Dispersion Divergence
Position: None
We’re Accumulating More Shares of This Oversold Holding
We continue to see consumer pressure providing a tailwind moving into the holiday shopping season.
Ed Zitron (Part Deux)
Position: None
Cannabis Tweet of the Day
Position: None
My Tweet of the Day (Part Deux)
Position: Long MSOS common (VL), calls (S)
Thanks to Salesforce, ServiceNow, the Contrarian SaaS Bet Is Paying Off
The Software-as-a-Service (Saas) apocalypse hasn’t arrived, despite the growth of AI.
I’ve Been Buying MSOS Today
I was a large buyer of $MSOS at $4.78 today.
Position: Long $MSOS common (VL), calls (S)
Howling About Warsh
Wolf Street howls about Kevin Warsh.
Warsh Speaks, Treasury Yields Jump, 6-Month to 3-Year Treasury Yields Spike | Wolf Street
Position: None
Chart of the Day: A Close Look at the Cybersecurity ETF
CIBR has been strong throughout selling in the software sector and is poised to continue a breakout.
Trading Update
S&P futures are -27 and Nasdaq futures are -245, which is a big reversal from the earlier market strength.
I have covered my $SPY short at $768.70 on the belief we might have some month-end markups.
I plan to re-short strength if we see markups near the close today.
From earlier today:
Even More…
I shorted more SPY at $755.18.
If it wasn’t for month-end I would go large-sized short SPY.
Position: Short SPY (M)
BY Doug Kass · Aug 28, 2026, 11:10 AM EDT
Shorting More SPY
I added to SPY short at $774.01.
Position: Short SPY (M)
BY Doug Kass · Aug 28, 2026, 11:02 AM EDT
Position: None