Reposted by Jonathan ToddJames Ball @jamesrball.com · 13hGreat way to demonstrate the club isn't state owned and is a totally independent business, honest. 229561
Jonathan Todd @yontodd.bsky.social · 18hThis is fine etc etc $PSKY $ORCL www.ft.com/content/2c56... 010
Reposted by Jonathan ToddCarl Quintanilla @carlquintanilla.bsky.social · 23h“What a chart.” - Bespoke 1316740
Jonathan Todd @yontodd.bsky.social · 01/10/2026Forget "I don't blame you, Kevin," the "This just happened?" is the best quote on Trump/Fed bit time.com/article/2026... 110
Jonathan Todd @yontodd.bsky.social · 30/09/2026I know I should be writing about rates and serious macro things, but I took some liberties and compared the market’s crap breadth with how MLB has worked in recent years The main takeaway is clearly that if you don’t like the Dodgers, you probably don’t like resilient equity portfolios 100
Jonathan Todd @yontodd.bsky.social · 30/09/2026Net exports, consumer spending a bigger than expected drag on growth... Atlanta Fed GDPNow down from 5.0% to 3.7% www.atlantafed.org/research-and... 010
Reposted by Jonathan ToddRuo Shui @ruoshuiresearch.bsky.social · 29/09/2026tracking human-human interaction is becoming increasingly important 171
Reposted by Jonathan ToddBarry Butler Photography @barrybutler9.bsky.social · 25/09/2026Fire on Friday. Today's sunrise over the Chicago skyline. 544779
Reposted by Jonathan Toddbendwalsh.bsky.social @bendwalsh.bsky.social · 23/09/2026an ex-Chelsea owner enmeshed in the Russian oil industry?! 2339
Jonathan Todd @yontodd.bsky.social · 23/09/2026$FUN -45% since Travis Kelce got involved www.wsj.com/business/dea... 010
Jonathan Todd @yontodd.bsky.social · 21/09/2026Correct. Similarly, this was probably my favorite read from the weekend. www.newyorker.com/culture/the-...newyorker.comShould the Classroom Be More Like the Gym?As A.I. presses harder on the academic enterprise, we might look to a place where process is its own reward. 041
Reposted by Jonathan ToddJim Pickard @pickardje.bsky.social · 18/09/2026my brilliant colleague @robertshrimsley.bsky.social on the threat from Elon Musk’s X platform www.ft.com/content/f270... 6428091169
Jonathan Todd @yontodd.bsky.social · 18/09/2026From 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." 15311
Jonathan Todd @yontodd.bsky.social · 17/09/2026wild -- Lennar has cut new home ASPs by ~30% since 2022, from $511K to $359K Good thread from over there x.com/nickgerli1/s... 021
Jonathan Todd @yontodd.bsky.social · 17/09/2026“The word ‘Deficit’ is nothing more than a fancy word for LOSS” -Michael Scott Oh wait... 000
Jonathan Todd @yontodd.bsky.social · 17/09/2026"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." www.bloomberg.com/opinion/arti...bloomberg.comAre Chelsea’s Also-Rans Really Worth £5 Billion?There are far less stressful ways to make a modest profit than dabbling in an English Premier League football club. So financier Todd Boehly must feel some relief to be leaving Chelsea FC without fina... 000
Reposted by Jonathan ToddIvan the K ™ @ivanthek.bsky.social · 16/09/2026He will never understand monetary economics. He was a non-investment grade issuer in the private sector. He does not have the capacity or the curiosity to learn fiat currency economics. Note, he doesn't mention Warsh. 1027936
Jonathan Todd @yontodd.bsky.social · 16/09/2026Stephen Moore on the TV, the pride of... New Trier HS? 000
Reposted by Jonathan ToddKatie Martin @katie0martin.ft.com · 15/09/2026Big things are happening. Foreign investors prefer US stocks to Treasuries as debt worries grow - www.ft.com/content/e565...ft.comForeign investors prefer US stocks to Treasuries as debt worries growInternational flows into American equities exceed government debt for first time this century outside pandemic and aftermath of global financial crisis 68025
Jonathan Todd @yontodd.bsky.social · 15/09/202675% of investors say Treasury bond buybacks either do nothing or push yields higher -- from BofA FMS 021
Reposted by Jonathan ToddBob Burgess @bobburgess.bsky.social · 11/09/2026When a member of TBAC says this, it's time to pay attention: “...there are emerging-market-type risks in some of the actions the US has been taking,” said Ellen Zentner, chief economic strategist at Morgan Stanley Wealth Management and a member of the Treasury Borrowing Advisory Committee... 031
Jonathan Todd @yontodd.bsky.social · 10/09/2026"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." www.ft.com/content/a441... 000
Jonathan Todd @yontodd.bsky.social · 10/09/2026Risk 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 031
Reposted by Jonathan ToddDom White @domw.bsky.social · 10/09/2026Gee wizz, would you look at how quickly investors are marking up their expectations for long-run economic growth in the US! 3517
Jonathan Todd @yontodd.bsky.social · 09/09/202630Y was 5.34% on 18-Aug, the day before the Treasury buyback announcement Now: 5.30% 000
