The coverage fund that belongs to him was detached from his positions in the actions most exposed to the commercial war, according to his latest report issued to the United States Securities and Stock Exchange Commission.
Michael Burrythe mythical investor who opted against the US real estate market and managed to predict the financial crisis of 2008, through its investment fund, Sion Asset Management He detached from his positions in the actions most exposed to the commercial waraccording to its latest brochure referred to the United States Securities and Stock Exchange Commission.
It should be noted that within those papers were the Chinese papers like JD.com, Alibaba, Baidu and PinduoduoOwner of Temu.
Besides, Michael Burry, through 900,000 called Put contracts decided to bet on the collapse of the US technology sector. The American aerospace company, Boeing, one of the main beneficiaries of Washington’s commercial negotiations with the rest of the world, also fell into the wave of sales.
The only position that Burry maintains
The only title that did not liquidate its portfolio, is the cosmetic conglomerate, Estée Lauder. Burry seems to trust the rematch of this firm, which collapsed almost 50% in the last year after presenting dull results.
The luxury sector together experienced a slowdown in recent years and Estée Lauder failed to raise consumer demand.
The recent pessimism of the fund manager can be attributed to the open trade war launched by the White House.
On the other hand, Nvidia, such as Boeing, also gained key heat from negotiations and seems to be politically approaching the Trump administration, despite the fact that its supply chain has strong exhibitions to China.
Source: Ambito
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