The S&P 500 Equal Weight Index beat its cap-weighted version by the widest margin in six years, signaling a major rotation away from mega-cap tech

The S&P 500 Equal Weight Index beat its cap-weighted version by the widest margin in six years, signaling a major rotation away from mega-cap tech

The one-year correlation between the S&P Equal Weight Index and S&P 500 has dropped to a record low of 79%, revealing extreme market concentration risk.