Examining ‘Group Stink’

Avatar photo Doug Kass on July 8, 2026

* And fading it…

I don’t own and am currently short (and have been recently short C, JPM, GS, MS, UBER, NFLX, homebuilders, etc.) some of the most consensus sectors.

I am long some of the most non-consensus sectors.

Consensus Longs:

* Memory: SanDisk ($SNDK), Micron ($MU), Intel ($INTC), AMD ($AMD), Applied Materials ($AMAT) (“it’s different this time”)

* Value Tech: Adobe ($ADBE), Oracle ($ORCL), ServiceNow ($NOW) and Nvidia ($NVDA)

* Tech With Biggest Moat: Apple ($AAPL)

* Value Industrial: Caterpillar ($CAT)

* Best Overall Value: Homebuilders

* Streaming: Netflix ($NFLX)

* Autonomous: Uber ($UBER)

* Entertainment: Disney ($DIS)

* Financials: JPMorgan ($JPM), Citigroup ($C), Goldman Sachs ($GS), Morgan Stanley ($MS) 

* Frontier Exposure “For The Long Haul”: SpaceX ($SPCX)

Non-Consensus Longs:

* Cannabis: $MSOS, $VRNOD, $TRLV, $GTBIF, $GLAS

* Private Equity: Apollo ($APO), Blackstone ($BX), KKR ($KKR)

* Consumer Staples: Kimberly-Clark ($KMB), PepsiCo ($PEP), Procter & Gamble ($PG)

Positions:

Long MSOS (L), VRNOD (S), TRLV (S), GTIBF (S), GLAS (S), APO (S), BX (S), KKR (S), KMB (S), PEP (S), PG (S)

Short SPCX (VS), SNDK (VS), MU (VS), INTC (VS), AMAT (VS), AMD (VS), CAT (VS)

 

Things I Did Today

Avatar photo Doug Kass on July 6, 2026

Here are today’s things:

* Re-shorted indices — $SPY at $748.84 and $QQQ at $722.33.

* Added to $GRNY short at $27.87 — moved to large sized.

* Shorted $JPM $337.81 and $C at $142.90.

* Added to $MSOS at $4.77 and selected individual cannabis shares — $TRLV, $VRNOD, $GTBIF and $GLAS. 

Position: Long MSOS (M), TRLV (S), VRNOD (M), GTBIF (S), GLAS (S); Short JPM (M), C (S), GRNY (L), SPY (S), QQQ (VS)

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)

Things I Did Today

Avatar photo Doug Kass on June 23, 2026

Here are today’s things:

* Covered 1/2 of my $SPCX short at $153.85.

* Covered brokerage shorts in $MS at $222.51 and $GS at $1,080.90.

* Covered tech shorts: $DRAM at $70.26, $SNDK at $2,051 and $MU at $1,099. 

* Covered $IWM short at $293.33.

* Added to cannabis longs: $MSOS at $4.50, $GTBIF at $7.28, $TRLV at $8.55 and $VRNOD at $5.29.

Position: Long MSOS (L), GTBIF (S), TRLV (S), VRNOD (S); Short SPCX (VS) 

Things I Did Today

Avatar photo Doug Kass on June 22, 2026

Here are today’s things:

* Shorted $SPY at $749.07 and $QQQ at $743.67 — covered SPY at $744.80 and QQQ at $737.99.

* Added to $JOET short at $45.64 and $GRNY short at $27.63. 

* Shorted a package of high-beta tech.

* Shorted more $MS at $227.32.

* Shorted more $IWM at $297.07.

* Added to longs $MSOS at $4.76, $MSOX at $3.00, $GTBIF at $7.55, $VRNOD at $5.55, $CURLD at $9.73 and $TRLV at $9.40.

Position: Long MSOS (L), MSOX (VS), GTBIF (S), VRNOD (S), CURLD (VS), TRLV (S); Short high-beta tech package, JOET (S), GRNY (M), MS (M), IWM (S) 

Favorite Long, Favorite Short

Avatar photo Doug Kass on June 17, 2026

Favorite Long Verano Holdings: ($VRNOD) (5-1 estimated reward vs. risk)

Favorite Short Fundstrat Granny Shots US Large Cap ETF: ($GRNY) (21/2-1 estimated reward vs. risk)

Positions: Long VRNOD S; Short GRNY M

Cannabis Adds

Avatar photo Doug Kass on June 16, 2026

I added to $MSOS, $VRNOD, $GTBIF, $CURLD and $TRLV longs this afternoon. 

Position: Long MSOS (L), VRNOD (S), GTBIF (VS), CURLD (VS), TRLV (VS)