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Fed’s not the same.
Fed’s lips are moving. Bonds cannot hear.Jay’s voice is hounding markets with one of these days markets POW to the moon. The Fed wants the long end to not jump the gun while it jumps the shark.
It threatens another tightening to keep markets in line, but it only proves the Fed’s show is over. It has one tightening left and cannot sell its underwater mortgages without significant market disruption. Bonds know the data game better than the Fed. Bearish momentum is fading. Bonds are attractive buys. And hibernating with T-Bills is expensive. Bonds learned the game. They’re Looking Through You. Fed’s not the same.—————————
Song: I’m Looking Through You (1965)The Beatles (John Lennon wrote it.) from their Rubber Soul album remastered in 2009https://www.youtube.com/watch?v=gH6i9JAdJrQ
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.