05-13-2024 “High Hopes” Or Decay For the Long Haul
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At a higher altitude, QT unfurled. Bulls reached the High Hopes of that dreamed-of world.

Steps taken forward, Bears sleepwalking back again. Dragged by the force of Fed Powell’s higher-for-longer tide.

The perpetual auctions continue to find investors liking high real rates while ignoring conflicting noise. As a result, mechanical trading persists, lowering volatility. Yet, the bears keep control down the well-traveled road.

Will rates decay as dreams fade? Bulls or Bears, both win and lose forever.

The endless rivals

Forever and ever
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Song: High Hopes (1994) Pink Floyd

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.