The S&P 500 SPY may backside out at about -40%? – Funding Watch

by predictany007

Michael Burry, the founding father of Scion Asset Administration who was made well-known by Christian Bale within the film “The Massive Quick,” stated on Twitter that the primary half declines in fairness markets this yr had been “a number of compression” and following this shall be earnings compression.

www.bloomberg.com/information/articles/2022-06-30/scion-s-burry-thinks-we-may-be-about-halfway-through-market-fall?srnd=premium

‘The Massive Quick’ investor Michael Burry who predicted the 2007 subprime mortgage disaster says he thinks “we’re about midway by way of the autumn.”

The S&P 500 SPY has fallen 20% to this point this yr. Do you agree that SPY may backside out at about -40%?