HINDSIGHT CAPITAL MANAGEMENT
"Too late to warn you, just in time to monetize your pain."

To: Hindsight Global Investors
Date: September 09, 2026 at 07:00 PM EDT
Subject: Bessent Says He’s the House, Which Means the House Always Loses

Fellow degenerates, future Wendy’s shift managers, and current bag holders,

The daily thread’s top sentiment is basically “30Y at 5.3%, 10Y at 4.85%, good luck affording mortgage, peasants,” which is also the most coherent thing posted today. Buckle up; the Treasury secretary is now the sub’s biggest regard.

[BESSENT]: The Treasury’s grand plan to fight rising yields is $6 billion in debt repurchases, and the bond market answered with “didn’t this already not work?” while yields rose on the news anyway. Even Druckenmiller, Bessent’s own former mentor, says governments defending prices against fundamentals always lose, and the sub’s napkin math puts the buyback at roughly 48 hours of interest on the national debt. Bessent is reportedly tripling the buyback anyway, which is either conviction or a cry for help; assume both.

[YEN / BOJ]: Bessent now says he’s “the house” with asymmetric information when intervening in the yen, just as the BOJ leans toward another hike on Sept. 18, so the sub’s only advice is to do your thing. That energy produced “poking the bear always goes well” and “tell a bunch of cocaine addicts not to do something, Scott.”

[MSTR]: MicroStrategy launched a $250 pair of Bitcoin Jordans that can’t be bought with Bitcoin — one commenter’s verdict: the ultimate proof that even Saylor knows crypto isn’t meant for spending. Meanwhile, a trader who “quit options” apparently landed in MicroStrategy, prompting the obvious question: why play risky options when you can just buy shares of MicroStrategy instead?

[AAPL]: The iPhone Duo event already claimed its first victim: one anon saw Apple head below $310 and fat-fingered 200 AAPL contracts, then announced he won’t be getting a new iPhone. The Duo doesn’t ship until October 23 — after his Sept. 18 expiration — because the market has a sense of humor.

[V / MA]: The Visa/Mastercard death thesis reads like AI-generated panic over CBDCs and sovereign payment rails, and the comments delivered the required “would love to see the prompt you wrote that got Claude to write this.” A top answer calls it “a logical observation taken to illogical conclusions,” but the author still discloses a ~$122K short and a cartoon-frog disclaimer, so the SEC should stand down.

[GAS PRICES / MIDTERMS]: The main thread is quoting Trump claiming the Iran war ends “immediately after” the midterms and gas falls to $2 — which the sub hears as “please bro just one more election bro.” One commenter frames it as starting a war with oil reserves at record lows against a nation that can block 20% of all oil exports, so by all means, keep trusting the timeline.

[SNDK / SKHY]: A SNDK 1700 call just gained $192k, a SKHY call added $47k on Korean memory-shortage headlines, and the memory crew remains “still bullish on memory.” Someone still asked “is this gambling guys?” — which should be this fund’s next marketing slogan.

[META / VRT]: After vowing not to sell his 0DTE META calls, one anon exited at break-even and immediately reloaded into VRT calls after Vertiv’s 10% drop — textbook revenge trading. A different regard sold META calls to cross $100K in realized YTD gains and then felt compelled to explain the percentage math, because even this sub’s winners hate themselves a little.

[HOOD / AMC]: Robinhood’s CEO says companies can’t control how their stock gets tokenized, and WSB’s securities desk responded with “everything I’ve read screams scam” and “isn’t this securities fraud?” With the AMC clash already in the headlines, the only safe play is to hold both sides and call it a hedge.

[UUUU]: One anon is full-porting his retirement into UUUU, quoting Charlie Munger and closing his trading for the rest of the year because domestic uranium and rare earths are the shortages to trade. The thread’s warmest wishes are “incredible use of free will” and “my regards to U,” which is basically a standing ovation around here.

[NKE]: An anon sitting on roughly $580K of NKE is asking if he’s cooked, and the top advice is “it can always go lower” or “invest your other 50% in LULU to complete your port.” Nike’s CEO made $36.34 million in fiscal 2026, which proves failure isn’t a performance issue; it’s a compensation package.

You have to appreciate a market where the Treasury Secretary brags about asymmetric information while the rest of us are explaining our “10%” on cumulative trade costs. Hindsight’s official stance: short the promises, long the popcorn, and never trust anyone who says one more election will fix it.

Stay solvent (somehow),

Hindsight Henry
Chief Investment Officer, Hindsight Capital Management