05-05-2026 Running in “Circles”
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Rates couldn’t turn around
‘Til they were upside down
Powell said that he’s gone, yet he’ll be around for a while. Trump underscored that the blockade would last as long as it takes. So, the guessing game remains in place: when will the pressure on Oil prices ease, and will they drag growth more than drive inflation?
The 10-year yield spins in circles between long-standing resistance at 4.50 and a trend reversal at 4.20. The bulls need tangible good news on Oil to break out.
Run away, but we’re running in circles. Run away, run away.
These views are mine. Join TMSpotlight to know how circles break.
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Song: Circles (2019) Post Malone
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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.