BREAKING: The S&P 500 Equal Weight ETF, RSP, has seen -$2.0 billion in outflows so far in April, on track for its largest monthly outflow on record. This comes after RSP posted +$6.0 billion in inflows in February, the largest swing in flows since the fund's inception. By comparison, the previous record monthly outflow was -$1.5 billion set in mid-2025. This also suggests narrowing market breadth as investors are rotating back into large-cap tech stocks. Money is flowing back into the Mag 7.(The Kobeissi Letter)