2.26.24 Bears May Find "Trouble Every Day"
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Well, CASH about to get UPSET From watchin' Jay’s DELAY. He’s checkin' out / the news Until his eyeballs fail to see.
On January 31, during Jay Powell's press conference, he said that the committee would begin to explore slowing sales of its Treasury portfolio.
Some analysts think the language indicates Quantitative Tightening slows later than sooner, while others opined it slows sooner.
The market continues to trade sideways and mechanically as it waits for the Fed to reduce the sale of Bonds.
Expect the bears not to find the momentum to push rates to a new high. As a result, the bulls can roar back in Spring when QT thaws.
No way to delay Cash trouble comin' the Fed’s way.
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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.