Michel burry shorts sp500 & nasdaq with $1.3b

Michael Burry is an American investor who became famous for predicting the 2008 financial crisis and making his investors win billions while he personally earned 100 million dollars. He was studying a single sector at that time. Now he is predicting a crash in all the sectors combined in the US economy. According to an article on Business Insider, Burry predicted that inflation would cool as the economy weakens in 2023, spurring the Fed and US government to stimulate demand — and reignite inflation. He also sees a US recession in 2023 and an inflation spike.

It’s important to note that market predictions are not always accurate and should be taken with a grain of salt. Only time will tell if his predictions will come true.

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Update: After he entered short, revealing his move to the world, the price agreed to go in his favor a maximum of 39 points (-8,77%) and price continued to skyrocked.
We don't know if he had TakeProfit or StopLoss, nor if he was using leverage or not.

Trade at your own risk, always following a system or plan. GL