Nasdaq, S&P500

Renowned American investor and hedge fund manager Michael Burry has made a big bearish bet on stock markets. The move against the market suggests that his firm lacks confidence in economic recovery by wagering on a more bearish scenario.

On Aug. 14, Michael Burry’s Scion Asset Management put $1.6 billion to work betting against the stock market.

Michael Burry has placed bearish bets against the S&P 500 and Nasdaq 100 for the last quarter. Will see Crypto Market how stand in the next 6 months .