After calling a 2,269% gain, here’s his NEXT trade (from Millionaire Publishing)
What a week!
The guy who predicted the 2008 crash just walked away from his hedge fund.
The government reopened after 43 days. And markets are sliding. Coincidence? Maybe.
But when smart money starts moving, you should probably pay attention.
Let’s dive into it.
Michael Burry Shuts Down His Hedge Fund
The guy who called the 2008 housing crash just closed up shop. Michael Burry deregistered Scion Asset Management on November 10, saying he's "onto much better things." That's it. No big announcement. No press tour.
He's been betting against tech stocks like Nvidia $NVDA ( ▼ 4.17% ) and Palantir $PLTR ( ▲ 0.92% ) with massive put options, warning that AI valuations are out of control.
Phil Clifton takes over what's left, but Burry's already moved on. When the Big Short investor walks away, people pay attention.
The Longest Shutdown Finally Ended
After 43 days, Congress passed a spending bill on November 12. The House vote was 222-209. President Trump signed it. Government workers went back. SNAP benefits resumed. Military pay restarted.
This bill only funds the government through January 30. We're doing this again in two months. Markets bounced when the shutdown ended, but smart money knows this is just a pause, not a solution.
Markets Are Sliding
Stocks pulled back from October highs. Fed Chair Powell said a December rate cut is "far from certain." Treasury yields climbed.
Tech stocks dropped as investors questioned sky-high valuations. Some major finance leaders are now predicting a 10-20% correction over the next year.
Gold and silver rallied as people got nervous. Oil stayed flat. The big question: are we looking at a healthy pullback or something worse?
Blue Origin Finally Landed a Rocket
On November 13, Blue Origin's New Glenn rocket landed successfully after launching NASA's ESCAPADE Mars mission. This is a big deal for Jeff Bezos and Amazon's satellite internet plans.
The first New Glenn launch happened back in January, but this landing proves the reusable rocket system works. Blue Origin is now competing head-to-head with SpaceX for government contracts and commercial launches. More missions are scheduled before year-end.
Bottom Line
Burry's exit, ongoing budget fights, and shaky markets are all pointing to uncertainty ahead. Pay attention to what people do, not what they say.
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