Author: Doug Kass

Positions: None.

Positions: None.

Treasury Auctions

11:00 a.m.: Treasury Announces a 4, 8 and 17 Week Bill Auction; 

11:30 a.m.: Treasury hosts an $89B 3 and a $77B 6-Month Bill Auction; 

1:00 p.m.: Treasury hosts a $85B 6-Week Bill Auction; 

1:00 p.m.: Treasury hosts a $69B 2-Year Note Auction

Economics Calendar

10:30 a.m.: Dallas Fed Manufacturing Activity (May);

Positions: None.

As I mentioned when I started to reaccumulate cannabis stocks… uplisting lies ahead.  

Sooner than later: 

First of many and this is a measure to prepare for up-listing. $MSOS $CURLFhttps://t.co/YWb3UUFfE2

— Anthony Varrell (@V_arrell) May 26, 2026

Expect the other weed stocks that trade under $5 (minimum requirement for major stock listings) to do reverse splits. 

Positions: Long CURLF VS MSOS M

UBS raising $MU pt to… $1,625 pic.twitter.com/jVO4G5ldq1

— Dr Vinnie Boombatz (@halfblindmonkey) May 26, 2026

Position: None

Position: None

I’m increasing short exposure (see opener coming up!):

* $SPY $751.31

* $QQQ $726.17

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

Cassandra Unchained:

Short Thoughts May 25, 2026 – by Michael Burry

Position: None

US consumer stocks are extremely weak:

The equal-weighted US consumer discretionary index relative to the S&P 500 is down to 0.07, the lowest in at least 20 years.

Since 2021, this ratio has fallen -42%, dropping below both the 2020 and 2008 lows.

Over this period, the S&P 500… pic.twitter.com/mkwwiwnmAC

— The Kobeissi Letter (@KobeissiLetter) May 26, 2026

Position: None

Michael Burry has said: "I stand by my analysis. I am not claiming Nvidia is Enron. It is clearly Cisco."

— unusual_whales (@unusual_whales) May 26, 2026

Position: None