Courtesy of Doug Short.
The big news today is Winter Storm Juno now beginning to hammer northeast. The S&P 500 spent the day in the second narrowest intraday range of 2015 (Friday being the narrowest) from its -0.53% early morning low to its 0.28% intraday high shortly before the 0.26% final tally.
The yield on the 10-year Note, which closed at 1.83%, up two bps from Friday’s close.
Here is a 15-minute chart of the past five sessions.
Here is a daily chart of the SPY ETF, which gives a better sense of investor participation. Volume was 30 percent below its 50-day moving average.
A Perspective on Drawdowns
Here’s a snapshot of selloffs since the 2009 trough. The S&P 500 is 1.60% off its record close on December 29th.
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.
