S&P 500 hits record high, but Michael Burry warns of a 1987-style crash

The S&P 500 reached a new all-time high following Tuesday's surge. Famed investor Michael Burry, known for predicting the 2008 financial crisis, warns that the rally could end in a sharp crash reminiscent of the Black Monday collapse of 1987. Burry is maintaining his bearish stance on the tech sector despite the record-breaking gains.