This morning's durable goods data was a major disappointment, down for the fifth consecutive month, and Core Capital Goods pegged their sixth monthly decline. The S&P 500 sold off through the day and closed at its intraday low, down 1.46%. This was the third day of selling for the index and its third worst percent decline of the 57 business days so far in 2015.

The yield on the 10-year Note rose to 1.92%.

Here is a 15-minute chart of the past five sessions.

Here is a daily chart of the SPY ETF, where trading volume increased with today's selling.

A Perspective on Drawdowns

Here's a snapshot of selloffs since the 2009 trough.

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For a longer-term perspective, here is a charts base on daily closes since the all-time high prior to the Great Recession.

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