Not Broadening
$SPY +0.44%
$QQQ +0.26%
$IWM -0.58%
$RSP -0.04%
Position: Short SPY (M)
Lots of News But Little Reaction as Market Yawns
The Dow held up on defensive strength while the Nasdaq lost 1%.
Walmart Sends Stagflation Warning With Harsh Report
As the market quickly forgets a significant Treasury buyback, the retail giant offered a concerning economic update.
Covered IWM Short
I just covered my trading short rental IWM ($IWM) short at $301.62 for a quick profit from yesterday.
From Monday:
Yeah, I’m a Rabid Anti Broadite
“Those people can be so touchy… “
– Seinfeld, The Anti Dentite The Best of Kramer – The Anti Dentite – YouTube
I am back shorting the Russell Index (IWM) at $304.13.
Yada Yada Yada.
Position: Short IWM (S)
BY Doug Kass · Aug 17, 2026, 1:00 PM EDT
Positions: None.
Yeah, I’m a Rabid Anti Broadite
“Those people can be so touchy… “
– Seinfeld, The Anti Dentite The Best of Kramer – The Anti Dentite – YouTube
I am back shorting the Russell Index ($IWM) at $304.13.
Yada Yada Yada.
Position: Short IWM (S)
Good News on Inflation Stops Working
Weak retail sales gapped the market up but it rolled over anyway.
CPI Sets Up Dull Session With a Bid Underneath
Too many people were positioned for a pullback that has not come.
A Cool CPI Report Might Not Actually Be the Good News Investors Expect
Rates have gone straight up since the last cool inflation report.
Small Caps Are Where the Money Is Going
The senior indices sold off while the Russell 2000 gained and breadth stayed positive.