This Is My No. 1 Recommended ETF to Buy in July

The article recommends the Invesco S&P 500 Equal Weight ETF (RSP) as a complementary investment to balance the concentration risk in the traditional S&P 500 index. The S&P 500 has become heavily concentrated in mega-cap tech stocks, with the Magnificent Seven accounting for nearly 32% and the tech sector representing 38% of the index. RSP provides more diversified exposure across sectors like industrials, utilities, and healthcare, and has outperformed the S&P 500 year-to-date.