Michael Burry Warns on 182-Day Calm Streak, Urges Investors to Avoid Leverage
Updated
Updated · Yahoo Finance · Aug 14
Michael Burry Warns on 182-Day Calm Streak, Urges Investors to Avoid Leverage
2 articles · Updated · Yahoo Finance · Aug 14
Summary
182 consecutive trading sessions without at least 80% of NYSE volume declining prompted Michael Burry to warn that a market reversal may be building beneath the surface.
Burry cited BTIG strategist Jonathan Krinsky's research showing every year in the past 30 has logged at least five such broad selloff sessions, making 2026 an outlier if the streak holds.
Leverage is the main risk, Burry said, because major market cycles can take months or years to unfold, leaving investors vulnerable to being wiped out before the thesis plays out.
Last month's forced unwind of AI-focused hedge fund Situational Awareness after an AI stock selloff reinforced that point, and Burry has also warned the AI boom could end in overcapacity and "ghost towns."