Invesco S&P 500 Equal Weight ETF

RSP

Market cap $88.9B

After losing nearly 8% through the first three months of the year, the S&P 500 Index has rallied on a renewed AI trade and increasingly bullish investor sentiment. Large- and mega-cap U.S. equities have seen a surge in inflows, helping push the benchmark index up more than 18% since the start of Q2.

Designed to provide broad exposure to the Large Cap Blend segment of the US equity market, the Invesco S&P 500 Equal Weight ETF (RSP) is a passively managed exchange traded fund launched on April 24, 2003.

There is currently a stark contrast between everyday consumer confidence and financial market behavior. On one hand, persistent inflation and elevated living costs have driven consumer sentiment to historic lows.

Despite a rough start to the week, the S&P 500 rallied in the back half to post its eighth consecutive weekly gain, its longest streak since 2023. Ultimately rising 0.9%, the index is now inches away from its all-time high reached on May 14, 2026.

The AI trade continues to power markets, but rising concentration risks and volatile sentiment are making diversification increasingly important. Staying diversified with ETFs may be the smartest long-term move.

The U.S. economic landscape in April was defined by a significant rebound in inflation across both consumer and wholesale sectors, complicating the path for future monetary policy. While retail sales figures indicated continued consumer activity, the data suggests much of this growth was driven by rising fuel prices rather than increased volume.

The S&P 500 secured multiple record highs this week but faltered on Friday, retreating 1.2% to mark its steepest daily decline since late March. Even with that pullback, the index managed to finish the week in the green, securing its seventh straight weekly gain and its longest winning streak since 2023.

Last month saw a significant rebound in the broader equity market, led by strong gains in the Nasdaq Composite. With that, I was a bit more hesitant to add too aggressively, as I had in the previous month when we were in a market correction. That said, there are always some opportunities somewhere, and I took advantage of what I felt were compelling values and a swap trade.

AI optimism and strong earnings are driving bullish S&P 500 targets as investors eye ETFs for long-term growth.

AI optimism and resilient earnings growth keep long-term optimism alive for U.S. equities. Discover ETFs to buy and hold for long-term growth.