S&P 500 Snapshot: Index Over 3000

The S&P started the week below its record high only to jump mid-week amid news of a potential interest rate cut. The index is up over 20% YTD, up 0.78% from last week and has reached a record-breaking 3,013.77

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The U.S. Treasury puts the closing yield on the 10-year note at 2.12%, which is below the 1-month note, which is at 2.16%. The 20- and 30-year notes are at 2.42% and 2.64%, respectively.

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Here's a snapshot of the index going back to October 2009.

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A Perspective on Drawdowns

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

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Here's a table with the number of days of a 1% or more change in either direction and the number of days of corrections (down 10% or more from the record high) going back to 2013.

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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.

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