Andy Constan, CEO of Damped Spring Advisors, stated on X on Friday, November 6, 2026, that he had closed his short positions for the weekend, despite holding a strong negative market view. Constan posted, "Closed out my short for the weekend. This rant and the hour roundtable in comments is my current market view. Very bearish. That said when you make half your year in two days it's time to take the weekend off. Ammo to absolutely slam a rally."
Constan's bearish sentiment emerges as the market grapples with economic signals. Recent Gokhshtein Media coverage highlighted a strong jobs report, which locked in an 88% probability for a December rate hike by the Federal Reserve. Additionally, Mohamed El-Erian reported the Bank of England hiked rates and warned of an inflation peak. Peter Schiff also predicted a gold bull market during a political shift and inflation, while warning of hyperinflation under a different administration.
Constan's post implies that while he sees significant downside potential, he is taking profits from short positions earned over the prior two days. His decision to take a break for the weekend, despite his "very bearish" outlook, suggests a tactical pause rather than a change in his underlying negative forecast. He indicates he is accumulating "ammo to absolutely slam a rally," suggesting he anticipates re-entering short positions if market conditions present an opportunity.
