Wall Street Hits Record Highs As Michael Burry Warns Of Crash

United States stock indices touched fresh record highs as the S&P 500 climbed 1.9% to close at 7,737 and the Dow Jones Industrial Average crossed 54,000. Market momentum extended further as the S&P 500 added 0.4% and the Dow gained 1.1% in subsequent trading sessions. Investor sentiment improved following optimism over potential Middle East developments that could reopen the Strait of Hormuz and ease global oil supply pressures.

Despite the broader market euphoria, investor Michael Burry issued warnings of a potential 1987-style market crash. Writing on Substack, Burry cautioned that falling market volatility encourages systematic funds to amplify leverage, creating vulnerable rallies. He maintains aggressive short positions against multiple high-profile equities including Nvidia, Tesla, Palantir, and the iShares Semiconductor ETF.

Individual equities exhibited sharp divergence alongside the broader market ascent. SpaceX shares tumbled 12% after reporting its first public quarterly earnings with heavy AI spending, while Advanced Micro Devices slid 7.2% on an underwhelming sales forecast. Indian markets continue tracking these global macroeconomic crosscurrents and commodity price adjustments closely.