06-17-2024 Bond "Barracuda"
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Bears, this is the end; Bulls rise up again - to reign
They had to take the trend away.
Bond barracuda kept the Fed in line, resulting in a new bull market.
Long-term, look for the 10-year yield to stay below 5% and mortgage rates below 7.75. Imagine a sub-6% 30-year mortgage rate by yearend and the 10-yield falling below 3.50. Global political and financial uncertainty continues to pressure the Fed to keep the system liquid. This outlook is:
Inflation’s gonna burn, burn, burn to the wick. Bond Barracuda
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Song: Barracuda (1977) Heart
https://www.youtube.com/watch?v=PeMvMNpvB5M
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.
