SPDR S&P 500 ETF Trust Suffers Biggest Loss In Six Months

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May 18, 2017 6:12am NYSE:SPY

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From Jill Mislinski: The S&P opened well below yesterday’s close and fell continuously all day, ending with a 1.82% loss, its largest loss since September 9.


The turmoil surrounding the Trump administration in Washington has reverberated through the markets.

S&P 500

The U.S. Treasury puts the closing yield on the 10-year note at 2.22%.

Here is a daily chart of the S&P 500. Today’s selling puts the volume 10% below its 50-day moving average.

S&P 500

A Perspective on Drawdowns

Here’s a snapshot of record highs and selloffs since the 2009 trough.

S&P 500 Drawdowns

Here is a more conventional log-scale chart with drawdowns highlighted.

S&P 500 MAs

Here is a linear scale version of the same chart with the 50- and 200-day moving averages.

S&P 500 MAs

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.

The losses continued early on Thursday, with the SPDR S&P 500 ETF Trust (NYSE:SPY) falling $0.99 (-0.42%) in premarket trading. Year-to-date, SPY has gained 5.50%.

SPY currently has an ETF Daily News SMART Grade of A (Strong Buy), and is ranked #1 of 108 ETFs in the Large Cap Blend ETFs category.


This article is brought to you courtesy of Advisor Perspectives.


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