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Podcast: Lykken on Lending
Episode: High Hopes" Or Decay For the Long Haul - TMSpotlight by Les Parker
Description: 05-13-2024 "High Hopes" Or Decay For the Long Haul-----------------------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 fa...