Following Wednesday’s Fed hike announcement, the S&P shot up over the next few hours until its close. Thursday’s index dropped after its open and oscillated within a smaller range. It opened Friday within that same range and closed the week with a 0.24% gain week over week and a 0.13% loss from Thursday.
The U.S. Treasury puts the closing yield on the 10-year note at 2.50%, up from the previous Friday’s close.
Here is a daily chart of the S&P 500. We can see that Friday’s close reached another all-time high.
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.