I'm bearish too, but not so much like a March 2020 liquidity crisis. I get there is a junk bonds balloon and that's only one factor. I'm sure there are other stats he's looked at that made him bet big again on a big drop.
He did good before for the recent liquidity crisis. Risky as fuck move. Eh, but he's made bad calls before, so not sure if I should be scared of the market then. SARS COV-2 is spreading like wildfire in the USA because people are dumb.
Obvious 2021 bull since the vaccines will be distributed. Already have a bet there.