Click here to listen to previous episodes.
About Chen Lin
Author "What is Chen Buying? What is Chen Selling?" Chen grew $5,400 to $2.3 million in 10 years. Learn More
S&P 500 Wraps Up The Week With A Solid 1% Gain
From Doug Short: Despite its fractional -0.09% Friday decline, the S&P 500 posted a weekly gain of 1.03% for the fourth week of 2017, ending two weeks of small declines. The index is up 2.50% year-to-date.
As the five-day snapshot illustrates, all of this week’s gains came on Tuesday and Wednesday, followed by a narrow trading range, mostly in the shallow red, on Thursday and Friday. In one respect, that Friday loss was surprisingly small given the disappointing 1.9% Advance Estimate of Q4 GDP and relatively weak headline Durable Goods. But the US equity market appears more aligned with the surge in post-election Consumer Sentiment.
Here is a snapshot of the past five sessions.
The U.S. Treasury puts the closing yield on the 10-year note at 2.48%, down one BP from the previous Friday close.
Here is a weekly chart of the index.
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.
The SPDR S&P 500 ETF Trust (NYSE:SPY) closed at $228.97 on Friday, down $-0.36 (-0.16%). Year-to-date, SPY has gained 2.43%.
SPY currently has an ETF Daily News SMART Grade of A (Strong Buy), and is ranked #1 of 109 ETFs in the Large Cap Blend ETFs category.
This article is brought to you courtesy of Advisor Perspectives.
You are viewing an abbreviated republication of ETF Daily News content. You can find full ETF Daily News articles on (www.etfdailynews.com)
Powered by WPeMatico