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The S&P 500 set an intraday high of 2,087.56 yesterday. However it ended the holiday-shorted session with a bit of selling in the final two minutes. The index ended with a flat finish, down a hair (-0.01%) from Tuesday's record close. The yield on the U.S. 10-Year Note closed at 2.27%, up 1 bp from Tuesday's close.
Here is a 15-minute chart of the past five sessions.
A Perspective on Drawdowns
We're now five days off the record close in the S&P 500. Here's a snapshot of sell-offs since the 2009 trough.
For a longer-term perspective, here is a pair of charts based on daily closes starting with the all-time high prior to the Great Recession.
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