09.08.25 “Right Place, Wrong Time” In The Fed World
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Rates in the Right Place. But they fall back at the Wrong Time. Pipelines are in a bad place. But it could be a good time.
The 10-year yield reached our minimum target of 4.11 and came within 6 bps of 4.01, the major resistance level. Taking it out sets the stage to reach our bull target of 3.80.
What support is needed to reach it by the end of September? Weak US jobs, which lacks inflationary pressure, helps the Fed ease on September 17. However, the big push to lower rates will come from deteriorating economic indicators in Europe and growing discontent with the European Union’s unfavorable policies.
We living the Fed world. But it seems so wrong, wrong, wrong, wrong, wrong.
These views are mine. See the right move for the wrong times at TMSpotlight.com.
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Song: Right Place, Wrong Time
Les Parker, CMB Managing Director, Transformational Mortgage Solutions
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.