BREAKING:

S&P 500 equal-weighted Index is now underperforming the S&P 500 by its largest margin in 23 years.

Just a handful of companies are pushing the stock market higher, while the majority is being crushed by rising yields.

This is exactly what happened before the 2000… pic.twitter.com/6bA9DKZyso

— The Macro Paper (@macropaperr) October 8, 2026