If one had to make a bullish argument for the market, I’d offer this chart: the equal-weighted S&P 500. It seems that the strength of the market is starting to broaden substantially. It isn’t just about the Mag-7 anymore.
![](https://slopeofhope.com/wp-content/uploads/2024/08/slopechart_SPXEW-640x335.jpg)
If one had to make a bullish argument for the market, I’d offer this chart: the equal-weighted S&P 500. It seems that the strength of the market is starting to broaden substantially. It isn’t just about the Mag-7 anymore.