Steel continues its strong performance among the universe of ETFs that we track, up 6% on a 5 day rolling basis. Oil is making a nice recovery after appearing on our list of worst performers last week. Energy is also up almost 5%, most likely due to President Trump announcing his plan to achieve “energy dominance” in the coming years. On the losing side, Real Estate and Mining continue to struggle, while Biotech took a step backwards after good performance last week.

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