Equal-Weighted S&P 500 Superior to Market-Cap Weighted (RSP vs. SPY)

A short-term overbought market pushing up against prior highs and overhead resistance leads to some selling yesterday, writes David Fry, founder and publisher of The ETF Digest. I find RSP’s trending characteristics superior to SPY. In fact, RSP appreciated 13% from its spring lows while SPY only appreciated a little less than 10%. Sure, there’s more volume in SPY and it’s well promoted; however, I would use RSP for “long