Is the pin getting bigger for the stock bubble? Soros thinks so
With a return to the highs in stocks following last months wobble, questions are still being asked if we’re still nearing a top. One person who thinks we are is George Soros who has more than doubled his shorts on the S&P. According to last weeks filings his fund increased a put position in an S&P ETF by 154% in the last quarter. His position now stands at $1.3bn and is the biggest position in the fund at around 11.12%. In Q2 it stood at 13.54% and was cut to 5.14% in Q3.
The filing are based on the end of December so obviously the position may have changed but it still represents a big short (unless it’s a hedge).
Popping time again?