S&P 500 Snapshot: Fractional Monthly Gain Of 0.48%

The S&P closed June with a fractional monthly gain of 0.48% after a gain of 1.16% in May. The index is down 0.61% from last week and the volume is 7% below its 50-day moving average.

The U.S. Treasury puts the closing yield on the 10-year note at 2.31%.

Here is a daily chart of the S&P 500. Today’s selling puts the volume 7% below its 50-day moving average.

A Perspective on Drawdowns

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.

A Perspective on Volatility

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.