There is a big theme going on right now – and that’s the inability for important indexes to get above their 2021 highs.
You’re seeing it at the individual stock level, you’re seeing it across specific sectors and industry groups, and you’re definitely seeing it in the S&P500 and Nasdaq100 Equally-weighted.
These indexes below eliminate the excessive weightings in certain stocks and sectors and equally-weight all of its components.
Look at both of them still stuck below their 2021 highs: [Read more…]