RSP - The Equal-Weighted S&P 500 Rallied From 52-Week Lows To 52-Week Highs In A Month | Benzinga
The S&P 500 Index is up more than 5% over the past month. On an equal-weighted basis, the move is even more impressive.
What Happened:
The Invesco S&P 500 Equal Weight ETF (ARCA:RSP) made a new 52-week low of $133.34 on Oct. 27. Since that time, the equal-weight S&P has rallied nearly 19% to reach new 52-week highs of $158.25. The new 52-week high was made on Dec. 14, just 33 trading days after the index hit its lows for the year.
SentimenTrader chief research analyst Jason Goepfert highlighted the historic rally in a post on the X platform on Tuesday.
A lot of people are saying ...