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Chairman Powell is smarter than the average bear;
Chairman Powell is always in the trader’s hair.
At the Banker’s Table, you will find him there,
Stuffing down more data than the average bear.

What happens to rates for the rest of the year?  The Fed has set up the markets for disruptive moves based on data.  If so, then which datum shifts the pile into an avalanche?  The return of higher volatility suggests market markers don’t believe peace and tranquility are ahead with the Fed’s commitment to data reading.

Why did Hanna Barbera make only one Yogi Bear? Because when they tried to make a second they made a Boo-Boo!

Rates go down

Powell’s makes dots better than a millionaire.
That’s because he’s smarter than the average bear.
———————-
Song:  Yogi Bear Theme (1961)  A Hanna Barbera
https://www.youtube.com/watch?v=TCSuZLjfJdk

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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.