Michael Burry Warns of Possible 1987-Type Market Crash Amid S&P 500 Rally

Hyperdash News08/05/2026 15:39 UTCEquities

Michael Burry, known from "The Big Short," maintains his bearish outlook despite the S&P 500 reaching new highs. He warned of a potential 1987-type crash in a Tuesday Substack post, noting that new highs could draw more money into the market. He believes the market is near a major top.

Burry continues to hold short positions against the iShares Semiconductor ETF (SOXX), Micron, Nvidia, Caterpillar, Palantir, Tesla, and Applied Materials. He compared the current market environment to the final months of the 1999-2000 bubble. The

S&P 500 has moved +0.03% on Hyperdash since the news was published.

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