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Well, we had a lot of luck with Bull Trends
We always had a ball with Bears.We’re trading all the crazy curves. Is the Fed sending us to the MURKY Way.
Recently two-way mechanical trading reduced the price market-makers charge to hedge, which brought order to mortgage pricing. Global economic and political forces drive two opposite rate narratives. But, near term the world believes Fed policy is one more and done, and Powell fights it.
So, he dances around the One & LastHe’s Space Truckin’ everyday—————————-Song: Space Truckin’ (1972) Deep Purplehttps://www.youtube.com/watch?v=5hqG-29NTSU
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Les Parker, CMB
Former senior vice president of a national technology and service company.
Les Parker is the Managing Director at Transformational Mortgage Solutions Advisory Board Member for Ainsworth Advisors; and has served as the Senior Vice President of Industry Relations and Consulting at LoanLogics, a technology and services provider focused on improving mortgage loan quality, performance, and reliability throughout the loan life-cycle. His responsibilities included managing the company’s life of loan analytics and monitoring capabilities, overseeing consulting services, contributing to the strategic planning team, and communicating with industry leaders to develop and maintain positive relationships. He focused on identifying threats and strategic opportunities.
Parker has executive mortgage banking experience in capital markets, servicing, operations, production, and financial management. Parker has served as director of the largest private issuer of CMOS. His educational background covers music, religious studies, mortgage banking, mathematics, and business administration. Parker holds a BBA in Finance, and other degrees, and has held numerous securities licenses. Parker is a Master Certified Mortgage Banker, a designation conferred by the Mortgage Bankers Association. Parker writes, speaks, and provides audio content, Since the late 1980s, he publishes a daily newsletter connecting global macroeconomics to the US interest rate movement.