S&P 500 Snapshot: A Modest Bounce After The Worst Decline Since February Of 2014
The financial crisis in Greece continues to grind its way toward default, but today the markets took a breather after yesterday's selloff, which was the worst in the S&P 500 since early February of last year. The index opened higher and rallied to its 0.81% intraday high in the afternoon. But most of the gain evaporated in afternoon selling. It closed with a modest 0.27% gain for the day. The month of June pegged a loss of 2.10%.
The yield on the 10-year note closed today at 2.35%, 2 bps above yesterday's close.
Here is a 15-minute chart of the past five sessions.
Here is a monthly chart of the index. It closed out June are mere 9 points above its 10-month moving average.
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.
Disclosure: None.