Sideways Range
The S&P 500 Equalweight index, which gives each stock in the index an equal 0.2% weighting, is currently trading at the same level it was at back in April 2021. Investors used to getting the standard 8-10% per year in the US stock market have gotten far less than that over the last two and a half years.
Below is a five-year price chart of the S&P 500 Equalweight index showing the sideways range it has been in for the last few years.
The spread between the S&P 500 Equalweight's highest and lowest closing price over the last three years currently stands at 31%. As shown below, 31% is an extremely low 3-year high/low range; well below the average of 75.5% seen across all rolling 3-year periods going back to 1992. The tight spread now, though, comes after a period in which the high/low range had gotten well above its historical average. And the pendulum continues to swing...
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Disclaimer: Bespoke Investment Group, LLC believes all information contained in this report to be accurate, but we do not guarantee its accuracy. None of the information in this report or any ...
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