Show notes:
TMSpotlight:
02-10-2026 Gold and Silver are “Dazed and Confused”
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Rates Dazed and Confused for so long it’s turned blue.
Wanted a rally, jobs made it come true.
Commodities go wild, while rates chill. Bank of America’s Bubble Risk Indicators for gold and silver signaled a bubble-like instability just as things broke loose.
Regardless of Friday’s rally, mortgages and Treasuries are staying in their defined lanes. Mortgages remain bullish while Treasuries hold to their bear trend. The 10-year yield seeks to wear path from 4.33 to 4.13. Knocking down 4.13 can invigorate a move to 4%.
Range trading, maybe, here it comes again.
These views are mine. Avoid confusion by signing up at les@parkerandcompany.net.
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Song: Dazed And Confused (1967) Jake Holmes’ song was reworked by The Yardbirds. Led Zeppelin reworked it in 1968, which is the popular version.
The Lykken on Lending program will feature our Weekly Mortgage Updates with Adam DeSanctis and his MBA Mortgage Minute, and then Les Parker’s TMSpotlight, a macroeconomic perspective on the economy with a music parody. That leads to Matt Graham of MBS Live providing you a rate & market update, followed by David Kittle, Chief Executive Officer @ Cypress Mortgage Capital, to discuss mortgage originations. Then we have Alice Alvey of Union Home providing a regulatory & legislative update, then Allen Pollack giving us a Tech Report on the latest technology impacting our industry. Finally, we wrap up the first half of the program with Marc Helm, Senior Executive Partner @ Transformational Mortgage Solutions, talking about Loan Servicing and the “Agencies”.