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Hot CPI Could Kill Interest Rates Hopes

Money flowed out of tech and into retail, banking, homebuilder and biotechnology on Tuesday.

Chris Versace on June 9, 2026

Aspects of May inflation data may surprise to the upside this week, and what that could mean for the Fed.

Doug Kass on June 9, 2026

Covered the index shorts for a quick profit:

Dougie Kass11m ago

S and P cash is now only -23 handles I am back shorting the indices on a scale:

* SPY $737.12 * QQQ $707.26

Dougie Kass just now

That was quick, s and p cash -60 and i covered this small short.

spy $733.70 qqq $702.24

locomotion!

Position: None

Doug Kass on June 9, 2026

S&P cash is now only -23 handles. I am back shorting the indices on a scale:

* $SPY $737.12

* $QQQ $707.26

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

Chris Versace on June 9, 2026

Let’s get ready for the May CPI and PPI reports.

China’s tech industry got a domestic AI boost despite fresh allegations of ties to China’s military for Alibaba, Baidu and BYD.

Doug Kass on June 9, 2026

I’m out of trading long rentals at similar prices to previous.

Position: None

Doug Kass on June 9, 2026

With S&P cash -84 handles (about a 65-point rally from the lows) I am halving my long trading rental in the indices:

* $SPY $731.08
* $QQQ $699.15

Position: Long SPY (VS), QQQ (VS)