July 24, 2017

Kass sells his Gold and turns more Bearish on the markets

The US stock market continues to trend higher. The S&P 500 is approaching the 2,500 mark and the VIX is now tracking near all-time lows as earnings season kicks into high gear this week. 

Doug Kass writes on The Street,

"I do not share the market's optimism, mostly based on fundamental and valuation grounds, and have expanded further my net short exposure to the highest level in more than two years."

In addition, it appears Kass has sold his Gold position.