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Home›US Markets›Indices›S&P 500 hits new high as Michael Burry warns of risk

S&P 500 hits new high as Michael Burry warns of risk

The surge came after Tuesday’s rise, and Burry reiterated he remains bearish on parts of tech despite the record.

Reported · Written up by our desk · Indices

The S&P 500 reached a new high on Tuesday, prompting renewed caution from famed investor Michael Burry, according to MarketWatch.

Burry said investors should watch for potential downside risk after the sharp run-up, drawing a comparison to the kind of market decline that followed in 1987, the outlet reported.

MarketWatch also noted that Burry has not changed his outlook on certain tech areas, even as the broader index moved higher.

Latest closeS&P 500 7,736.52 ▲1.8%

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Sources

MarketWatchThe S&P 500 just hit a new high. ‘Big Short’ investor Michael Burry thinks it could bring a 1987-style fall.
MarketWatchThe S&P 500 just hit a new high. ‘Big Short’ investor Michael Burry thinks it could bring a 1987-style fall.

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