TOPLEY’S TOP 10 September 14, 2026

1. Foreigners Record Allocation to U.S. Stocks

Barchart


2. Diesel Crack Hits $102

Google

ZeroHedge


3. U.S. Household Net Worth Near Record Levels

The Kobeissi Letter


4. Consumer Spending….XRT Retail Shopping ETF -10% Closes Below 200day

Stockcharts


5. Retail XRT ETF Negative Returns for 12 Months

Google


6. Fear And Greed Index at Fear Levels

CNN


7. Draftkings and Flutter Sell Off Right When Kalshi Writes First Sports Contract

Barron’s


8. What States Most Exposed to Canada? WSJ

WSJ


9. New York City New Housing Coming From Office Conversions

NYT-So far this year, the city has issued permits for 74 such projects that will create roughly 10,100 new homes, according to an analysis of city data by The New York Times. That amounts to a third of all of the new housing permitted in the city during that period, showing how quickly New York is embracing residential conversions.

NY Times


10. Your Brain Has a Craving Control Center—Here’s How to Use It

By SUCCESS Staff Published August 25, 20264 min read

Willpower has always felt like a personality trait, something you either have or you don’t. New neuroscience is rewriting that story. Scientists studying GLP-1 drugs like Ozempic have stumbled onto something bigger than a weight-loss mechanism: a specific brain region that may function as your craving’s control panel.

That discovery matters even if you never touch one of these medications. Understanding where craving actually lives in your brain changes how you think about disciplinehabits and the moments when your best intentions lose to your impulses.

Meet the Lateral Septum, Your Brain’s Craving Control Point

Researchers have long focused on dopamine-producing regions like the ventral tegmental area when studying reward and craving. But those regions turn out to have relatively few receptors for GLP-1, the hormone these weight-loss drugs mimic.

One region does have that density: the lateral septum. Neuroscientists are building evidence tracing of GLP-1 drugs to this structure, which sits one step upstream from the classic dopamine machinery and appears to help combine memory, place and reward into a single signal.

Think of it as the region that answers the question “What’s rewarding here, right now, based on where I am and what I remember?” That’s a fundamentally different function than simple willpower. It’s closer to a filter that decides which urges get amplified before you’re even consciously aware of them.

What the Newest Research Is Revealing

A Nature study led by researchers at the University of Virginia, funded by the NIH, found that newer oral GLP-1 drugs suppress “hedonic feeding,” essentially eating for pleasure rather than hunger, in mice, by acting on the central amygdala, a region deep in the brain that regulates dopamine release into the brain’s reward circuitry. This pathway appears separate from the appetite-control systems scientists already understood.

That distinction matters. Hunger and craving are not the same experience, and treating them as identical has made discipline feel harder than it needs to be. When you’re fighting a craving that has nothing to do with actual need, you’re not lacking willpower. You’re up against a specific neural circuit doing exactly what it evolved to do.

Willpower vs. ‘Pull’—The Distinction That Changes Everything

Here’s where the science gets genuinely useful for your daily life. Addiction researchers describe what GLP-1 patients report as a decreased pull toward substances, not an increase in willpower. The craving itself gets quieter, rather than requiring more effort to resist.

That reframes the whole conversation around self-control. If craving intensity is something your brain generates based on memory and place, then some of your “willpower failures” were never about weakness. They were about being in an environment engineered to spike your craving circuit.

So what does this mean for you? It means the smartest move isn’t always gritting your teeth harder. Sometimes it’s changing the cue before the craving even fires.

How to Work With Your Craving Center, Not Against It

You don’t need a prescription to use this insight. The lateral septum responds heavily to place and memory, which means your environment may be doing more work on your behavior than your discipline ever could.

  • Change the room, not just the resolve. If a specific location triggers a craving, whether it’s a snack drawer, a certain bar or even a particular chair where you scroll your phone, altering that physical cue interrupts the memory-reward link before it starts.
  • Notice the “vivid image” moment. Cravings often begin with a mental picture—a food, a purchase, a distraction—appearing vividly in your mind. Naming that image out loud (“I’m picturing the vending machine”) creates a half-second of awareness that weakens its automatic pull.
  • Build friction into the pattern, not the decision. Instead of relying on resisting an urge in the moment, make the triggering cue harder to encounter in the first place. Removing an app, changing a route or restocking a kitchen shelf does more than any pep talk.

The High-Achievers Takeaway

For leaders and entrepreneurs, this research offers something more valuable than a weight-loss headline. It offers permission to stop treating every lapse in discipline as a character failure.

