Equities around the world ended the day with a modest change from yesterday: +0.28% for the Shanghai Composite, -0.37% for the Nikkei, and -0.27% for both the DAXX and FTSE. The S&P 500 absorbed this morning's read on Producer Prices, Industrial Production and Consumer Sentiment with little fanfare. The Index oscillated around its opening price through the morning and then gradually rose to its 0.43% intraday early in the final hour of trading. It closed the day with a slightly trimmed gain of 0.39% and the week with a somewhat larger gain of 0.67%.
The yield on the 10-year note closed the day at 2.20%, up 2 bps from last Friday's close.
Here is a snapshot of past five sessions.
The index spent the day inside the narrowing space between its 50 and 200-day moving averages. Trading volume was the lowest since mid-June.
A Perspective on Drawdowns
Here's a snapshot of selloffs since the 2009 trough.
For a longer-term perspective, here is a charts base on daily closes since the all-time high prior to the Great Recession.
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