S&P 500 Snapshot: Up 9.34% YTD

The S&P opened above this week’s previous daily opens and briefly oscillated around a narrow point until it steadied and closed the day with a small gain of 0.19%. The index is up 0.93% since last Friday and up 9.34% YTD.

The U.S. Treasury puts the closing yield on the 10-year note at 2.35%.

Here is a daily chart of the S&P 500. Today’s selling puts the volume 12% below its 50-day moving average.

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.