Show notes:
TMSpotlight:
12-16-2025 New Bear Trend Is “Nothing from Nothing”
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Nothin’ from nothin’ leaves nothin’. Bears gotta have somethin’ if they wanna trend to be.
EU leadership has neither money nor voters’ support to stop the US-Russia Ukrainian peace deal. US wage increases are slowing. China deflates. Germany’s growth shows green shoots but remains constrained by high energy costs.
Jobs are stagnating, while inflation components create competing narratives. The new bear trend has no momentum, while the bulls have much to prove. Nothing from nothing is nothing.
Cause bearishness is too low to see, yeah.
These views are mine. Know when nothing becomes something at TMSpotlight.com.
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Song: Nothing From Nothing (1974) Billy Preston
Related article: US Treasury buys another $12.5 billion of its own debt:
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”.