Daily Diary – Page 65 – TheStreetPro TSP Site

Subscriber Comment of the Day (And My Response)

Doug Kass on May 18, 2026

Johnthegreek

With all due respect to my friend Doug, if “being early” means missing out on profits it is not “right as rain.”

I think DK may agree.

Dougie Kass

jtg

Like some, I don’t dwell on the mistakes I have made in the past. There is no percentage in doing that.

As I regularly write I make many mistakes and I am always in doubt.

I show my own primary analysis for subscribers and they can determine the merit. (Unlike others I don’t rely entirely on AI to explain my positions, I do it “bottoms us and top down.” And unlike others I don’t repeat the same thought/criticism ad nauseum – it becomes a “cause” for those people.)

I show most of my trades and investments in real time.

I admit to my mistakes and I try to limit the self congratulations.

To me, it is my analysis that has value to subscribers – as I often provide a logical, thoughtful and contrarian view. From there, subs should use their own knowledge, rely on others that they trust and weight all this in coming down to investment conclusions.

dougie

Tweet of the Day (Part Deux)

Doug Kass on May 18, 2026

Tell no one: the mkt has repeatedly 'discounted' the resolution of the Iran War. The eventual celebration of an agreement is likely to be briefer than might otherwise be expected. It is what you don't anticipate, and for the mkt there are so many candidates, that will kill you https://t.co/BPPuJugJPQ
— Scarlett & Carter's BaPa (@KASDad) May 18, 2026

Position: None

Covered My Tech Shorts

Doug Kass on May 18, 2026

I covered the balance of my individual technology shorts for some good profits:

* $AMD $416.30 (-$6)

* $NVDA $221.08

* $MU $$680.95 (-$42)

* $SNDK $1,291.61 (-$115)

* $INTC $106.42 (-$2)

Position: None

Boockvar on Builder Sentiment

Doug Kass on May 18, 2026

From Peter Boockvar:

Builder sentiment a bit better but mood still sour

The May NAHB home builder sentiment survey rose 3 pts to 37 and better than the estimate of no change but still remaining well below the breakeven of 50. The key component that is Prospective Buyers Traffic on the demand side rose 3 pts after falling by a like amount in April but at just 25, it’s half the breakeven level.

The NAHB said “The housing market remains soft as higher mortgage rates, rising gas prices and economic uncertainty related to the war in Iran continue to dampen buyer demand.”

On what builders are doing to drive better demand, “The latest HMI survey also revealed that 32% of builders cut prices in May, down from 36% in April. The average price reduction was 6%, up from the 5% figure in April. The use of sales incentives was 61% in May, up slightly from 60% in April, and marking the 14th consecutive month this share has reached 60% or higher.”

Bottom line, nothing new here as we know all about the affordability challenges that particularly afflicts the young first time buyer. And now we have another move up again in mortgage rates.

NAHB