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Coming up Tuesday on @realmoney

Was Last Week The "Beginning of The End" of the Virtuous Stock Market Cycle?

* In typical times, a river is easier to channel than to stop.
* But these are not typical investment times.
* Given the unusual nature, artificial conditions and
outside influences (Softbank, David Portnoy (@stoolpresidente), Robinhood et al) -- Wednesday may have marked a possible important top in the major market indices for some time to come.
* It is clear to me that speculators are not only playing with fire, they’re dancing (with
apologies to Citigroup's Chuck Prince) in the midst of a firestorm.
* While I covered nearly all my shorts in Friday's "woosh" lower I remain pessimistic on the market outlook.
* I plan to reshort strength if a rally develops over the near term. @jimcramer @tomkeene
@SquawkCNBC @cnbcfastmoney @carlquintanilla @riskreversal @ScottWapnerCNBC @MelissaLeeCNBC @terranovajoe @GuyAdami @lizclaman @FerroTV @SullyCNBC @saraeisen @andrewrsorkin @beckyquick @SteveRattner @realdonaldtrump @morningmika @JoyAnnReid @aronberg @threadreaderapp unroll
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Dougie Kass
@DougKass
@realDonaldTrump
Trump has been talking non-stop since 2015 about how he is going to get tough on China and every other nation when it comes to trade agreements and trade deficits.
If Trump was effective (which he is not), then our exports should have increased and/or our
imports should have decreased, thereby causing a large reduction in our annual trade deficits.
Let’s see if he has lived up to his promises on reducing our trade deficits…

U.S. & All Nations: Average Annual Trade Deficit

Trump: $840 bn

Obama: $688 bn

Bush: $662 bn
Clinton: $221 bn

Trump’s average annual trade deficits with all nations have been $152 billion worse than Obama’s despite all of Trumps “tough talk” about getting tough on trade agreements.

U.S. & China: Average Annual Trade Deficit

Trump: $380 bn

Obama: $311 bn
Read 6 tweets
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Dougie Kass
@DougKass
@realDonaldTrump This Washington Post expose is so completely unsurprising, as pretty much everyone who sucks up to the President proves to be a felon… Louis DeJoy’s rise as GOP fundraiser was powered by contributions from company workers who were later reimbursed,
former employees say. Excerpt:
Louis DeJoy’s prolific campaign fundraising, which helped position him as a top Republican power broker in North Carolina and ultimately as head of the U.S. Postal Service, was bolstered for more than a decade by a practice that left many employees
feeling pressured to make political contributions to GOP candidates — money DeJoy later reimbursed through bonuses, former employees say.
Five people who worked for DeJoy’s former business, New Breed Logistics, say they were urged by DeJoy’s aides or by the chief executive
Read 8 tweets
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Dougie Kass
@DougKass
Coming on @realmoney tmrw

Was Last Week The "Beginning of The End" of the Virtuous Stock Market Cycle?

* A river is generally easier to channel than to stop.
* But these are not typical investment times.
* Given the unusual nature, artificial/distorted conditions and outside
influences (Softbank, David Portnoy (@stoolpresidente), Robinhood et al) -- Wednesday may have marked the end of the "gamma squeeze" and a possibly important top in the major market indices for some time to come.
* It is clear to me that speculators are not only playing with
fire, they’re still dancing (with apologies to Citigroup's Chuck Prince) in the midst of a firestorm of speculation and uncertainties.
* While I covered nearly all my shorts in Friday's "whoosh" lower I remain pessimistic on the market outlook over the balance of the year.
* I
Read 6 tweets

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