John Lake's (johnlake2) Blog

So, what a day yesterday! The Federal Reserve cut their rate by 25 basis points. We knew this August 22nd, and the market had priced it in by September 15th, so that meeting was just about what happens next. So, let’s look at the message.The term Jerome Powell used was that there is a no risk-fre...

With less than 1 week until the September Federal Reserve Meeting, here is what we know.Fed Chair Jerome Powell cautiously opened the door to a cut at the Fed’s Jackson Hole symposium last month, and more recent data showed the hiring slowdown extended into August.   A slowing jobs market has pro...

After an Anemic Jobs report on Friday, Mortgage Bonds are in Rally Mode! That rally continues today. We are seeing the 10-year bond approaching 4%.So, what happened? We are witnessing the continuing weakening in the job market. The August reading was expected at 75,000 jobs created and it came in...