Jonathan Todd @yontodd.bsky.social · 02/09/2026brb going to quit my job so I can homeschool my kids www.wsj.com/opinion/why-...wsj.comOpinion | Why Send a Child to Public School?The common query about home schooling should be flipped. 100
Jonathan Todd @yontodd.bsky.social · 02/09/2026Today 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 Americans 000
Jonathan Todd @yontodd.bsky.social · 31/08/2026And yet Al Hilal dropping £110M between Gabriel Martinelli and Ollie Watkins this weekend 000
Reposted by Jonathan ToddDom White @domw.bsky.social · 28/08/2026Some thoughts on Warsh's speech: - A big improvement vs his post-FOMC press conferences so far. A clearer message and assessment of the economy. (Re)committing to PCE was important. - It increasingly feels to me like he's tilting at windmills wrt forward guidance and the reaction function. 1143
Jonathan Todd @yontodd.bsky.social · 28/08/2026Some thoughts on why long-end yields were higher in recent weeks. Apparently I'm allowing myself to draw the wrong conclusions. yontodd.substack.com/p/whats-behi...yontodd.substack.comWhat's behind higher yields? It depends on who you askThough, spoiler alert, Druckenmiller is right and Miran is wrong 100
Reposted by Jonathan ToddBarry Butler Photography @barrybutler9.bsky.social · 24/08/2026Sunrays on Sunday. Yesterday over Chicago in Black & White. 341663
Jonathan Todd @yontodd.bsky.social · 23/08/2026Ugh... Man City was due, but would have been fun to see (at least) 3 of the big 6 get a ❌ week 1 000
Reposted by Jonathan ToddMichael Warburton @michaelwarburton.bsky.social · 22/08/2026Nearly all the extras in this iconic scene were French expatriates. Their tears during the stirring rendition of La Marseillaise were genuine— filmed at a time when the fate of France was still uncertain. CASABLANCA (1942) #MichaelCurtiz 31070821571
Jonathan Todd @yontodd.bsky.social · 22/08/2026MANU (Manchester United) Relegation risk a massive revenue overhang; downgrade to Underperform P/T cut to $18 010
Jonathan Todd @yontodd.bsky.social · 20/08/2026Can confirm - I have 4 separate orders from Walmart arriving today. And I spend way more with WMT than AMZN. 121
Jonathan Todd @yontodd.bsky.social · 20/08/2026BBG 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." 031
Jonathan Todd @yontodd.bsky.social · 20/08/2026Very 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?" 728463
Jonathan Todd @yontodd.bsky.social · 17/08/2026Are the Dodgers sold by the end of the week? And oh yeah, recall that includes Ohtani deferral of $680M fron 2034 to 2043 001
Reposted by Jonathan ToddGeorge Pearkes @peark.es · 17/08/2026Man things are dire for Walter.ft.comChelsea shareholders Mark Walter and Todd Boehly in talks to sell their stakes to ClearlakeNegotiations come amid clashes over strategy and as Walter’s business empire faces scrutiny from regulators 5654
Jonathan Todd @yontodd.bsky.social · 13/08/2026My "won't exercise key-man opt-out clause t-shirt" etc etc www.nytimes.com/athletic/751...nytimes.comShohei Ohtani would not exercise “key man” opt-out clause if Mark Walter sells Dodgers: sourceA clause in Ohtani's contract would let him leave the Dodgers if Walter sold the team. He is not expected to exercise it if that transpired. 001
Jonathan Todd @yontodd.bsky.social · 12/08/2026Nice 20% return for Mark Walter in 14 months www.espn.com/nba/story/_/...espn.comSources: Josh Kushner, Bob Iger to buy Lakers for $12BThe Lakers are being sold to American businessman Josh Kushner and Bob Iger for over $12 billion, a record-breaking price, multiple sources told ESPN. 011
Reposted by Jonathan ToddHeather Stewart @guardianheather.bsky.social · 11/08/2026Cannot begin to describe how much this makes me want to scream...apparently AI bots can help you read books now... 282
Jonathan Todd @yontodd.bsky.social · 11/08/2026"The skill of deep thinking will likely become rarer and rarer..." www.theatlantic.com/magazine/202... 031
Jonathan Todd @yontodd.bsky.social · 11/08/2026FFS People should be reading *more* books (and ideally on paper) precisely because it forces your brain into taking in information slower/more deliberately than reading AI or tweets 071
Reposted by Jonathan ToddKatie Martin @katie0martin.ft.com · 10/08/2026currency intervention in a nutshell 822240
Jonathan Todd @yontodd.bsky.social · 03/08/2026“The danger is that higher yields might instead reflect the risk of Mr Warsh’s experiment going wrong. “Nothing ever happens” can be a good bet. But central bankers’ reputations are made when something does.” economist.com/finance-and-...economist.comWhat will Kevin Warsh do if America’s economy breaks?An enigmatic Fed faces the risk of AI stocks falling and the oil price soaring 010
Jonathan Todd @yontodd.bsky.social · 03/08/2026Tried to let it settle for a weekend but still can’t stop thinking about that Musalem. Fun times in Fedland. open.substack.com/pub/yontodd/...open.substack.comThe Fed’s Fractured FrontA historic sell-off in long-dated Treasuries, three hawkish dissents, and leaks out of Eccles Building signal an FOMC losing its grip on institutional discipline. 130