📈📉 US markets/macro/Fed/housing (all opinions here = own). 🗣️ Learning French with very modest success (Intermediate/B1). 📍Chicago, but always very Californian.https://bsky.app/profile/yontodd.bsky.socialhttps://bsky.app/profile/yontodd.bsky.social/post/3mvsiq4r2rs2cFrom today's Athletic FC newsletter... "'I want to reclaim the flag for us,' Klopp said. 'I don’t want to leave national pride to the wrong people.' If any coach is tailor-made for that mission, it’s him."18 Sep 2026 15:37 +0000at://did:plc:d3npvqzrc7wxt37t4o7ryt76/app.bsky.feed.post/3mvsiq4r2rs2chttps://bsky.app/profile/yontodd.bsky.social/post/3mvq7ckbguk24wild -- Lennar has cut new home ASPs by ~30% since 2022, from $511K to $359K Good thread from over there https://x.com/nickgerli1/status/210062775626223224417 Sep 2026 17:43 +0000at://did:plc:d3npvqzrc7wxt37t4o7ryt76/app.bsky.feed.post/3mvq7ckbguk24https://bsky.app/profile/yontodd.bsky.social/post/3mvpuag7awd2e“The word ‘Deficit’ is nothing more than a fancy word for LOSS” -Michael Scott Oh wait...17 Sep 2026 14:25 +0000at://did:plc:d3npvqzrc7wxt37t4o7ryt76/app.bsky.feed.post/3mvpuag7awd2ehttps://bsky.app/profile/yontodd.bsky.social/post/3mvpnbfi6am24"Clearlake will hope that paying up to end the club’s messy governance will improve decision making. It has its work cut out to give Boehly seller’s remorse." https://www.bloomberg.com/opinion/articles/2026-09-17/clearlake-todd-boehly-are-chelsea-also-rans-really-worth-5-billion17 Sep 2026 12:20 +0000at://did:plc:d3npvqzrc7wxt37t4o7ryt76/app.bsky.feed.post/3mvpnbfi6am24https://bsky.app/profile/yontodd.bsky.social/post/3mvnoauvwzp2qStephen Moore on the TV, the pride of... New Trier HS?16 Sep 2026 17:32 +0000at://did:plc:d3npvqzrc7wxt37t4o7ryt76/app.bsky.feed.post/3mvnoauvwzp2qhttps://bsky.app/profile/yontodd.bsky.social/post/3mvkex2aoq22675% of investors say Treasury bond buybacks either do nothing or push yields higher -- from BofA FMS15 Sep 2026 10:08 +0000at://did:plc:d3npvqzrc7wxt37t4o7ryt76/app.bsky.feed.post/3mvkex2aoq226https://bsky.app/profile/yontodd.bsky.social/post/3mv6nzs2mba2c"The new private buyers pay far more attention to yield and have to be offered higher and higher rates to absorb the growing Treasury supply." https://www.ft.com/content/a441ea66-329a-4f42-8e50-3ff140958e5310 Sep 2026 18:18 +0000at://did:plc:d3npvqzrc7wxt37t4o7ryt76/app.bsky.feed.post/3mv6nzs2mba2chttps://bsky.app/profile/yontodd.bsky.social/post/3mv6n2vulxq2yRisk is defintiely to the upside on rates, I'd be very amused to see a surge of people rushing to lock in that 7.07% mortgage [contains quote post or other embedded content]10 Sep 2026 18:01 +0000at://did:plc:d3npvqzrc7wxt37t4o7ryt76/app.bsky.feed.post/3mv6n2vulxq2yhttps://bsky.app/profile/yontodd.bsky.social/post/3mv3u3t5oij2430Y was 5.34% on 18-Aug, the day before the Treasury buyback announcement Now: 5.30%09 Sep 2026 15:29 +0000at://did:plc:d3npvqzrc7wxt37t4o7ryt76/app.bsky.feed.post/3mv3u3t5oij24https://bsky.app/profile/yontodd.bsky.social/post/3mukfnm4vy52gbrb going to quit my job so I can homeschool my kids https://www.wsj.com/opinion/why-send-a-child-to-public-school-45a3a2c202 Sep 2026 16:55 +0000at://did:plc:d3npvqzrc7wxt37t4o7ryt76/app.bsky.feed.post/3mukfnm4vy52ghttps://bsky.app/profile/yontodd.bsky.social/post/3muk4j3xwzm26Today