Squawk on the Street SOTS 2nd Hour: 6/26/25
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Jun 26, 2025 Jack Hittery, CEO of Sandbox AQ, shares his insights on NVIDIA's impressive performance and the evolving AI landscape. He discusses the implications of AI innovations across sectors like healthcare and logistics. Matt Halbauer, leading Pentwater Capital, dives into his strategic investments in Fannie Mae, Freddie Mac, and the dynamics of the energy market, emphasizing the intricacies of hedge fund positioning. Together, they illuminate the intersection of technology, investment strategies, and market trends amid rising uncertainty.
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Housing Sales Rise Slightly Amid Challenges
- Pending home sales rose slightly despite climbing mortgage rates due to increased inventory.
- However, sales remain near the lowest levels in 24 years, highlighting affordability issues.
Mayor Race Sparks Economic Concerns
- New York's mayoral primary winner Mamdani's policies raise concerns among businesses about the city's economic future.
- Business migration out of New York could shift economic activity to other regions, impacting local GDP.
Pause in NYC Home Buying Revealed
- Robert Refkin noted an unprecedented pause in New York home buying after the mayoral primary results.
- Buyers consult lawyers and wait to see election outcomes, creating buyer opportunities amid uncertainty.