The S&P 500 just hit a new high. ‘Big Short’ investor Michael Burry thinks it could bring a 1987-style fall.

The S&P 500 recently achieved a new all-time high, prompting Michael Burry, known for his "Big Short" bet, to express concerns about a potential market correction reminiscent of the 1987 crash. This commentary primarily impacts risk appetite, as a prominent bearish voice suggests significant downside risk after a period of strong equity performance. Assets most exposed are broad-market equity indices, particularly growth-oriented segments of the S&P 500, due to their higher sensitivity to shifts in investor sentiment and potential for rapid unwinding of long positions. Traders will closely monitor upcoming inflation data, such as the Consumer Price Index, and Federal Reserve communications for any signals that could either validate or contradict the current market valuation and Burry's cautionary outlook.

HIGH-impact news is typically a market-moving event with multi-pip or multi-percent intraday reactions. Examples include central bank rate decisions, major CPI/NFP releases, geopolitical shocks, mega-cap earnings beats/misses, and regulatory announcements. Traders typically position-reduce or hedge ahead of scheduled HIGH-impact events, and follow the wire in real time to react to unscheduled ones (war headlines, central-bank emergency statements, surprise corporate actions). The Trading News Terminal squawk box reads every HIGH-impact headline aloud the moment it hits the wire — so active traders don't have to stare at the feed.

Active traders typically follow a three-step workflow when a market-moving headline hits the wire: (1) read the headline on the terminal or hear it on the squawk box; (2) assess whether the news is already priced in (by checking intraday price action in the seconds before) or whether it's genuinely new information; (3) act — either entering a breakout position, fading an overreaction, or tightening stops on existing trades. Trading News Terminal's Pro plan delivers wire-grade headlines within seconds of the source, with automatic audio squawk on every HIGH-impact event, so the read-assess-act cycle never waits on a refresh button.