Ask someone when they plan to retire and you’ll usually get a number: “62.” “65.” “67.” As if life comes with a magic switch. Work off. Happiness on. That's not how it works.

There’s a growing narrative out there that housing prices need to “come back down to earth.” I get it. Home affordability is tight. Rates are high. Inventory is low.

I was going to write about real yields, but given all the excitement over the weekend, I think it makes more sense to talk about how to deal with these tape bombs like we saw over the weekend.