S&P 500 Snapshot: First Week Of 2021 Up 1.8%
The S&P 500 closed the first week of 2021 up 1.83%, rising almost each day. The index is also at yet another record high.
The U.S. Treasury puts the closing yield on the 10-year note as of January 8 at 1.13% which is above its record low (0.52% on 8/4/2020). The 2-year note is at 0.14%.
Here's a snapshot of the index going back to 2011.
A Perspective on Drawdowns
Here's a snapshot of record highs and selloffs since the 2009 trough.
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.
Here is a more conventional log-scale chart with drawdowns highlighted.
Here is a linear scale version of the same chart with the 50- and 200-day moving averages.
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.
Disclosure: None.