Homebuilder Stocks Sink on Home Sales Miss

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Aug. 23 (Bloomberg) -- On today's "The Roundup," Oppenheimer's John Stoltzfus, Bloomberg's Adam Johnson, Julie Hyman, Matt Miller and Deirdre Bolton wrap up the top market moves on Bloomberg Television's "Street Smart." (Source: Bloomberg)

Important data drops , we saw a four percent right -- drop lower than the estimate of all the economists that bloomberg surveyed.

It is the biggest drop in more than three years.

Sometimes you see a surge before rates go up.

Historically, this is still really cheap money.

The mortgage is 17%. i thought it was a deal and a half.

It is almost back of the truck moment.

What has happened is the bond market has preempted the fed in terms of tapering for the first round.

No trader wants to be the last to get on board.

It is almost a synthetic taper.

It is sort of an outlier from the housing data we have seen.

A dramatic difference.

This is against that trend.

That is significant.

This text has been automatically generated. It may not be 100% accurate.

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