S&P 500 Snapshot: Down 0.22% From Wednesday

The S&P opened at its daily high and bounced around most of the day until it closed about 14 bps above its daily low. The index saw a daily loss of 0.22% and a YTD gain of 10.42%.

The U.S. Treasury puts the closing yield on the 10-year note at 2.24%.

Here is a daily chart of the S&P 500. Today's selling puts the volume 2% below its 50-day moving average.

Here's a monthly snapshot of the index going back to December 2007.

A Perspective on Drawdowns

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

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Here is a more conventional log-scale chart with drawdowns highlighted.

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Here is a linear scale version of the same chart with the 50- and 200-day moving averages.

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A Perspective on Volatility

For a sense of the correlation between the closing price and intraday volatility, the chart below overlays the S&P 500 since 2007 with the intraday price range. We've also included a 20-day moving average to help identify trends in volatility.

(Click on image to enlarge)