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

The S&P 500 hit a new high, but Michael Burry, the investor known for his "Big Short" predictions, warns this might foreshadow a market crash similar to the 1987 crash. Burry remains bearish on technology stocks, suggesting that the market's optimism could be misguided. His caution matters because it highlights a potential disconnect between investor sentiment and underlying economic realities, which could lead to a significant market correction if his views gain traction. This echoes past financial crises, reminding us that market euphoria can sometimes mask deeper systemic issues.