Michael Burry warns that U.S. households now have more wealth invested in stocks than in real estate, a trend that historically preceded long bear markets in the late 1960s and 1990s. Burry attributes this shift to factors such as low interest rates, stimulus, inflation, AI speculation, and gamified trading. He also cautions that passive investing dominates the market, potentially leading to a deep and prolonged U.S. equity downturn.

Leave a Reply