Caterpillar Stock (CAT)

* And fading it… I don’t own and am currently short (and have been recently short C, JPM, GS, MS, UBER, NFLX, homebuilders, etc.) some of the most consensus sectors. I am long some of the most non-consensus sectors. Consensus Longs: * Memory: SanDisk ($SNDK), Micron ($MU), Intel ($INTC), AMD ($AMD), Applied Materials ($AMAT) (“it’s different …

In response to some subscriber emails I am maintaining a small portion of my high-beta, high-tech short package – including (but not restricted to ($SNDK), ($MU), ($CAT), ($INTC), ($AMD), ($AMAT), ($CRWV) etc.) Positions: Short Package VS (including stocks mentioned above)

Another leg lower for momentum, high beta tech (part of my short basket). I am sticking with the remainder of the basket even though some of the drops have been dramatic: Today’s Selected Price Changes in Short Basket * SNDK ($SNDK) -$255 * CAT ($CAT) -$58 * CRWV ($CRWV) -$15 * INTC ($INTC) -$11 * …

* Especially in a continued narrowing of leadership (in profits and price appreciation) in a 'K-shaped' S&P Index... * With interest rates, inflation and the price of crude oil making multi-month highs and likely to remain "higher for longer" -- and with valuations near historic highs -- what ...

When I was out yesterday I covered shorts in WMT, COST and CAT (for losses). Position: None