The Big shot

#write2earn🌐💹 #TradingPredictions #TradingStrategies💼💰

Michael Burry, renowned for his successful prediction of the 2008 housing market crash, is still actively investing and making predictions about the U.S. economy. His firm, Scion Asset Management, has been making strategic moves, including a substantial bearish stance on the US semiconductor sector and purchasing $866 million in put options against a fund that tracks the S&P 500 and $739 million against a fund that tracks the Nasdaq 100. Burry's investment strategies include strong value investing, a contrarian approach, focus on fundamentals, long-term perspective, and selective short-selling. His portfolio performance varies, with his 10-year performance over 160% in the green, but his YTD performance can fluctuate significantly. Burry's investments in specific stocks, such as Hudson Pacific Properties, The RealReal, Signet Jewelers Limited, and Stellantis, have delivered strong gains in 2023, while his bearish bet against SPY and QQQ equity exchange-traded funds (ETFs) revealed in Q2 resulted in an approximate 40% loss. Burry's focus on the semiconductor sector through put options tied to the iShares PHLX Semiconductor ETF (SOXX) has also been a notable move in 2023.