S&P 500 Equal-Weight Index Falls for Seven Consecutive Weeks, Matching 2022 Bear Market Record
nashnova research
The S&P 500 equal-weight index is set for a seventh consecutive weekly decline, matching the longest losing streak from the depths of the 2022 bear market — a signal that most stocks are sinking beneath a seemingly resilient headline index.
Seven weeks down — what exactly is falling?
The Invesco S&P 500 Equal Weight ETF (RSP), which tracks the index, last traded at $208.02 — its lowest level in recent months.
The equal-weight index — a version of the S&P 500 that sizes every stock equally — hasn't posted a streak this long since mid-2022, the deepest stretch of the bear market.
This means → it is not "the market" that is falling; most stocks are falling, while a handful of mega-caps hold the headline number up.
Why does the regular S&P 500 still look fine?
The standard S&P 500 is cap-weighted — Apple, Microsoft, and Nvidia carry outsized influence, and their gains alone can lift the whole index.
The equal-weight version treats every stock the same, so it better reflects how the typical stock is actually doing.
In plain terms = cap-weighting is like a class average pulled up by a few top scorers; equal-weight shows how most of the class actually performed.
What does this mean for investors?
The widening gap between the two indices signals that market breadth is narrowing — fewer and fewer stocks are rising, and the rally rests on a shrinking base.
This reflects a fragile kind of resilience: if the mega-cap leaders falter, the broader index could catch down quickly.
The last seven-week losing streak came in mid-2022 and preceded a further leg lower — history doesn't have to repeat, but the rhythm deserves attention.
市场有风险，内容仅供研究参考，不构成投资建议。