S&P 500 Snapshot: Biggest Loss in Five Months
Today's S&P 500 opened at its daily high and proceeded to tumble throughout the day, ending the selloff with a 1.24% loss, its largest since October.
The U.S. Treasury puts the closing yield on the 10-year note at 2.43%.
Here is a daily chart of the S&P 500. Today's selloff puts the volume 9% above 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.