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Investors would have made more money buying the S&P 500 than heeding Michael Barry’s stock market warnings, said Charlie Bilello, chief market strategist at Creative Planning.
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The index has “average 6-month annualized gains of 34%” over the 2019-2023 Burry Tweets election period.
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“Don’t make changes to your portfolio based on Twitter,” he said in a post on X.
Investors would be better off buying the S&P 500 in recent years than adjusting their portfolios in response to “Big Short” investor Michael Barry’s stock market warning tweets, according to one market expert.
“Instead of following Michael Burin’s stock market warnings, simply buying the S&P 500 would have made investors money with an average 6-month average return of 34% each time.” Chief Market Strategist at Creative Planning, A. Stick on the X.
In the year Burry’s tweets were citing the benchmark index’s results for the periods following the election between 2019 and 2023.
Barry tweeted a Strict warnings About the looming equity-market crashes of recent years.
In the year The head of Scion Asset Management attracted a cult following after he contemplated the housing-market meltdown that followed the 2008-2009 global financial crisis. His billion-dollar bet on the bubble was chronicled in the book and movie “The Big Short.”
In the year In the summer of 2021, he warned of “one of the biggest speculative bubbles in the world” and predicted “the mother of all crashes”. Recently, in February this year, the fund manager issued a dire warning in one word: sell”
This year’s resurgence in equities, driven primarily by inflation, technological advances and market expectations that the Federal Reserve may cut interest rates, has cautioned investors against getting carried away.
However, US stocks have remained largely bullish so far this year, defying the forecasts of other experts, including Berry & Morgan Stanley’s Mike Wilson and economist David Rosenberg.
The S&P 500 stock index is up more than 16 percent so far in 2023, thanks in no small part to investors’ excitement about advances in artificial intelligence technology. The successful launch of OpenAI’s ChatGPT sent traders piling into AI-based stocks, including Nvidia, Apple and Microsoft.
But Bury was not convinced by the rally. In the year He warned of an economic downturn starting in the first half of 2022, which led him to gamble. Compared to the S&P 500 and Nasdaq-100, the value is 1.6 billion dollars The last quarter.
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