I am taking half of my $MSFT long off at $389.74, for a +$7 gain from a few hours ago.
From earlier:
I just bought back:
* MSFT (MSFT) $382.71
Positions: Long AMZN S MSFT S
BY Doug Kass · Jun 12, 2026, 9:47 AM EDT
Position: Long MSFT (VS)
– NYSE volume 13% below its one-month average;
– Nasdaq volume 6% above its one-month average;
– VIX index: down 0.36% to 19.37
Positions: None.
Amid the SpaceX hoopla, you may missed two of Wall Street’s best weighing in on the chip name. Plus, what to watch on the chart.
The largest initial public offering in history is adding to some concerning trends for the market.
Reshorted the Indices:
* SPY ($SPY) $740.56
* QQQ ($QQQ) $719.87
Positions: Short SPY V S QQQ VS
Two items, including the Fed’s policy decision, are on our radar for next week.
Position: none.
The furniture company has no long-term debt, and sits on a cash position of more than $300 million heading into earnings.
I just bought back:
* AMZN ($AMZN) $235.74
* MSFT ($MSFT) $382.71
Positions: Long AMZN S MSFT S
