Equal-weighted S&P 500 (RSP) has declined while the price-weighted S&P 500 index (SPX) has rallied, with RSP down for the month while SPX up, creating 'crocodile jaws' chart pattern showing divergence where only the largest-cap names drive index gains
factualpending
Speaker
Brent KachubaEvidence Quote
“they literally look like crocodile jaws now because NASDAQ has gone up every day since the month started uh but the RSP is now negative on the month”
Source
Tesla, MicroStrategy and An Inside Look at the Biggest Options Expiration in Market History— Excess ReturnsCreated: 8/11/2026, 8:03:54 AM
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