The S&P 500 rallied at the open, traded sideways and then rose to its 1.07% intraday high in the early afternoon. The index then sold off at accelerating rate to its -0.56% intraday low early in the final hour. It then recovered to the vicinity of Thursday's close, ending the day with a fractional -0.05% loss. The 500 is down -1.36% for the week.
The yield on the 10-year note closed the day at 2.17%, up 4 bps from the previous close.
Here is a snapshot of past five sessions.
Here is a weekly chart of the index, which gives an interesting view of the relatively narrow range until the sharp selloff that began six weeks ago. The S&P 500 is now down -6.2% for the year and -9.36% off its all-time high.
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.
Comments
Log in or sign up to join the conversation.