Michael Burry, famed for his prescient bets against the housing market in 2008, shocked investors by tweeting a single word: “Sell.”
At the time, the S&P 500 was trading around 4,076 points, and many feared a significant market downturn. However, the stock market defied expectations, with the S&P 500 soaring by 41% since ts, indicating another potential 6% increase.
While some investors remain cautious due to concerns over inflation and potential interest rate hikes, others see room for further gains, especially in tech stocks, which have driven much of the index’s recent performance.
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