Recent trading activity in the S&P 500 has shown a concerning trend, with only 107 stocks currently higher, indicating poor market breadth. The S&P 500 equal-weight index, represented by $RSP, has reached a seven-month low, reflecting a similar downward trend. Analysts have noted that $RSP is at its lowest point since yesterday, contributing to what is described as 'awful' breadth in the market. Over the past two days, $RSP has experienced one of its worst returns in eight months, leading to underperformance compared to the broader market, as indicated by the performance of $SPY.