I’m moving back from medium-sized to small-sized short SPY:
* Covered at $744.21
From earlier today:
I have moved to medium-sized short (SPY) at $751.01
Positions: Short SPY M
BY Doug Kass · Jul 2, 2026, 10:05 AM EDT
Position: Short SPY (S)
Plus, the market is starting to re-think the number of Fed rate hikes ahead.
I covered some more of my high-beta, high-tech short basket:
* SNDK $1795 (-$236)
* AMD $517.13 (-$23)
* AMAT $600.25 (-$51)
* MU $997.19 (-$35)
* INTC $122.90 (-$4)
Position: Short SNDK (VS), AMD (VS), AMAT (VS), MU (VS), INTC (VS)
Given my rising confidence level, I stepped up and added to MSOS just now at $4.86.
Position: Long MSOS (S)
SanDisk, Micron, Western Digital and others got a Wednesday beating, so let’s take a look at the charts and see how to handle ’em now.
JSR1111
15m ago
I’ve seen a lot of comments on the weak breadth of the market in recent months. Does the recent rally in RSP and other broader incdices get anyone less bearish? And while rates are at the mid-to-higher end of the recent range, I get the same sense that bears notice rates rising but not when they stabilize/ebb.ReplyShare
Dougie Kass
just now
good question
to me its more of a momentum trade now, than a statement trade (suggesting a further broadening)
it could be short lived
Positions: None
I am now short C ($C) and JPM ($JPM) against my private equity longs ($BX), ($KKR) and ($APOL)
Positions: Long BX S KKR S APOL S; Short C S JPM S.
The company’s products are a necessary ingredient for AI infrastructure.
I have taken in some of my SNDK and MU shorts:
* SNDK ($SNDK) $1889 (-$141)
* MU ($MU) $1008.50 (-$24)
Positions: Short SNDK VS MU VS
I added to my GRNY ($GRNY) short at $27.88.
Positions: Short GRNY M
