SPYS&P 500NeutralS&P 500

Yesterday on

Respectfully @RyanDetrick I am hearing alot from you and others that: * the best market days happen very close to the worst days and * the need to stay fully invested - if not one misses days like yesterday. (20) Ryan Detrick, CMT on X: "Last year, the S&P 500 gained 16.4%, but if you missed the best 10 days that dropped to minus 9.5%. Since '90, stocks have gained 7.7% a year, but if you missed the 10 best days each year? It goes down to -15.4%." / X But let's switch your argument around and look at the contrary - the worst days often happen very close to the best days. (And sometimes the worst days are worse than the best days!) But what about missing Thursday - a day in which the averages fell by -5%? What if one's (an investor) risk appetite is non accepting of a -5% drop in the averages in one trading session (and far worse in some higher beta/momentum stocks)? Note: We have seen some of the most storied hedge funds get decimated in the last six weeks. (1) Mike Zaccardi, CFA, CMT on X: "Momentum's dramatic 2H plunge... GS https://t.co/bzZC6T7ErS" / X Or what about the leveraged and unleveraged trader (I am sure many are your clients at Carson) who walk into a down -5% day.... they can be wiped out. @KeithMcCullough @HedgeyeDJ @andrewrsorkin @tomkeene @business @squawkbox @dougkass https://t.co/uUqdHujUdq

SPYS&P 500NeutralS&P 500

Yesterday on

Respectfully @RyanDetrick I am hearing alot from you and others that: * the best market days happen very close to the worst days and * the need to stay fully invested - if not one misses days like yesterday. (20) Ryan Detrick, CMT on X: "Last year, the S&P 500 gained 16.4%, but if you missed the best 10 days that dropped to minus 9.5%. Since '90, stocks have gained 7.7% a year, but if you missed the 10 best days each year? It goes down to -15.4%." / X But let's switch your argument around and look at the contrary - the worst days often happen very close to the best days. (And sometimes the worst days are worse than the best days!) But what about missing Thursday - a day in which the averages fell by -5%? What if one's (an investor) risk appetite is non accepting of a -5% drop in the averages in one trading session (and far worse in some higher beta/momentum stocks)? Note: We have seen some of the most storied hedge funds get decimated in the last six weeks. Or what about the leveraged and unleveraged trader (I am sure many are your clients at Carson) who walk into a down -5% day.... they can be wiped out. @dougkass https://t.co/uUqdHujUdq

BearishSPYS&P 500S&P 500AMDAVGOBroadcomBroadcomCRWVCoreWeave, Inc.CoreWeave, Inc.GEVGE Vernova Inc.GE Vernova Inc.INTCIntelIntelMUMicron TechnologyMicron TechnologyNVDANVIDIANVIDIAQQQNasdaqNasdaqSNDKSandisk CorporationSandisk Corporation

5d ago on

Here is what I wrote on @thestreetpro yesterday (I also posted it on X): Market Observation As it relates to heavily weighted large-cap technology, the election will likely delay the construction of data centers. This means an entire portion of large cap (the “component” companies like Broadcom (AVGO), Nvidia (NVDA), Micron (MU), Advanced Micro Devices (AMD), Intel (INTC), Sandisk (SNDK), etc.) all face an increasingly uncertain sales and profit outlook. (Peripheral AI/data center “plays” like GEV, CAT et al will likely suffer, too). The neoclouds (like Coreweave CRWV) have even more serious problems ahead. These memory and chip stocks represent a meaningful portion of the QQQs. This is an abrupt development and with so many long the newly vulnerable areas a more pronounced period of underperformance may occur over the next few weeks. Ergo, the Nasdaq may lose its leadership role that it has had for a decade. BY Doug Kass · Nov 4, 2026, 9:31 AM EST Position: Short SPY (S)

SPYS&P 500BearishS&P 500

1w ago on

"It might happen! Sh'yeah! And monkeys might fly outta' my butt!" h/t Wayne Campbell, "Wayne's World" Today's Tom Lee @fundstrat rally call , his fifth in three weeks: (9) Just a Dude Who Invests on X: "TOM LEE CLAIMS WE ARE AT A MARKET BOTTOM AND WE WILL SEE THE S&P 500 AT $8,000 BY EOY… https://t.co/XpcLpBx7wb" / X Naturally Joe Kernen @joesquawk sits like a lump on a log and doesn't pushback. (If he was a bear who was wrong (e.g. Jeremy Grantham), he would not be unresponsive!) @KeithMcCullough @Hedgeye_HGRO @RPKInvestor @HedgeyeDJ @gnoble79 @cnbc