Things I Did Today

Avatar photo Doug Kass on June 24, 2026

Here are today’s things: 

* Added aggressively (again) to cannabis: $VRNOD at $5.35, $GLASF at $11.80, $GTBIF at $7.12, $TRLV at $8.06 and $MSOS at $4.43.

* Shorted more $JOET at $45.33.

* Repurchased consumer staples: $KMB at $105.15, $KO at $81.01, $PG at $151.37 and $PEP at $142.01. 

Position: Long MSOS (L), GLASF (S), GTBIF (S), TRLV (S), KMB (S), KO (S), PG (S), PEP (S), VRNOD (S/M); Short JOET (S)

Getting Bearish

Avatar photo Doug Kass on May 27, 2026

I am increasingly bearish.

I just sold out the balance of my three staples longs:

* ($KMB) $101.92 (+$3.15)

* ($PEP) $148.21 (+$2.51)

* ($PG) $148.05  (+$5.01)

I plan to buy back these positions in a meaningful correction – if we ever get one!  

Positions: None.