Michael Burry Says This Is The Top — Is It?
Episode publishedPodcast: Prof G MarketsProf G Markets
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17,000. I'll be on the side.
My money market's mad.
If money is evil, then that building is hell. The show goes on. The price of merit watch. The show sells.
Welcome to Prophet G Markets. I'm Ed Elson. It is August 6. Let's check-in on yesterday's market vitals. The major indices were mixed after a series of highs. More on that in a second. Brent crude was relatively stable. Treasury yields were flat. And finally, Google shares fell nearly 4% on news that DeepMind's chief scientist is leaving and its CEO, Demis Hassabis, is stepping aside. Okay. What's happening? The S and P 500 just hit another record. The fresh intraday high yesterday followed Tuesday's performance in which the index rose nearly 2% to its first record close since June. The Nasdaq
Well, it'll be on our tombstones. There's no question about about it.
Exactly. I mean, what do you make of this market right now? Because I thought we were all worried about AI, worried about the debt, worried about the reliance on a handful of AI labs, but we're sitting at record highs. So what is the market actually telling us right now?
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