S&P 500 Market Cap is up by 8% while Equal Weighted Index is down 3%

The Kobeissi Letter

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The S&P 500 equal weighted index is now down almost 3% this year. Just 3 months ago, the S&P 500 equal weighted index was up 10%. It’s set to break below the March regional banking crisis lows this month. Meanwhile, the S&P 500 is up 8% this year erasing more than half of its…