The #SPX drawdown is up top with the cap-heavy nature of the current leadership shown. In addition to the #SP500 index, we see the equal-weighted S&amp;P 500 (SPW). Its drawdown (gray line) has only improved to -24% from the high, consistent with post-crash rallies during ‘87 &amp; ‘08. https://t.co/mLQI97SnfO