Brent Nyitray has 18+ years of experience in the investment industry, primarily focused on the Real Estate Sector at a variety of hedge funds, including Elliot Management and Dellacamera Capital Management. Until 2004, Brent was a Managing Director at Bear Stearns, responsible for the European Risk Arbitrage trading desk in London. Brent earned an MBA in 1994 from the Simon Graduate School of Business with a 3.9 GPA. He was formerly a US Naval Officer.
Disclosure: I am in full compliance with all ethics and other policies for Market Realist research analysts. I am not invested in securities that I cover on Market Realist.
For the week ending August 19, Fannie Mae TBAs ended at 103 17/32—down 7 ticks for the week. The ten-year bond yield rose by 7 basis points to 158 basis points.
We’re nearing the end of August—many investment professionals will be watching markets from the beach. The second revision to Q2 GDP will be out on Friday.
The NAHB Wells Fargo Housing Market Index, which measures homebuilder sentiment, peaked at 71 during the height of the housing bubble in late 2005. It bottomed out at 8 in early 2009.
QE increased the size of the Fed’s balance sheet almost eightfold since the turn of the century. Currently, the Fed’s balance sheet holds around $4.5 trillion.
