April 24, 2017

Bonds buying climax

Dow Futures are up 205 points at the moment. The market looks set to have a big open after the news from the French elections.

Doug Kass has and is moving to a position of being tactically long in net exposure terms. He intends to stay long but ready to short stocks if needed. He thinks the market will go higher and exceed true valuations partly due to price momentum strategies.

Position: Short TLT