From Jill Mislinski: On Thursday, the S&P dropped 1.54% from Wednesday, and closed Friday with a loss of 0.65% from the previous week.
The index saw daily losses in 3 of the last 5 market days and is up 8.34% YTD.
The U.S. Treasury puts the closing yield on the 10-year note at 2.19%.
Here is a daily chart of the S&P 500. Today’s selling puts the volume 3% 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.
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.
The SPDR S&P 500 ETF Trust (NYSE:SPY) closed at $242.71 on Friday, down $0.38 (-0.16%). Year-to-date, SPY has gained 9.58%.
This article is brought to you courtesy of Advisor Perspectives.