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Nervous markets await NvidiaThis summary was created by AI, based on 1 opinions in the last 12 months.
The Rydex S&P Equal Weight ETF (RSP-N) has shown a positive momentum, recording a notable 9% gain over the last quarter, indicating a strong uptrend in its performance. Recent economic data, including soft Personal Consumption Expenditures (PCE), in-line Gross Domestic Product (GDP) figures, and a soft Producer Price Index (PPI), suggest a trend towards disinflation. This economic backdrop is likely to bolster investor confidence in the ETF, making it an attractive option in the current market landscape. Experts seem to agree that such indicators provide a supportive environment for growth, maintaining a favorable outlook for the ETF going forward. Overall, the combination of positive performance and encouraging economic data positions RSP-N favorably for both current and potential investors.
RSP is not overly exposed to just tech and communications. IWM at market weight has performed much better than RSP. But we're hopefully going to see some rotation. RSP is a great idea, and there are similar tickers that trade on the Canadian side.
IWM has the smallest 2000 companies out of the Russell 3000, underperforming. Small cap should perform better with steady or falling interest rates, as they tend to be more levered.
His portfolio style favours the mid- and large-cap names, but small caps can do well in a lower-rate environment.
Each portion of this is worth 1/500. The main reason you want to move to an equally weighted index at this point in time is that as this market progresses, the breadth of the market and the number of stocks participating widens and widens, which is why these equally weighted indexes and ETFs tend to outperform their underlying benchmarks.
Rydex S&P Equal Weight ETF is a American stock, trading under the symbol RSP-N on the NYSE Arca (RSP). It is usually referred to as AMEX:RSP or RSP-N
In the last year, 1 stock analyst published opinions about RSP-N. 1 analyst recommended to BUY the stock. 0 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Rydex S&P Equal Weight ETF.
Rydex S&P Equal Weight ETF was recommended as a Top Pick by on . Read the latest stock experts ratings for Rydex S&P Equal Weight ETF.
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
1 stock analyst on Stockchase covered Rydex S&P Equal Weight ETF In the last year. It is a trending stock that is worth watching.
On 2025-05-02, Rydex S&P Equal Weight ETF (RSP-N) stock closed at a price of $171.89.
This has definitely been on an uptrend, 9% the past quarter. Data this week certainly helps: PCE was soft, GDP was in-line, PPI is soft, all pointing to disinflation.