According to @charliebilello, the S&P 500 has outperformed the S&P 500 Equal Weight Index by 34% over the past three years, the widest three-year performance gap in history, surpassing the prior 32% record from 1997 to 1999, source: @charliebilello. According to @charliebilello, the 1997 to 1999 episode was followed by a sharp reversal and seven years of Equal Weight outperformance, underscoring elevated concentration risk when cap-weight leadership becomes extreme, source: @charliebilello. According to @charliebilello, traders should note that this update is about equity market breadth and dispersion; no crypto-specific impacts were provided by the source, source: @charliebilello.