Industrial stocks lag the market: sign that tariff and trade war fears aren’t behind us

Industrial stocks lag the market: sign that tariff and trade war fears aren’t behind us

Today, Monday March 12, the Industrial Select Sector SPDR ETF (XLI) fell 1.24%, declining more than either the Standard & Poor’s 500 (down 0.13%) or the Dow Jones Industrial Average (down 0.62%.) I think this is an indication that fears that the Trump administration will still manage to set off a round of trade retaliation to its higher tariffs on steel and aluminum are still with us. Â