The S&P 500 has dipped below its 50-day moving average for the first time since April 30, signaling a potential shift in market sentiment. Michael Burry is raising concerns about AI firms’ inflated profitability claims, arguing they conceal the substantial costs of their data centers. These developments are adding to already growing uncertainty within the US markets, as new housing proposals, potential stimulus measures, and fluctuating interest rates collide with weakening consumer spending trends. Financial analyst Charlie Bilello highlights these points in his latest analysis from The Weeks in Charts, emphasizing the growing complexities in the market landscape.