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'Big Short' Legend Michael Burry Bets Big On Lipstick Index: Is He Bracing For A Recession?
benzinga.com/news/large-cap/25/05/45499101/big-short-legend-michael-burry-bets-big-on-lipstick-index-is-he-bracing-for-a-recession
Legendary investor and hedge fund manager Michael Burry recently doubled down on his investment in cosmetics giant Estée Lauder Companies, Inc. (NYSE:EL). Burry's move could reflect a strategic bet on the so-called “Lipstick Index,” which suggests consumers turn to more affordable…
This story appeared on benzinga.com, 2025-05-19 16:10:53.