The market rally is spreading out.
The equal-weight S&P 500 ETF ($RSP) is beating the regular S&P 500 ETF ($SPY) by +5.0% this June—its best month vs SPY since 2009, and second-best in over 20 years.
RSP is up +1.9% in June, while SPY is down -3.1%. This week alone, RSP b
Stock market leverage in Asia is starting to break down.
Taiwan securities firms reported $62 million in stock trade defaults in June so far—highest monthly total since 2019.
Trade defaults are up 300% in two months, surpassing 2021 record by 20%.
Margin purchases jump