S&P 500 Snapshot: Close To A Correction This Week
Jill Mislinski | Mar 30, 2018 01:06AM ET
The S&P 500 saw another week of losses, down 2.04% from last Thursday. Four out of five days were losses and last Thursday was almost a correction at 9.9% below the all-time high. It is down 2.04% YTD and is 8.08% below its record close.
The U.S. Treasury puts the closing yield on the 10-year note at 2.74%.
Here is a daily chart of the S&P 500. Thursday's selling puts the volume 6% below its 50-day moving average.
Here's a snapshot of the index going back to December 2008.
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.
h3 A Perspective on Volatility/h3
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.
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