I’ve said many times that I don’t like how top-heavy the S&P 500 has become. Among other problems, its market-cap weighting provides a distorted view of the overall market. But if we look at the S&P 500’s performance in March and in the first quarter, we can see what’s actually driving the index.
The S&P 500 is getting too top-heavy, and that makes equal weight ETFs more appealing than ever.
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