News linked to both this project and an event.
According to disclosures from the Michael Burry Stock Tracker, Michael Burry, the real-life inspiration behind "The Big Short," stated on his Substack platform that weekend research has led him to believe the artificial intelligence bubble may soon accelerate its collapse. He disclosed his latest position adjustments: closing short positions include short stakes in Micron ($MU), Nebius ($NBIS), Caterpillar ($CAT), the Semiconductor ETF ($SOXX), Nvidia ($NVDA), Oracle ($ORCL), and CoreWeave ($CRWV); opening new short positions involves initiating a short on MetLife ($MET); and adding to and adjusting long positions includes expanding his Palantir ($PLTR) position, rolling his QQQ stake into a larger Nasdaq ($NDX) position, and increasing holdings in Sprouts Farmers Market ($SFM) and QXO ($QXO).
Bloomberg Intelligence Senior Commodities Strategist Mike McGlone (@mikemcglone11) noted that the Market Vector Digital Assets 100 Index (MVDA) has ceased outperforming the Nasdaq 100 Index (NDX) since the launch of Bitcoin futures in 2017. Although MVDA volatility is approximately three times that of the NDX, performance has remained flat over the past decade, and its positive correlation with the NDX fails to provide effective portfolio diversification benefits. McGlone stated that the approval of U.S. Bitcoin spot ETFs and the policy shift ahead of the 2024 Trump election may already mark a local peak for the crypto market, with a low probability of further upside. Approximately two-thirds of the MVDA's constituents consist of Bitcoin.