We have been hearing about commodity prices soaring with Lumbar and Copper prices rising over 200% and 70% respectively. Is Michael Burry, which famously predicted the collapse of the US Subprime housing bubble, sensing that inflation will be soaring? His investment firm (Scion Asset Management) has bought a big position in the ETF ProShares UltraShort 20+ Year Treasury. It seems Michael is expecting the 20 year Treasury to decline and yield going up., which mean inflation may go up.
More interestingly, Michael is betting big that Tesla‘s share price will decline as he bought put options on Tesla worth more than $500 million. The last time he bet this big was when he bet against the US subprime housing market back in 2008.
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