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Dougie Kass

@DougKass

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@RealMoney Pro Sep 23, 2022 | 08:12 AM EDT DOUG KASS Minding Mr. Market - A Reverse Currency War This morning a massive rise in global yields is creating a near panic in global equities and chaos in the world's currency markets - "a reverse currency war." Stock futures have abruptly

dropped in the last two hours, taking cash well below the lower end of my trading range. Adjusting for the decline in futures - the S&P Index (year to date) is down by about -23% and the drop in the Nasdaq Index is approximately -32%. The average stock is down closer to -30%.

Though currency, fixed income and equity markets seem to be close to capitulation, for now it seems appropriate to sit tight with my exposure of about 28% net long. @Seabreeze Partners @tom keene @Jonathan Ferro @Dan Nathan @Jim Cramer @Scott Wapner @Sara Eisen @Carl Quintanilla

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Dougie Kass

@DougKass

Seabreeze Capital Partners LP https://t.co/49PAROHCBl

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