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U.S. stocks to fall?"Big Short" Prototype Clears Jingdong and Alibaba in Second Quarter

As a classic financial film, the movie "Big Short" depicts a vivid picture of the financial crisis for moviegoers.。Among them, the male owner's series of divine operations in the film also shows his deep insight into the financial market, enabling him to make a strong comeback before the storm.。In fact, the protagonist has a prototype in real life, he is the American hedge fund manager Michael Bury, he manages the fund called Scion Asset Management, the current market value is close to $2 billion.。Currently, according to the just-disclosed 13F report, the Wall Street legend has made another big move, and the direction is still - bearish。According to the report, in the second quarter of this year, Bury was valued at 7 in nominal terms..$3.9 billion bought put options on ETFs that track the Nasdaq 100, as well as a notional value of 8.$8.6 billion bought put options on the SPDR S & P 500 ETF。Put options refer to the right to give investors the right to sell securities at a fixed price in the future, as an example, if the NASDAQ 100 and the S & P 500 are oversold in the future, Bury still has the right to sell these assets at the price specified in the option contract, locking in his own losses, so the purchase of put options is usually considered to express a bearish or defensive view.。Not only that, Bury also liquidated two Chinese Internet giants in the second quarter, Jingdong and Alibaba.。Interestingly, these two stocks were still on Bury's mind last quarter, and at one point were heavily overweight, making them the top two heavyweights.。I didn't expect that within a few months, Bury would liquidate it in a shocking way.。It seems that the real-life big-short archetype, like the one in the movie, is radical in style and decisive in killing.。

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