Fed hopes melt, stocks sink

Michael Burry, the 'Big Short' investor who made his fame and fortune betting against the U.S. housing market in the mid-2000s, is closing his hedge fund. On Wednesday, he posted on X that he has bet $9.2 million shorting Palantir stock, although it's unclear if that position is still open.Very broadly speaking, a split appears to be forming between Fed governors and regional bank presidents: governors, nominated by the president, are leaning ‌dovish; regional bank presidents, less so. Since 1990, the most ...