S&P 500 Snapshot: Briefly Above 6,800

Core Insights - The S&P 500 index reached a historic high of 6,800, closing at a record high and posting a weekly gain of 1.9%, marking its third gain in the last four weeks [1] - The S&P 500 has shown significant resilience since the Global Financial Crisis, with a notable recovery period that took over five years to reach a new all-time high [1][2] - Year-to-date performance shows the S&P 500 up 15.73%, while the S&P Equal Weight Index is up 9.45%, indicating a disparity in performance between market cap-weighted and equal-weighted indices [4] Group 1: Historical Performance - The S&P 500 reached an all-time high of 1,565.15 on October 9, 2007, before experiencing a decline of approximately 57% to 676.53 by March 9, 2009, during the Global Financial Crisis [1] - The index took over five years to recover, reaching a new high of 1,569.19 on March 28, 2013 [1] - Recent selloffs in 2022 are highlighted when analyzing performance excluding the Global Financial Crisis [2] Group 2: Volatility Analysis - The S&P 500 experienced its largest intraday price volatility of 10.77% on April 9, 2023, since December 24, 2018 [3] - The average percent change from intraday low to high over the past 20 days is 1.04%, indicating a trend in volatility [3] Group 3: Index Comparison - The S&P 500 is a market cap-weighted index comprising the 500 largest U.S. stocks across 11 sectors, while the S&P Equal Weight Index gives equal weight to each constituent [4] - The performance disparity between the two indices suggests differing market dynamics and investor sentiment [4]