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 SPDR S&P 500 (ARCA:SPY) ETF, where trading volume increased with today's selling.
A Perspective on Drawdowns
Here's a snapshot of selloffs since the 2009 trough.
For a longer-term perspective, here is a charts base on daily closes since the all-time high prior to the Great Recession.
