In my opening missive on @thestreetpro I explain why I shorted the Indices at 4AM this morning:
Early Wednesday Morning Trading (4:05 AM)
I am back adding to index shorts with S&P futures +20 handles and Nasdaq futures +260 handles:
* $SPY $752.33
* $QQQ $736.17
BY Doug Kass · Jun 17, 2026, 5:44 AM EDT
Unlike Fin TV, I timestamp and memorialize every trade in real time.
And unlike panelists I am often wrong and always in doubt.
I don't sweep my losers under the carpet.
I don't use Twitter or @business to polish my image and "improve" my franchise to sell a service or gather assets.
Bottom Line: I don't really care about B.S.'ing home gamers.
@KeithMcCullough @SamofAmerica @RPKent @HedgeyeDJ
Doug Kass shorted major indices (SPY and QQQ) early Wednesday morning at 4:05 AM, citing elevated futures levels (S&P +20 handles, Nasdaq +260 handles). He entered shorts at SPY $752.33 and QQQ $736.17. Current prices show SPY at $750.33 (-0.60%) and QQQ at $729.86 (-1.90%), indicating his short positions are profitable. However, the post focuses more on his trading transparency and criticism of financial media than on providing specific fundamental rationale for the short thesis.
Shorted at $736.17 when Nasdaq futures were +260 handles. Current price $729.86 (-1.90%) shows larger profit than SPY. News mentions tech earnings and Iran deal hopes driving recent gains, but author gave no explicit reasoning for the short beyond elevated overnight levels. Appears to be mean-reversion trade rather than fundamentally-driven position.
Shorted at $752.33 when futures were elevated. Current price $750.33 (-0.60%) shows short is profitable. Nearby news discusses Fed rate decision and technical indicators, but author provided no specific bearish catalyst. Position reflects tactical call on overnight futures strength rather than articulated fundamental thesis.
关键要点
Shorted indices at 4:05 AM when S&P futures were +20 handles and Nasdaq futures +260 handles
Entry prices: SPY $752.33, QQQ $736.17
Current market shows both positions in profit (SPY down 0.60%, QQQ down 1.90%)
Emphasizes real-time trade documentation and transparency, contrasting himself with financial TV panelists
No specific catalyst or fundamental reasoning provided for the short trade
