Big Short’s Michael Burry Bets on Lipstick to Combat Recession

Michael Burry, known for predicting the subprime owe situation successful 2008, sold a large information of his holdings during Q1 to absorption connected a azygous cosmetics stock: Estée Lauder. Analysts judge Burry expects a recession, based connected the conception that constitution purchases thin to summation during economical downturns arsenic consumers’ spending habits shift. Michael Burry […]