Michael Burry
· Cassandra Unchained
· April 22, 2026 at 22:10
· ⏱ 2 min read
| Read on Substack ↗
Summary
The author argues that market tops are a process, not a singular event. He suggests the market will likely continue its upward trend for a few more months, possibly into the election season, before a definitive top is established.
•Markets do not form "needle tops"; topping is a process that takes time.
•The path of least resistance has been upward since the market reached new highs.
•A potential market top may not fully form for several months, possibly not until the election season.