Core Insights - Investors are currently waiting for a significant dip in the stock market, particularly in the S&P 500 Index, which is seen as a cyclical market that may eventually correct itself [1][2] - The Invesco Equal Weight S&P 500 ETF (RSP) is highlighted as a more indicative measure of U.S. large-cap stock market health compared to the more popular Invesco S&P 500 ETF (SPY), which is cap-weighted [3][4] - There is a notable performance gap between SPY and RSP, with SPY significantly outperforming RSP, indicating a concentration of gains among larger companies [4][5] Performance Comparison - SPY has been trading over $40 billion worth of shares daily, while RSP trades under $3 billion, reflecting a disparity in trading volume and market participation [5] - Over the past six months, SPY has shown nearly an 8% advantage over RSP, suggesting a lack of diversification among the largest U.S. stocks and characteristics typical of stock market bubbles [6]