Michael Burry Warns of Stock Market Bubble: Household Wealth Shift Puts Retirement at Risk

Michael Burry, a hedge fund manager and author of "The Big Short," has warned that the concentration of household wealth in stocks is a concerning trend. He believes this is a sign of a potential prolonged recession, similar to the late 1960s and late 1990s. Burry specifically mentioned Palantir as an easy short opportunity due to what he views as an AI bubble. His warning on household wealth concentration matters more than his call on Palantir.