U.S. markets open in 6 hours 52 minutes

  • S&P Futures

    3,985.25
    +7.25 (+0.18%)
     

  • Dow Futures

    32,372.00
    +53.00 (+0.16%)
     

  • Nasdaq Futures

    12,876.50
    +22.50 (+0.18%)
     

  • Russell 2000 Futures

    1,741.30
    +8.80 (+0.51%)
     

  • Crude Oil

    69.97
    +0.01 (+0.01%)
     

  • Gold

    1,989.90
    -6.00 (-0.30%)
     

  • Silver

    23.17
    -0.09 (-0.39%)
     

  • EUR/USD

    1.0834
    -0.0002 (-0.02%)
     

  • 10-Yr Bond

    3.4060
    0.0000 (0.00%)
     

  • Vix

    22.61
    +0.35 (+1.57%)
     

  • GBP/USD

    1.2280
    -0.0008 (-0.07%)
     

  • USD/JPY

    130.2920
    -0.4970 (-0.38%)
     

  • Bitcoin USD

    28,320.26
    +576.59 (+2.08%)
     

  • CMC Crypto 200

    618.92
    +21.46 (+3.59%)
     

  • FTSE 100

    7,499.60
    -67.24 (-0.89%)
     

  • Nikkei 225

    27,385.25
    -34.36 (-0.13%)
     

Michael Burry says sell and Jim Cramer says buy. As the Fed meets, here’s how they both could be wrong on stocks.

97
Steve Goldstein
·6 min read
Michael Burry says sell and Jim Cramer says buy. As the Fed meets, here’s how they both could be wrong on stocks.

Michael Burry, the hedge-fund manager at Scion Asset Management who correctly forecast the 2008 financial crisis, on Tuesday night sent out a one-word tweet: “Sell.” Burry didn’t elaborate, but it’s not hard to fill in the blanks. Assets like bitcoin and ARK Innovation ETF surged in January, in a seeming dash for trash on the view the Fed’s going to pivot to rate cuts soon, which is a lot to stomach for a value-focused investor like Burry.

Continue reading

Recommended Stories