Michael Burry Warns 182-Session Selling Drought Could Snap as AI Rally Stretches
Updated
Updated · CNBC · Aug 11
Michael Burry Warns 182-Session Selling Drought Could Snap as AI Rally Stretches
3 articles · Updated · CNBC · Aug 11
Summary
BTIG data cited by Michael Burry showed Wednesday was the 182nd straight trading session without 80%-plus downside volume on the NYSE—the longest such streak in at least 30 years by nearly 50 sessions.
Burry said the technical calm fits fundamental risks he has flagged since November 2025, arguing the unusually smooth market could still give way to the reversal he has been anticipating for months.
Jonathan Krinsky said a full 2026 without an 80%-plus downside-volume day would be unprecedented in at least three decades; every prior year logged at least five such sessions.
Burry, already warning that U.S. valuations ignore fundamentals, has also targeted the durability of AI-driven spending and urged investors to avoid leverage because major market cycles can take months or years to unfold.