 Well, then, does this represent an opportunity to illustrate the benefit of a long-term investor staying the course? Yes. An equal-weighted S&P 500 investor lured by the strong performance of the cap-weighted index could have switched on July 10th. This investor would have missed the rotation, eroding their performance by 4.6% compared to staying the course. Today, we're releasing another Sightlines article and podcast episode on this topic.