S&P 500 Snapshot: Correction Territory, Cusp of Bear

The S&P 500 has been in correction territory for over 12 market days and is nearing bear market territory (defined as 20% off a record high). The index is 18.66% below its record high and is down 18.14% YTD.

S&P 500

The U.S. Treasury puts the closing yield on the 10-year note as of May 20 at 2.78% which is above its record low (0.52% on 8/4/2020). The 2-year note is at 2.60%. See our latest Treasury Snapshot here.

S&P 500

Here's a snapshot of the index going back to 2012.