Your brain has a genuine mechanism for turning memory and place into desire. Once you understand it operates below conscious awareness, you can start redesigning your surroundings instead of white-knuckling your way through willpower alone. That’s not a lesser strategy. It’s simply a smarter one, backed by where the science is actually pointing.

www.success.com

TOPLEY’S TOP 10 September 11, 2026

1. Projected Margin Expansion

The Irrelevant Investor


2. The Price of AI is Coming Down Based on Tokens

Token prices. “The price of AI is coming down … Our latest index tracking the effective price per million tokens shows that prices have declined 41% to $0.68 as of this week, down from the 2026 peak of $1.15 in March.”

Ara Kharazian – Ramp


3. AAPL Keeps 27% of Every Revenue Dollar

Opening Bell Daily


4. Salesforce CRM Forward Price to Earnings Ratio History�..42X to 15X

YCharts


5. XLE Energy ETF  +48% vs. S&P +12% 2026

YCharts


6. We Showed WMT and COST Underperforming 2026�.The Consumer Discretionary Sector Broad Weakness-Bespoke

Bespoke


7. LVMH Owns Louis Vuitton #2 Luxury Brand and Dior #7�..Breaks to New Lows -50% from 2024�-37%  in 2026

StockCharts


8. San Francisco Centre Hotel $1.2 Billion Valuation 2016�.$133m Sale Just Fell Thru

Perplexity


9. Housing Inventory Summary


10. Two schools of thought about school-Seth�s Blog

One kind of school is about culture, compliance and community. We indoctrinate kids, for better or worse, in what it means to be in this world we�ve built, and how to do it together. We teach them how to be kids, how to be citizens and hopefully, how to be adults.

And the other kind of school is about the cent. All the �R�s. The software that goes with the operating system we taught in the other school.

For obvious reasons, these have always been integrated.

Now that Socratic and infinitely patient and customizable AI tutors are everywhere, perhaps it makes sense to consider each separately. Let�s not compromise either on the behalf of the other.

https://seths.blog

TOPLEY’S TOP 10 September 10, 2026

1. Hyperscalers Plus NVDA Debt  Equal to 2/3 of U.S. Government Bond Issuance

Dave Lutz Jones Trading AMZN started selling sterling bonds for the first time on Wednesday as hyperscalers rush to diversify their funding sources to finance ‌the AI boom.  The deal is the latest example of how hyperscalers are increasingly selling bonds across markets outside of the U.S. this year, from euros to Swiss francs and the yen, as ​they make sure they can raise capital wherever they can, given their ​huge funding needs.


2. Global Revenue Estimates for AI $229 Billion Annualized

Global AI revenue. “Our revenue estimate for the AI economy reached $229 billion annualized by the end of August – up 3.5x in one year. Growth is going strong. Trailing twelve-month revenue reached $140 billion last month, 3.2x the August 2025 value of $44 billion.”

Exponential View


3. Market Returns are Above Average When S&P Is Concentrated

Ben Carlson-Stock market concentration is a bull market phenomenon. Michael Mauboussin and Dan Callahan found that S&P 500 returns were above average when concentration in the index was rising and below average when it was falling:  I first wrote about concentration worries all the way back in 2018. The market has only become more concentrated since then. And we’ve been in a raging bull market.

Coincidence?  I think not.

A Wealth of Common Sense


4. Rheinmetall German Defense Stock -50% from Highs after Post Ukraine Invasion Run Up

StockCharts


5. Homebuilders Slow Summer

Rick Palacios Jr.


6. Less New Homes =Supply Coming Down in Overbuilt Sun Belt Region

Business Insider-The Sun Belt’s housing headspin-Struggling real estate markets in the South, like Texas and Florida, just hit rock bottom — and could be set up for a comeback. By James Rodriguez

Business Insider


7. The Magic of Compounding Warren Buffett

Peter Mallouk


8. Cost of Living Index by State


9. Americans Drink Half as Much Milk as 1975

USAFacts


10. Leaders are Readers

The Daily Stoic Not all the Stoics were leaders, but all of them were readers.

And the ones who were leaders? Well, they were the biggest readers of them all.

Marcus Aurelius opens Meditations by thanking the teacher who taught him to read attentively—and who loaned him the copy of Epictetus that shaped the rest of his life. Scipio Aemilianus, one of Rome’s great generals and patron of Stoicism, was said to be constantly “engaged in the pursuit of arms or his studies, he was either training his body by exposing it to dangers or his mind by learning.” Literally in the final moments of his life, Cato took another pass at reading Phaedo. As president, Theodore Roosevelt was always squeezing in time to read, and later, out of office, he took a copy of Epictetus with him on his perilous journey down the River of Doubt. Stockdale talked about how, deployed in the South China Sea, when he was not flying, he was in his bunk, reading Epictetus and Marcus Aurelius and the other ancients.

These were men of action…and lifelong learners. Reading deeply and thoughtfully gave all of them what they needed to succeed. The knowledge to be great leaders. The virtue to be good people. The will to survive.

