Famous investor Michael Burry, known for predicting the 2008 financial crisis, has made some significant changes to his investment portfolio. Burry has sold all his shares in the Sprott Physical Gold Trust ($PHYS), despite its 23% gain over the past six months. This decision coincides with a drop in cryptocurrencies and a slowdown in inflation, as indicated by the latest US Consumer Price Index (CPI) report. The decrease in inflation suggests that the Federal Reserve might lower interest rates soon, which influenced Burry's decision to move away from gold.
Instead of gold, Burry has increased his stake in Shift4 Payments ($FOUR) and invested in Hudson Pacific Properties ($HPP). He is betting on a recovery in the commercial real estate market. These moves indicate that Burry is adjusting his investment strategy based on his assessment of the current economic landscape and his expectations for future market trends. [638620a4]