Renowned investor Michael Burry warns that pressure is building beneath the calm surface of the U.S. stock market, like a supervolcano: The S&P 500 hit a record high on October 6, but fewer and fewer stocks are joining the rally. This kind of narrowing breadth has occurred before all 10 market peaks over the past 40 years. Citing a century of inflation-adjusted data, he notes that U.S. stocks fell about 53% in real terms from 1966 to 1982, and the next bear market could last for years. If U.S. stocks enter a prolonged period of weak returns, can Bitcoin still chart its own course?
(Source: BeInCrypto)
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