Michael Burry is closing down his Hedge Fund
• Linkedin"My estimation of value in securities is not now, and has not been for some time, in sync with the markets."
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"My estimation of value in securities is not now, and has not been for some time, in sync with the markets."
The top 3 sources of liquidity in the market are bank reserves, reverse repo, and the Treasury General Account (TGA).
A shift toward round-the-clock trading represents the most fundamental change to market structure since electronic trading replaced the trading floor
And not any puts, but very large puts (for Burry's AUM) - the notional equivalent value for the Palantir puts was a whopping $912 million (equivalent to 5mm shares), while his Nvidia Put was worth a notional equivalent $186 million.
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...funding stress and regional bank angst?
The fund will supposedly protect investors from Bitcoin's sometimes huge dips by using the precious metal...
That's the largest short-term auction in history. Some analysts believe is doing some kind of 'light' Yield Curve Control.
Your thoughts?
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