Markets – Macro – Technicals

Equal Weight

Nasdaq and $RUT making new all time human history highs, $SPX just a few handles below. $VIX down to 10.4-10.5 with another stunning volatility compression. Markets love elections apparently as every election on the planet gets bought no matter the outcome.

The only missing element? Equal weight. Just doesn’t like this rally:

Markets don’t care for now. But the chart is glaring.

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