"the S&P500 equal weight index was only up 18 bps today – clearly a "size-led" rally with SPX > SPW by ~130 bps today, a top 5 daily spread over the last 5+ years" - Goldman https://t.co/L4phu1IeZx
Why now
Thesis: Size-led rally with narrow breadth historically raises fragility if leadership fades
Catalyst to watch: Mega-cap earnings and breadth indicators
Main risk: Leadership reversal triggering broad selloff
Why it matters
A size-led rally concentrated in mega-caps signals narrow breadth, which historically raises fragility if leadership fades.
Details
"the S&P500 equal weight index was only up 18 bps today – clearly a "size-led" rally with SPX > SPW by ~130 bps today, a top 5 daily spread over the last 5+ years" - Goldman https://t.co/L4phu1IeZx
Sources
- x · 2026-09-22 02:19 UTC