Trump Unveils $12 Billion Mineral Reserve to Counter China

Published on February 3, 2026

President Donald Trump formally announced plans to launch a $12 billion critical minerals stockpile, in his latest effort to aid manufacturers while minimizing reliance on Chinese rare earths.

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Regression to Trend: S&P Composite 201% Above Trend in January

February 3, 2026
The inflation-adjusted S&P Composite Index was 201% above its long-term trend at the end of January.

P/E10 and Market Valuation: January 2026

February 3, 2026
Here is the latest update of a popular market valuation method, Price-to-Earnings (P/E) ratio, using the most recent Standard & Poor's "as reported" earnings and earnings estimates, and the index monthly average of daily closes for the past month. The latest trailing twelve months (TTM) P/E ratio is 27.7 and the latest P/E10 ratio is 39.8.