Michael Burry’s Latest Warning Comes as AI Mega-Caps Quietly Run the Market

Michael Burry is warning that Wall Street's longest calm streak in three decades is a red flag. The calm has held even as a small group of AI-linked mega-caps drives most of the market's gains.

Burry predicted the 2008 housing collapse and is a known skeptic who often sees his calls come true. He says this streak echoes warnings he has made since November 2025.

A Record Streak Without a Selloff

BTIG technical strategist Jonathan Krinsky tracks a specific signal. He measures days when at least 80% of New York Stock Exchange (NYSE) volume comes from falling stocks.

Wednesday marked the 182nd straight session without one of those days. Historically, this is the longest streak in at least three decades, and nearly 50 sessions longer than the previous record.

Krinsky notes that every year in the past three decades has recorded at least five of these sessions. A full 2026 without one would mark a first.

"That sort of technical factor on its own is easy to ignore. However, I have been writing about fundamental reasons for something like this to happen since November of 2025."

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