Category: Daily Diary

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

I have almost doubled my net short exposure this afternoon.

Position: None

The US consumer sentiment index from the University of Michigan goes back to 1952.

It has never been lower than it is today.

Video: https://t.co/fWxE6zUHQB pic.twitter.com/5YCXG4p9GE

— Charlie Bilello (@charliebilello) May 22, 2026

Position: None

I understand today is a forum for discussing the Fed Chair change.
I understand formulaic programming.
But…
How many times on @cnbc @HalftimeReport @TheJudgeCNBC are the same questions asked (and the same answers received)?

1. Warsh will likely be equity market friendly.
2.…

— Dougie Kass (@DougKass) May 22, 2026

Position: None

– NYSE volume  4% below its one-month average;  
– Nasdaq volume 5% above its one-month average;  
– VIX index:  down 0.60% to 16.66

“An interest rate cut is as likely as a hike for the Fed’s next move; Current Fed position is to hold, and doesn’t believe we should consider hikes in the near future, but can no longer rule them out if inflation doesn’t cool soon; Hikes will be especially necessary if inflation expectations become unanchored.” 

“Breadth of April consumer price increases is concerning.” 

“Inflation will be the driving force in future policy decisions.” 

“The labor market is stabilizing, unemployment is low.”

“While I still harbor concerns about the strength of the labor market in the United States, because of the growing length of the conflict, I have become more concerned that higher energy prices may have a lasting effect on inflation.”

“Based on this recent data, I would support removing the “easing bias” language in our policy statement to make it clear that a rate cut is no more likely in the future than a rate increase.”

“I can no longer rule out rate hikes further down the road if inflation does not abate soon, and that is especially true if measures of inflation expectations, some of which have risen lately, show signs of becoming unanchored.”

Positions: None.

* Houston, there is a problem… 

I am now convinced that AI will become a disruptive and destructive jobs reducer. (I suspect the obtuse notion that it will create new and different jobs will prove inaccurate).

Here is a case in point:

AI is about to change how every home gets listed.

At HomeJab, we’re building tools that let real estate professionals coordinate real-world listing services, from photography and video to cleaning and landscaping, with one AI prompt.

Local pros. Real services. Faster listings.

— Joe Jesuele (@JoeJesuele) May 21, 2026

Positions: None