S&P 500 Equal Weight Index on Track for Best Outperformance Since 2009

Key Facts

1The S&P 500 Equal Weight Index is on track to outperform the market-cap weighted index by the largest margin since 2009.

The S&P 500 Equal Weight Index is on track to outperform the market-cap weighted index by the largest margin since 2009. Seeking Alpha reported that this trend marks a significant shift in market leadership, as mid-cap and smaller components of the S&P 500 begin to outpace the mega-cap technology giants that typically dominate the benchmark.

This rotation occurs alongside improving economic indicators, with the Chicago Fed National Activity Index reaching 0.07 on October 26, 2026, beating previous estimates. Additionally, the Dallas Fed Manufacturing Index rose to 13.4 on the same date, providing a fundamental backdrop for the broadening of market breadth across various sectors.

The Federal Reserve is scheduled to announce its interest rate decision on October 28, 2026, with forecasts maintaining the rate at 4%. This event, followed by the GDP growth rate data on October 29, 2026, will be critical in determining the sustainability of the current rotation into equal-weighted positions.

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