The equal-weighted S&P 500 index is down nearly 3% this year.
Just 3 months ago, the equal-weighted S&P 500 index was up 10%.
This month it should break below the lows of the March regional banking crisis.
The S&P 500, meanwhile, is up 8% this year, giving up more than half its gains.
And all this against the backdrop of a continued sharp decline in the S&P 7 - the largest stocks in the technology sector.

A tech stock crash means a market crash.

Technology stocks are the market.