Doug Kass shares his views every day on RealMoneyPro. Click here for a real-time look at his insights and musings.


TBT Is Going, Going, Gone, but My TLT Short Is Not

Originally published March 31 at 10:22 a.m. EST

I am now out of my ProShares UltraShort Lehman 20+ Year Treasury Bond ETF ( TBT) "trade of the week" for a profit. (Remember, leveraged ETFs are short-term rentals and not long-term leases as they experience decay and may track poorly to underlying.)
 
I continue to plan to hold on to my iShares 20+ Year Treasury Bond ETF ( TLT) short.
TLT was placed on my Best Ideas List in June 2016 at $139.55 based on my expectation that we were at a Generational Bottom in Bond Yields.

TLT is now trading at $120.40.
Position: Short TLT .

A Blurry View

Originally published March 29 at 4:28 p.m. EST

I am not going to publish "Takeaways" today as I still cant see clearly from my afternoon eye exam.
 
Retail, with a pushback on the border adjustment tax (BAT), thrived--led by J.C. Penney ( JCP) , Target  ( TGT) , Foot Locker  ( FL) , Nordstrom  ( JWN) and Kohl's ( KSS) .
 
(T)FANG remarkably strong--some of which was chronicled by Jim "El Capitan" Cramer.
 
Financials had little going for them.
 
A lot of hawkish talk from Fed members was ignored today.

Bonds reversed yesterday's weakness and closed at day's highs.
 
Stocks closed near their highs in a non-volatile trading session
 
Lululemon ( LULU) spit the bit after the close.
 
Enjoy your evening and thanks for reading my Diary today.
Position: None .

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Intermediate Trade: TBT

Intermediate Trade: TBT