Stock Rally Relaxes as does Oil

7/27/2026 I watched the Big Short, movie, on Aamazon Prime this weekend. It is the story of how Michael Burry identified weak mortgages, his group created CDOs Collateralized Debt Obligations to short mortgages. I am amazed something this financially complex made it to the Big Screen but it did, worth a watch. Now comes Dr. Burry's, he is a MD of all things, positions today. Comments (126) "The Big Short" investor Michael Burry disclosed a round of portfolio changes on Substack on Friday, deepening several short bets while expanding select long holdings. Michael Burry added to his bearish bets on Micron (MU), Nvidia (NVDA), and other semiconductor names. Burry said in a Substack post that he "sold short" more shares of Micron Technology (MU) at $933.86 and added to his Nvidia (NVDA) short at $210.28, Stocktwits reported. The 'Big Short' investor also increased his exposure to Flutter (FLUT) and DraftKings (DKNG). His existing bearish positions in Tesla (TSLA) and Palantir (PLTR) remain in place. Burry said he has not covered his short position in Tesla (TSLA), adding that it "gets smaller all on its own." Additionally, Burry also "sold short more" Caterpillar (CAT) at $893.49 and added to his short position in the iShares Semiconductor ETF (SOXX) at $535.83. He said the SOXX position, together with his puts, represents a large position. I don't know when he initiated his short in SOXX but that is essentially what is holding up the market. __________________ Stock Indexes NDX SOX jumped sold off and then recovered later today. Oil dropped $7.57 to end the ay thought energy and service were not hurt as badly as I would have thought. The cessation of bombing of Iran by US does mean the US is out of targets and weapons despite, as usual, what Trump says. And the Houthis are still holding htings up on the south side of the Red Sea. Iran took it all and like that old Timex ad, is still ticking. Oil and energy stocks appear to be undergoing consolidation which may well take through August. That's it for Monday.