How deep is your love, how deep is your love How deep is your love? I really mean to learn ‘Cause we’re living in a world of fools Breaking us down when they all should let us be We belong to you and me
Under the influence of a prolonged conflict in Iran, the uncertainty of improvisational policy in Washington D.C., rising interest rates and an accelerating rate of inflation — equities have been heading lower since late last week.
Machines, that worship at the altar of price, have begun to mechanically sell. (A perma-bull panelist on CNBC blamed the market decline over the last several days on algo selling, but failed to highlight that algos likely contributed to the upside explosion in stocks since March 2026).
How deep is the market’s love?
We will likely find out in the next several weeks.
I remain bearish, as highlighted in my recent five-part missive.
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."
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