No stranger to generating significant buzz on social media, hedge-fund manager Michael Burry – whose exploits were chronicled by the film “The Big Short” – again got investors talking. This time, Burry declared that he was “wrong to say sell” in a tweet. Further, the often-contrarian expert highlighted a generational sentiment shift whereby retail investors bought up dips in the market.
Assuming that Burry’s being sincere about this apparent pivot, he may have telegraphed his evolving thesis. About two weeks ago, the hedge-fund manager essentially downplayed the threat posed by the regional bank failures earlier in March. Pointing to the U.S. government’s decisive action in putting out the fires, Burry remarked that a stand had been made.
