Michael Burry's Portfolio Shift: Holding Only One Asset He Deems "Recession-Proof" Amidst Market Volatility.

Michael Burry's Scion Asset Management has shifted to a predominantly bearish outlook, with only one bullish position in Estee Lauder, a cosmetics giant deemed "recession-proof." The firm has purchased put options against Nvidia and major Chinese firms, including Alibaba and Baidu. This move signals Burry's anticipation of a downturn in these sectors and could influence other investors to reassess their portfolios.