"SPEW? I'm a clueless retail investor buddy. I look at the DOW, NASDAQ and S&P 500 for my trending"
even a "clueless retail investor" (and you are describing more of a trader than an investor, but i digress) should know (or at least research before shrugging it off) that the SPEWI ***is** the S&P 500
it is the equal weighted S&P vs. the cap weighted S&P
and if you aren't including it in your list of "markets' to look at, you are selling yourself and the market short... so to speak.
the S&P, being cap weighted, is naturally biased towards the few big players in the index, such that a few issues in the S&P have an exceptionally disproportionate impact
the SPEWI equally weights all index components and thus can give you an excellent idea of relative performance and also show you why this is a bull market that has surpassed NUMEROUS 2000 highs.
and for a basic "retail investor" you should know the SPEWI has soundly trounced the cap weight S&P on a returns basis.
hth
even a "clueless retail investor" (and you are describing more of a trader than an investor, but i digress) should know (or at least research before shrugging it off) that the SPEWI ***is** the S&P 500
it is the equal weighted S&P vs. the cap weighted S&P
and if you aren't including it in your list of "markets' to look at, you are selling yourself and the market short... so to speak.
the S&P, being cap weighted, is naturally biased towards the few big players in the index, such that a few issues in the S&P have an exceptionally disproportionate impact
the SPEWI equally weights all index components and thus can give you an excellent idea of relative performance and also show you why this is a bull market that has surpassed NUMEROUS 2000 highs.
and for a basic "retail investor" you should know the SPEWI has soundly trounced the cap weight S&P on a returns basis.
hth
