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The equal-weighted S&P 500 almost doubled the market-cap weighted index in Q3. (h/t @ReadOpeningBell) https://t.co/iWGQZcd3X7
The equal-weighted S&P 500 and the Russell 2000 saw their respective 252-day rate of changes cycle from below -15% to above 25%, indicating positive price momentum typically associated with sustainable long-term uptrends. https://t.co/apzTVVtJHh
"I've remarked lately that the benchmark S&P 500 Index and Dow Jones Industrial Average have been hitting new all-time highs, while the Russell 2000 (and Nasdaq Composite Index) have lagged. The Russell 2000 is still about 9% from matching its all-time high from November 2021,… https://t.co/IFBBiSzAGX
The equal-weighted S&P 500 outperformed the market-cap weighted S&P 500 by 3.6% in the third quarter of 2024, almost doubling its performance. This marks the best performance since the fourth quarter of 2022, a trend often seen emerging from bear markets. Additionally, the Dow Jones Industrial Average and the S&P 500 hit record highs last week, while the Russell 2000 and Nasdaq Composite Index lagged behind. The Russell 2000 is still approximately 9% below its all-time high from November 2021. The 252-day rate of change for the equal-weighted S&P 500 and the Russell 2000 cycled from below -15% to above 25%, indicating positive price momentum typically associated with sustainable long-term uptrends.
