Siemens stock takes off on guidance upgrade, earnings beat

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The trains-to-industrial-software group's stock was 7.1% higher in early trading, hitting its highest level since January 2022 and making it the second biggest gainer in the Stoxx Europe 600 Industrial Goods & Services Index.

Burry's tweet seems to be hinting that enthusiasm that the stock market will continue on an upward trajectory is misplaced, and that history is repeating itself here. And even if the Fed does cut rates—which at this point it has no plans to—Burry believes the latest rise in markets will fade.

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