‘The Big Short’ Michael Burry: U.S. stocks may peak within 9 months, and is heavily shorting the Nasdaq 100 index and semiconductor sector.
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The real-life inspiration for *The Big Short*, Michael Burry, said in a Substack post today that the U.S. stock market could be just 0 to 9 months away from a major top, noting that "the final months of this bull market could get very wild." According to his disclosure, his current short positions are concentrated primarily on put options for the Nasdaq 100 ETF (QQQ) and the semiconductor ETF (SMH). Both positions expire in spring 2027, with strike prices roughly 20% below current levels. Burry also remains short on Oracle (ORCL), MetLife (MET), Caterpillar (CAT), and Palantir (PLTR). He believes the market may already be in the late stages of this bull run, but expects significant volatility could still occur before the major top is reached.
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