Michael Burry’s latest bet highlights growing concern of melt-up
Despite Monday's advance, only 55% of stocks in the S&P 500 traded above their 200-day moving average, signaling a potentially shaky foundation for the stock market's advance. Michael Burry's latest bet highlights growing concern of a melt-up.
The stock market's recent advance may be on shaky ground. Only 55% of S&P 500 stocks traded above their 200-day moving average, despite Monday's gains. This statistic suggests the market's foundation is not as solid as it appears. Michael Burry's latest bet has drawn attention to the growing concern of a melt-up. The S&P 500's advance has been notable, but the underlying data indicates potential instability.
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