My children often tell me that “today” is the best or worst day ever.
Sometimes both land on the same day
Apparently it is possible to have the worst day ever multiple times a week. Unrelated. The benchmark S&P 500 keeps tagging fresh records and the tech-heavy Nasdaq Composite refuses to roll over.
And yet Wall Street’s most famous bear has called the top again. In early May 2026, Michael Burry told his more than 200,000 Substack subscribers that “the market has jumped the shark” and that “the end of… this… is nigh.” He has also taken a significant leveraged short position, reportedly through January 2027 put options on the semiconductor ETF SOXX. The comparison that should give every long-only mega-cap tech investor pause is the one Burry actually made.