Tuesday, June 22, 2010

Market Update, Fed Meeting Preview and more

by Bill McBride on 6/22/2010 04:03:00 PM

Stock Market Crashes Here is an interactive market graph from Doug Short of dshort.com (financial planner).

Click on graph for interactive version in new window.

The graph has tabs to look at the different bear markets - "now" shows the current market - and there is also a tab for the "four bears".

Tomorrow the Census Bureau will release New Home sales for May (consensus is for around 400,000) and the FOMC statement will be released.

Tom Lawler called the existing home sales number correctly today (he constructed an estimate from local data), and he is taking the under on new home sales too. See: Lawler: Home Sales in May: A Look at the Data.

On Sunday I posted a preview of the FOMC statement: Look Ahead to FOMC Statement on Wednesday. The statement will be a little less upbeat.

And on existing home sales today (with graphs):

  • Existing Home Sales decline in May

  • Existing Home Sales: Inventory increases Year-over-Year

  • Existing Homes: Months of Supply and House Prices

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