Courtesy of Doug Short.
The stock market was closed today, so the latest price doesn’t reflect the surprisingly bad employment report on Good Friday. Yesterday, the last market day of the week, saw the S&P 500 rose at the open and hit its 0.61% intraday high a few minutes later. It then traded in a narrow range to its trimmed closing gain of 0.35%.
Today the yield on the 10-year Note fell 7 bps to 1.85%.
Here is a 15-minute chart of the past five sessions.
Here is a weekly chart of the index, where we see only a modest weekly gain of 0.29%, and the volume was low, as expected, on a holiday-shortened week.
A Perspective on Drawdowns
Here’s a snapshot of selloffs since the 2009 trough.
For a longer-term perspective, here is a charts base on daily closes since the all-time high prior to the Great Recession.
