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A Case of Bad Breadth

This chart description is for illustrative purposes only and its accuracy cannot be guaranteed. Please see full disclosures at end of PDF document in the web post. General description: Four-line chart comparing cumulative returns of equity indices vs. their equal weight counterpart. Chart subtitle: A comparison between performance of market capitalization and equal weight indices illustrates the outsized impact of the “Magnificent Seven” on the U.S. equity market in 2023. Chart source: Bloomberg as of December 31, 2023. Chart visual description: Y-axis labeled “Cumulative Return” and ranges from -10% to +30%. X-axis labeled in monthly increments, from Dec-22 through Dec-23. MSCI EAFE Index line plotted in dark blue, MSCI EAFE Equal Weight Index in light blue, S&P 500 Index plotted in dark orange, S&P 500 Equal Weight Index plotted in light orange. Chart data description: Please contact us for the full dataset. Most recent data point, 12/29/23, as follows: S&P 500 at 26%, MSCI EAFE at 18%, MSCI EAFE Equal Weight at 16%, S&P 500 Equal Weight at 13%. End chart description. See disclosures at end of document.
Posted on January 10, 2024January 10, 2024 Full size 1911 × 1033

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