Month: July 2026

I have three research calls between 12:30 PM and 2 PM.

Radio silence.

Position: None  

Here are today’s things:

* I covered my SPY at $748.23 and QQQ at $716.51 shorts.

* I added to shorts in JPM at $340.44 and C at $145.01

* I added to MSOS at $4.49, GTBIF at $7.15  and TRLV at $8.71.

Position: Long MSOS (L), GTBIF (S) TRLV (S); Short JPM (M), C (M)

Another intraday low in TLT and high in bond yields.

Position: None

This estate sale (from late May) has saved millions of dollars:

Estate Sale

* I am the anti Boca Biff…

I am the executor of a large estate. The estate has been probated for about two months.

The estate has a very large and concentrated equity portfolio. (NVDA represents over 40% of the account, FTAI, EQIX, IIPR and a bunch of BDCs are the major components of the estate’s stock portfolio.)

I have patiently waited to liquidate the equities.

Yesterday afternoon I liquidated the entire stock portfolio. Not one share of equities remain. Given the elevated level of stock prices I wanted zero (nada, zilch) stock exposure.

Upon settlement I plan to put the proceeds into a money market fund on Monday morning.

This is called an Estate Sale.

Post Script: I recently spoke to Boca Biff for the first time in years. More on Boca Biff’s stock trading early next week.

Position: None

BY Doug Kass · May 29, 2026, 7:00 AM EDT

Position: None

Around a dozen Senate Democrats are planning to soon refile the federal legalization bill, the Cannabis Administration and Opportunity Act (CAOA), a Senate staffer tells The Marijuana Herald, with the move intended in part to counter Trump’s increasingly pro-cannabis agenda.

— Anthony Martinelli (@AMartinelliWA) July 7, 2026

Position: None

Position: None.

@jimcramer @carlquintanilla
Shocked, shocked that Wall Street is initiating $SPCX as a strong buy.
What else is new?
The company is and will be a gravy train for underwriters.
Whatever happened to healthy skepticism of Wall Street research?
Wall Street exists to sell you…

— Dougie Kass (@DougKass) July 7, 2026

Positions: Short SPCX S