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Michael Burry Shifts Focus to Cosmetics Stock Amid Recession Fears
Michael Burry Shifts Focus to Cosmetics Stock Amid Recession Fears
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Michael Burry, the investor famed for foreseeing the 2008 financial crisis, has liquidated a significant portion of his portfolio to concentrate on Estée Lauder. This MOVE signals his anticipation of an economic downturn, leveraging the historical trend of increased cosmetics sales during recessions as consumers prioritize affordable luxuries.
The pivot reflects a broader defensive strategy among institutional investors, though its implications for crypto markets remain indirect. Digital assets often decouple from traditional recession plays, but Burry’s bearish stance may reinforce risk-off sentiment across speculative assets.
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