S&P 500 Snapshot: -0.72% for the Day, +0.22% YTD, with One Day Left in 2015

The S&P 500 opened lower and sold off in a couple of waves to its -0.79% intraday low early in the final 30 minutes of trading prior to its -0.72% close. The absence of a Santa rally leaves us with a final bit of suspense for 2015. With one day of trading left, the index has a microscopic year-to-date gain of 0.22%. Will it close out the year with a gain? Stay tuned!.

The yield on the 10-year note closed at 2.31%, down 1 bp from yesterday's close.

Here is a snapshot of past five sessions.

Here is a daily chart. The index is closed below its 5-day moving average and is 3.17% off its record close in May. Volume remains light.

A Perspective on Drawdowns

Here's a snapshot of selloffs since the 2009 trough.

 

For a longer-term perspective, here is a log-scale chart base on daily closes since the all-time high prior to the Great Recession.

 

Here is the same chart with the 50- and 200-day moving averages. The 50 crossed below the 200 on August 28th.

 

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