A Very Important Chart
Position: None
We’re Picking Up More Shares of This Defense Player
We see a potential positive catalyst that could remove a hangover on the shares ahead.
Howling About JGB Yields
Wolf Street howls about JGB yields.
Position: None
Sticky Inflation Brings on ‘Slugflation’
* Not market friendly…
Another tweet from Q:
Position: None
Some Midday Observations
* Market breadth has improved.
* The Russell is crowing relative to the senior averages.
* Bonds can’t rally.
* Financials can’t hold their gains.
* Many large-cap tech stocks continue to show signs of rolling over.
* It is all $NVDA, all the time.
* On the other hand, consumer non-durables ($KO, $PEP, $PG, $KMB, etc.) are suddenly rallying today after days of weakness.
* The business media is preoccupied with silly data on September weakness. (Another CNBC Blather Survey — there have been nine discussions of this thus far today.)
Bottom Line
A sloppy and trendless tape.
Position: Long PG (VS), PEP (VS), KO (VS), KMB (VS)
Chart of the Day: Boeing Flies Low for Now, But That’s OK
A recent corrective phase may soon be ending as volume is getting thin. Here’s where we see the price hovering now.
De-Flocking Has Hit This Portfolio Holding
As the shares test technical levels, here’s the real catalyst we’re watching.
More Covering
I just covered my trading short rental in JPMorgan ($JPM) at $354.41.
I shorted the stock above $359 yesterday and at $359 earlier in the trading day.
I plan to reshort strength.
Now I can go to lunch!
Position: None
Covering Some CoreWeave
I am covering some of my CoreWeave ($CRWV) short trading rental at $79.94.
From a week ago:
Back Short CoreWeave
I am back short CoreWeave (CRWV) at $85.58.
Position: Short CRWV (VS)
BY Doug Kass · Aug 24, 2026, 12:14 PM EDT
Position: Short CRWV (VS)