In English and history classes, reading often meant memorizing names, dates, and places. Who, what, when, and where—less so the how or why or what it means for us. Our whole approach to books got Jeopardy-ized. You learned to extract what the teacher needed you to remember, not what the author wanted you to know, not the moral and philosophical lessons the books (and the events) were meant to teach.

If you want to be a better leader, you’re going to have to become a better reader.

How?

That’s what our Read to Lead: A Daily Stoic Reading Challenge is for. Over five weeks, Ryan Holiday walks you through not only the system he’s used for writing his bestselling books, but also the reading practice he uses in his life every day—to help him become a better professional, a better parent, and a better person. You’ll learn how to find the books that are worth your time, how to work through ones above your level, how to keep what matters, and how to turn what you read into action. You’ll build the beginnings of a real library, a foundation for lifelong learning—and you’ll do it alongside a community of other readers.

Daily Stoic

TOPLEY’S TOP 10 September 09, 2026

1. S&P Stocks Trading Over 40x Forward P/E at Covid Lows-Chart Kid Matt

Chart Kid Matt


2. MSCI All World Index Getting Cheaper�Not Just S&P Forward P/E

The MSCI All Country World ex-US index trades at a 13.1x forward P/E, below the 19.8x for the US MSCI. Both those figures have declined sharply since January, as data from Yardeni Research shows.

Phil Rosen


3. AI Buildout is Accelerating�Construction Money Spent +57% Year Over Year

Wolf Street


4. Software SMH Having Run But�On 1-Year Basis Semiconductors Outperforming Software by 100%

YCharts


5. Consumer?  WMT -3% and COST +6%  Trailing S&P 2026

YCharts


6. LULU Hit $516 in 2023 About to Break $100 on Chart �..-81% from Highs

StockCharts


7. China Selling U.S. Paper for 15 Years

Barchart


8. Six Nuclear Bills Pass House without a Single No Vote

ZeroHedge


9. Australia Legislation to Ban Social Media Algos

Semafor


10. Thomas Sowell on Communism

Thomas Sowell

TOPLEY’S TOP 10 September 08, 2026

1. S&P Total Return History Following Start of Military Conflict

@Charlie Bilello


2. History of S&P Returns After 10 Year Rises .75 Basis Points

Capital Group


3. Stocks and Bonds Correlation Hit 30-Year High in June

Barron’s


4. Huge Debasement Trade Inflows $4B

NDR


5. Russia Moves Gold to Hong Kong


6. 5 Year CDS—Banks Narrowing While Tech Widening

Topdown Charts Blog Credit Check — Tech vs Banks: a similar divergence is playing out in Tech vs Bank sector CDS. Credit investors are treating tech borrowers with greater scrutiny, while banks are seen as lower risk than usual. This tells us that there are no systemic issues right now (calm on banks), but again, there are pockets of concern. If tech borrowers did start to default you can bet that will ripple across markets.


7. Since the Fed Started Hiking, Multiple Expansion Has Nearly Vanished as a Source of PE Value-Torsten Slok

Apollo


8. Bitcoin Bank Robbery $320 Million

Alleged White-Hat Hackers Withdraw 4,000 Bitcoin From Blockstream’s Liquid Network Federation Reserves

by Tyler Durden

Authored by Juan Galt via BitcoinMagazine.com,

The Liquid Network said Sunday that purported white-hat hackers withdrew about 4,000 bitcoin, worth about $320 million, from the federation wallet that backs L-BTC.

Bridge nodes were disabled, and the sidechain was paused. Other issued assets, including USDT, DePix and RWAs, were unaffected, the official account said on X.

The Liquid Network is a federated sidechain of Bitcoin, founded by Adam Back’s Blockstream. The Liquid chain issues a variety of assets such as LBTC, which it backs with BTC on the Bitcoin main chain, held in a large multisig of 15 corporate and known members. 11 of the 15 members need to sign a valid multi-signature transaction to move coins from the treasury. Before the hack, the treasury held over 4200 BTC; after the hack, Blockstream’s proof of reserves page reports a little over 207 BTC left. 

The hackers withdrew 4,019.4 BTC from the reserve address in a peg-out transaction using the SideSwap Peg-out Authorization Key. SideWap is a bridge exchange and a member of the Liquid Federation. While details on the mechanism of the hack are not confirmed yet, it appears an inflation bug on the LBTC side chain was exploited by the hackers to create over 4,000 LBTC that did not exist before, and cash them out for on-chain bitcoin from the federation. Because the transaction appeared as valid, given the consensus bug, the federation members’ HSM security servers signed the BTC withdrawal transaction, worth roughly 320 million at the time. 

https://www.zerohedge.com/crypto/alleged-white-hat-hackers-withdraw-4000-bitcoin-blockstreams-liquid-network-federation


9. Inflation Adjusted the Lufthansa Heist in 1978 from Goodfellas was $29.2M

Google

ATI


10. Federal Government Workforce at Lowest Levels in 60 Years

Mark J. Perry