Michael Burry’s Latest Bet Highlights Growing Concern of Melt-Up

Published on April 28, 2026

Technology megacaps are pushing benchmark indexes to new records while the rest of the market is lagging behind. Traders can be forgiven for feeling like they’ve seen this movie before.

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Richmond Manufacturing Index Reaches 20-Month High

April 28, 2026
Fifth district manufacturing activity increased in April according to the most recent survey from the Federal Reserve Bank of Richmond. The composite manufacturing index rose three points points to 3, marking the highest level for the index in 20 months. This month's reading was above the forecast of 2.

Consumer Confidence Edged Up Again Despite Spiking Prices

April 28, 2026
The Conference Board's Consumer Confidence Index® edged up for the third consecutive month in April, rising 0.6 points to 92.8. While the recent monthly gains have been modest, the index has reached its highest level of the year and outpaced the forecast of 89.0.