Category: Daily Diary

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

If enough other companies report the same, the bubble pops. 🫧 https://t.co/YGYe5Rdo35

— Gary Marcus (@GaryMarcus) May 25, 2026

Position: None

The S&P Short Range Oscillator remains in a slight oversold at -0.71% vs. -0.87%.

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

From our Comments Section:

Dougie Kass 7h ago

Monday Night Trading (801PM)

Shorts added to:

SPY $751.01

QQQ $724.61

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

After-Hours % Advancers

After-Hours % Decliners

Position: None

Closing Volume

– NYSE volume 8% below its one-month average  

– NASDAQ volume 3% above its one-month average 

– VIX index:  up 0.06% to 16.77

Breadth

S&P 500 Sectors

% Movers

Nasdaq 100 Heat Map

Closing S&P 500 Heat Map

Position: None

At 2:52 PM:

Position: None