Burry is using more than 90% of his portfolio to bet on a market downturn, according to filings. Warren Buffett has been selling rather than buying. Economics professor Steve Hanke said, "The money supply is fuel for the economy, and it has been contracting over the last year. Now, the rate of contraction is -3.6%/yr., something we have not seen since 1938. Following significant changes in the money supply, the economy changes course with a lag of 6-18 months. At present, the economy is running on fumes and a 2024 recession is inevitable."

Michael Burry of "Big Short" fame is betting more than 90% of his portfolio on a stock market crash, according to the latest SEC filings.

From CNN, "Michael Burry, of 'Big Short' fame, just bet $1.6 billion on a stock market crash":
Michael Burry, the "Big Short" investor who became famous for correctly predicting the epic collapse of the housing market in 2008, has bet more than $1.6 billion on a Wall Street crash.

Burry is making his bearish bets against the S&P 500 and Nasdaq 100, according to Security Exchange Commission filings released Monday. Burry's fund, Scion Asset Management, bought $866 million in put options (that's the right to sell an asset at a particular price) against a fund that tracks the S&P 500 and $739 million in put options against a fund that tracks the Nasdaq 100.

Burry is using more than 90% of his portfolio to bet on a market downturn, according to the filings.

[…] The S&P 500 and Nasdaq 100 have both notched big gains so far this year. They're up nearly 16% and 38%, respectively.