Author: Doug Kass

Doug Kass is a world-renowned hedge fund manager with decades of experience and success navigating through some of the most turbulent periods in market history. He is known for his time-tested analytical skills and ability to look past the current noise and herd mentality. On TheStreet Pro, Kass provides frequent market commentary and investing ideas for active investors throughout each trading day in Doug’s Daily Diary. He also serves as president of Seabreeze Partners Management Inc. Previously, he served as a senior manager at Omega Advisors, a $6 billion investment partnership. He co-authored a book with Ralph Nader and the Center for the Study of Responsive Law called “Citibank: The Ralph Nader Report” and can be found as a guest host on CNBC's "Squawk Box." A Note from Doug: Current strategies and actionable trade ideas -- all on one dynamic platform built exclusively for active trades. From sudden sell-offs to sudden spikes, TheStreet Pro arms you with crucial analysis -- at a rapid fire, professional pace -- to help you make sound trading decisions -- every day, every hour, and every minute. Join me and my team of professional traders for unique perspectives and breakthrough investment opportunities.

Back Shorting the Indices on a Scale

Doug Kass on June 9, 2026

S&P cash is now only -23 handles. I am back shorting the indices on a scale:

* $SPY $737.12

* $QQQ $707.26

Position: Short SPY (VS), QQQ (VS)

Now Out of Trading Long Rentals

Doug Kass on June 9, 2026

I’m out of trading long rentals at similar prices to previous.

Position: None

Halving My Index Longs

Doug Kass on June 9, 2026

With S&P cash -84 handles (about a 65-point rally from the lows) I am halving my long trading rental in the indices:

* $SPY $731.08
* $QQQ $699.15

Position: Long SPY (VS), QQQ (VS)

To Small From Very Small on Index Longs

Doug Kass on June 9, 2026

With S&P cash -150 handles I have moved from very small sized to small sized long the indices:

* $SPY $724.55

* &QQQ $688.26

Position: Long SPY (S), QQQ (S)

The Last Leg Lower

Doug Kass on June 9, 2026

The last leg lower in the markets is likely a response to this Truth Social Post:

Position: None

Some More Index Longs

Doug Kass on June 9, 2026

I added to a very small long rental of the indices with S&P cash -117 handles:

* $SPY $727.49

* $QQQ $693.99

Position: Long SPY (VS), QQQ (VS)

My Tweet of the Day

Doug Kass on June 9, 2026

These FIN TV shows are hysterical – but disingenuous.
When tech is leading (and the panelists are all in MAG7)… they pat each other on the backs.
When tech gets schmeised like today – they don't discuss how they are getting hurt (by those holdings), but use today's rotation as…
— Dougie Kass (@DougKass) June 9, 2026

Position: None

Now VL in MSOS

Doug Kass on June 9, 2026

I moved to very large in $MSOS at $5.45.

Position: Long MSOS (VL)

More Index Longs

Doug Kass on June 9, 2026

With S&P cash -103 I added small to the index longs:

* $SPY $729.04

* $QQQ $697.96

Position: Long SPY (VS), QQQ (VS)

JOET and GRNY Covered

Doug Kass on June 9, 2026

I covered my $JOET $44.10 and $GRNY $26.64 shorts just now.

I plan to reshort strength.

Position: None