Recent volatility in the stock market has the Invesco S&P 500 Equal Weight ETF relative to the S&P 500 ETF nearing a significant level that dates back to 2008. The approach to this level highlights a concerning trend: the concentration of market performance in just a few large-cap stocks.
This suggests that a small number of large companies are driving the market’s gains, while the broader market is hitting a spread not seen since late 2008.
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