Trump’s secret China deal →

President Trump just returned from Beijing with the most powerful business delegation in American history…

Elon Musk. Nvidia’s Jensen Huang. Apple’s Tim Cook. Treasury Secretary Scott Bessent and the CEOs of CitiBank, BlackRock, and Goldman Sachs.

The media covered the handshakes, the state banquet, the 200 Boeing jets that China agreed to buy.

But, of course, they missed the real story.

Because while the world watched the pageantry, I believe something far more consequential was being negotiated behind closed doors.

Trump wasn't in Beijing to talk about soy beans. He was there to secure America's hemispheric grip on the most critical resource of the 21st century.

So precious, he desperately needs it to reverse the decline of the U.S. dollar. And so powerful, Vladimir Putin has said whoever controls it will "become the ruler of the world."

No one seems to be asking why Trump brought the CEOs of the world's most powerful technology and energy companies onto Air Force One.

Or what those men – who between them control more capital than most nations – were really there to negotiate.

And nobody has connected what went down in Beijing to a landmark pact signed by 13 nations in Washington just months ago – a pact designed to cut China out of the biggest investment wave in financial history.

But I have.

And what I've uncovered could impact everything about your financial future – from your stock portfolio to your retirement account to the purchasing power of every dollar you've saved.

In my new documentary, I expose exactly what Trump is really doing, how he has completely bypassed Congress to make it happen – and the five mission-critical assets sitting at the heart of his shocking, $3 trillion gambit.

Go here for the full story.

Good investing,
Porter Stansberry

Today's Market Update For You

The S&P 500 Closes at a Record 7,804 — Up 13% Year-to-Date — While Capital Rotates Out of Mega-Cap Tech Into Healthcare and Energy: What the Equal-Weight Divergence Reveals About the Rally's New Architecture

The S&P 500 reached 7,804 — a fresh record — after soft price data reinforced the view that the Federal Reserve has no near-term catalyst to raise rates, with the Nasdaq advancing 1.1% in the same session and the Dow adding 70 points; the index has now logged 25 record closes in 2026, the most recent coming just days after the broadest weekly gain of the year at 3.6% on the S&P and 5.2% on the Nasdaq.

The apparent paradox — a market at all-time highs while Hormuz remains closed, inflation sits at a three-year high, and nine FOMC members project rate increases — resolves through the sector rotation that is quietly redistributing the rally's weight. Technology's forward multiple has compressed to a zone where its valuation relative to Healthcare — the latter trading near 18x earnings versus tech's 28.5x — is now historically wide enough to drive systematic reallocation. The equal-weight S&P has outperformed its cap-weighted counterpart for much of 2026, a divergence that signals the gains are no longer concentrated in a handful of mega-cap names but are distributing into Energy, Healthcare, and Financials. That broadening is structurally constructive: markets that reach record highs on expanding breadth rather than narrowing leadership are historically more durable than those driven by a shrinking set of outperformers.

Index Levels and Sector Rotation Readings

S&P 500 Record Close (Aug 13)

7,804

+13% YTD; 25 record closes in 2026; up 20.64% vs. same period last year

Nasdaq Weekly Gain (Aug 7 wk)

+5.2%

Driven by chip-stock bounce; S&P gained 3.6% in same week

Healthcare Fwd P/E vs. Tech

18x vs. 28.5x

Historically wide valuation gap driving systematic rotation into healthcare from tech

CVS Health Q2 MLR

87.4%

vs. 89.9% year-prior; managed care margin improvement a key rotation catalyst

S&P Breadth Broadening — What It Signals and What Remains Fragile

What broadening breadth confirms	What the rotation does not resolve

Equal-weight outperformance means gains are no longer concentrated in five or six mega-cap names	Energy's rally is a Hormuz-premium trade, not an earnings re-rating — it reverses on any credible Hormuz deal
Healthcare Q2 beats — including LLY's GLP-1 expansion — are earnings-driven, not liquidity-driven	Tech sector multiple compression is not complete — 28.5x forward earnings remains elevated relative to the current rate environment
Record closes driven by disinflation data signal market responds well to any inflation softening	Sector dispersion Z-score near –0.82 means the spread is narrowing — rotation momentum could stall; partially priced
Record highs on expanding participation historically more durable than narrowly-led advances	A September FOMC hike — not priced at 7,804 — would reprice every sector simultaneously, including the defensives now leading rotation
The rally is architecturally sounder than it was six months ago. The macro ceiling — the rate path — has not moved.

The S&P 500's architecture at 7,804 is materially different from its prior record peaks: the leadership set now includes Energy, Healthcare, and Financials alongside technology, and the equal-weight premium indicates the average constituent is contributing rather than being dragged by index-level concentration. The Dow's 840-point drop on Warsh's July press conference day and its subsequent recovery to 53,828 illustrate the conditional nature of this resilience — equities are not ignoring monetary policy so much as pricing a hold path, and any shift in that assumption arrives fast. The earnings calendar in the weeks ahead, led by Nvidia on August 26, will either reaffirm the AI infrastructure premium embedded in tech's valuation or begin a further rotation toward the sectors where the multiple discount offers a structural buffer.

Sources: CNBC · Trading Economics · ETF Trends · Algo Lab

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