Industrial ETFs Look to Cement Trump Trade Status
May 08, 2017 at 10:34 AM EDT
The Industrial Select Sector SPDR (NYSEArca: XLI) is up 8% year-to-date, reaffirming its status as a “Trump trade” and that cyclical sectors remain in style. Although the aerospace and defense industry is perceived as being beholden to Uncle Sam’s whims, the allure of late-cycle sectors, including...