|Day Low/High||103.32 / 108.18|
|52 Wk Low/High||90.77 / 149.78|
* The market (and money) never sleeps -- and neither do I, it appears! * Futures steadily dropped throughout the night after the guide-down. * Thanks to late Friday afternoon and yesterday's (probably short lived but robust rally) S&P oscillator dec...
Another potentially disappointing signpost is the weak pin action in private equity shares - and . KKR and BX are first derivatives of equities -- they should correlate with stocks and, with the strength of today's market rebound, it could also be...
The bulls could be in for a world of hurt if Thursday's price action is any indication.
* Outside day to the downside in the Russell Index. * Uninspiring breadth relative to the near 60 handle rise (at the top) in the S&P Index. * Blackstone was +$6/share on big earnings beat, now -$2/share. * Sharp intraday reversal in growthy tech na...
Upside - +48% (launches DriveMod Kit, a fully-equipped autonomous vehicle hardware integration module) - +22% (lands an energy as a service contract with large North American energy infrastructure company) - +10% (earnings, guidance) - +8.5% (earnin...
The wind is at Airbnb's back as travel returns with a vengeance. And there's another market dynamic in play.
I covered my and shorts for a good profit on Friday - but I should have held on: Feb 11, 2022 ' 02:02 PM EST DOUG KASS 3 Shorts Covered I covered my (SBUX) short at $94.18, (BX) short at $125, and (KKR) short at $123.80. I plan to reshort any stren...
I plan to cover my bank shorts today on weakness. I am long Citigroup and JPMorgan Chase . I am short Bank of America and Wells Fargo . Speaking of financials, if Blackstone and KKR are not much lower, I plan to add to those shorts.
I am back to slightly net short. And I have added to and shorts. - Reminder, I have a meeting between 2:30 and 4:30 today - so radio silence.
I'm doing a lot of trading this morning. I'm selling short March $454 SDPR S&P 500 calls at $11.35 I sold some more JPMorgan Chase at $156.54 I'm adding to KKR and Blackstone shorts on the morning gap. Oh, and FibroGen is on the move.
I am adding to my Blackstone short. I have covered some short puts and I just added to my SPY short (March $440 calls). Getting shorter on strength.
Late Friday I reestablished the following shorts into the market's strength: , , , , , and .
After buying in at a bargain price, the private equity firm is upping its bid for troubled Crown Resorts.
I have covered the following shorts this morning - , , , , , , , and . I also covered and shorts just now. And I have covered my short.
I added to and on weakness. On the whoosh lower, I covered my short for a loss, and reduced my and shorts.
I have covered half of my Blackstone and KKR & Co. shorts at $117.74 and $59.80, respectively.
* Bought and . * Covered and shorts. * Covered SPY short puts and added to short calls. * Shorted , , , , , , and .
There are homes that could house an urban population of around 4 million now under construction by Evergrande alone.
I am covering a portion of my positions in the following shorts now: , , , , , , , , , , , and .
One of my favorite financial shorts is Blackstone : * Exposure to China * Exposure to Real Estate * The new issue market may be closing. * Private equity firms are basically leveraged longs.
The broad Chinese property sector, the mainland's largest single industry, is selling off in Hong Kong as investors try to work out which will be the next domino to fall.
Macau's gambling empires will undergo government reviews that likely will end with different degrees of bad for U.S. operators.
* We remain in a 'Bull Market In Complacency' * There is certainty and precision of the bullish consensus despite a wide range of possible market and economic outcomes - many of which are adverse and market unfriendly * A deeper than expected (and "...