S&P 500 Snapshot: A Modest Bounce after the Worst Decline Since February of 2014
June 30, 2015
by Doug Short
The financial crisis in Greece continues to grind its way toward default, but today the markets took a breather after yesterday's selloff, which was the worst in the S&P 500 since early February of last year. The index opened higher and rallied to its 0.81% intraday high in the afternoon. But most of the gain evaporated in afternoon selling. It closed with a modest 0.27% gain for the day. The month of June pegged a loss of 2.10%.
The yield on the 10-year note closed today at 2.35%, 2 bps above yesterday's close.
Here is a 15-minute chart of the past five sessions.
Here is a monthly chart of the index. It closed out June are mere 9 points above its 10-month moving average.
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.