08-12-2024 "Always Crashing in the Same Car" Into The Bear Wall
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The market’s going ’round and ’round the DATA garage
Must have been getting close to 3.44.
The struggling Dollar and Gold’s sustained bullishness point to calamity ahead. Meanwhile, Crude Oil and Bonds do not expect WW3 within the next two weeks.
After the 10-year T-Note yield reached 3.67 and corrected to 4.02, expect the correction to stay under 4.18 and probably 4.08. The bulls should reach 3.44, sending mortgage rates below 6%. But will they crash into the bear wall again?
Ah (singer only), bulls are Always Crashing In The Same Car.
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Song: Always Crashing in the Same Car (1977) David Bowie
https://www.youtube.com/watch?v=hv7Y7F-Q2KE
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.
