Steel’s Mettle as a Trump Trade is Tested

Few exchange traded funds were as positively correlated to the idea of a Donald Trump presidency as was the VanEck Vectors Steel ETF (NYSEArca: SLX), which was one of 2016’s best-performing non-leveraged ETFs. However, SLX, the only ETF dedicated to steel stocks, stumbled Wednesday as U.S. Steel (NYSE: X), one of the ETF’s marquee holdings,…Click to read more at