in Championship football: - The team with American owners vs the team with American/Canadian co-owners - The team with American owners vs the team with a bunch of Americans02 Sep 2026 14:11 +0000at://did:plc:d3npvqzrc7wxt37t4o7ryt76/app.bsky.feed.post/3muk4j3xwzm26https://bsky.app/profile/yontodd.bsky.social/post/3muev5u3pej2tAnd yet Al Hilal dropping £110M between Gabriel Martinelli and Ollie Watkins this weekend [contains quote post or other embedded content]31 Aug 2026 12:17 +0000at://did:plc:d3npvqzrc7wxt37t4o7ryt76/app.bsky.feed.post/3muev5u3pej2thttps://bsky.app/profile/yontodd.bsky.social/post/3mu5l5nihtc2fSome thoughts on why long-end yields were higher in recent weeks. Apparently I'm allowing myself to draw the wrong conclusions. https://yontodd.substack.com/p/whats-behind-higher-yields-it-depends28 Aug 2026 14:29 +0000at://did:plc:d3npvqzrc7wxt37t4o7ryt76/app.bsky.feed.post/3mu5l5nihtc2fhttps://bsky.app/profile/yontodd.bsky.social/post/3mtqzuoqdg22hUgh... Man City was due, but would have been fun to see (at least) 3 of the big 6 get a ❌ week 123 Aug 2026 14:48 +0000at://did:plc:d3npvqzrc7wxt37t4o7ryt76/app.bsky.feed.post/3mtqzuoqdg22hhttps://bsky.app/profile/yontodd.bsky.social/post/3mtoetpafg72pMANU (Manchester United) Relegation risk a massive revenue overhang; downgrade to Underperform P/T cut to $1822 Aug 2026 13:26 +0000at://did:plc:d3npvqzrc7wxt37t4o7ryt76/app.bsky.feed.post/3mtoetpafg72phttps://bsky.app/profile/yontodd.bsky.social/post/3mtjv4niobl25Can confirm - I have 4 separate orders from Walmart arriving today. And I spend way more with WMT than AMZN. [contains quote post or other embedded content]20 Aug 2026 18:34 +0000at://did:plc:d3npvqzrc7wxt37t4o7ryt76/app.bsky.feed.post/3mtjv4niobl25https://bsky.app/profile/yontodd.bsky.social/post/3mtj3shgm772jBBG Intelligence on Bessent playing the lack of liquidity: "Choosing to announce this... outside of the quarterly refunding cycle, in a quiet summer week with no meaningful economic data and likely thin summer liquidity, was meant to boost the magnitude of market reaction from the announcement."20 Aug 2026 11:01 +0000at://did:plc:d3npvqzrc7wxt37t4o7ryt76/app.bsky.feed.post/3mtj3shgm772jhttps://bsky.app/profile/yontodd.bsky.social/post/3mtizatj7qa2cVery much waiting for a reporter to ask Bessent, "If you were still at Soros and saw Treasury intervening like this without any actual fiscal consolidation, what trade would you put on?" [contains quote post or other embedded content]20 Aug 2026 10:15 +0000at://did:plc:d3npvqzrc7wxt37t4o7ryt76/app.bsky.feed.post/3mtizatj7qa2chttps://bsky.app/profile/yontodd.bsky.social/post/3mtc5podaav2fAre the Dodgers sold by the end of the week? And oh yeah, recall that includes Ohtani deferral of $680M fron 2034 to 2043 [contains quote post or other embedded content]17 Aug 2026 16:47 +0000at://did:plc:d3npvqzrc7wxt37t4o7ryt76/app.bsky.feed.post/3mtc5podaav2fhttps://bsky.app/profile/yontodd.bsky.social/post/3msyg3lxhdf2vMy "won't exercise key-man opt-out clause t-shirt" etc etc https://www.nytimes.com/athletic/7511597/2026/08/13/shohei-ohtani-dodgers-mark-walter-key-man-clause/13 Aug 2026 19:50 +0000at://did:plc:d3npvqzrc7wxt37t4o7ryt76/app.bsky.feed.post/3msyg3lxhdf2v