Report post
Michael Burry, known for his bet against the housing market, is now placing a $1.6 billion bet that the stock market will crash. His focus on bespoke CDOs and tranche opportunities highlights the complexity of the financial instruments. CDOs, or Collateralized Debt Obligations, bundle various loans and divide them into tranches, with varying risks and returns. Burry's predictions for a 2024 stock market crash are rooted in his analysis of these complex structures.

The World's Leading Crypto Trading Platform

Get my welcome gifts