Updated

Updated · Bloomberg · Jul 25

Trump Trade Index Slumps 16% Since May as Several ETFs Turn Negative for 2026

Updated

Updated · Bloomberg · Jul 25

Trump Trade Index Slumps 16% Since May as Several ETFs Turn Negative for 2026

2 articles · Updated · Bloomberg · Jul 25

Ned Davis Research’s Trump Trade Index has fallen about 16% since May, reversing an early-year rally tied to Donald Trump’s second-term policy agenda.
The 12-ETF gauge tracks sectors expected to benefit from White House priorities including homebuilding, defense spending and the reshoring of manufacturing.
Several of those ETFs are now down for the year, showing the trade has shifted from beating the S&P 500 at the start of 2026 to lagging badly.

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Right50%

Bloomberg20h ago

Trump Trade Index Slumps 16% Since May; ETFs Lower for Year

Financial Post20h ago

The 'Trump Trade' Is Turning Into a Loser in the Stock Market | Financial Post

Despite a massive drop in policy-driven ETFs, which overlooked defense and nuclear energy stocks are quietly surging?

Why are investors abandoning targeted economic policy ETFs in favor of the booming artificial intelligence sector?

Could the new July 2026 tariff packages actually be sabotaging the U.S. manufacturing boom they aim to protect?

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Sources

2 total

Left50%

Right50%

Bloomberg20h ago

Trump Trade Index Slumps 16% Since May; ETFs Lower for Year

Financial Post20h ago

The 'Trump Trade' Is Turning Into a Loser in the Stock Market | Financial Post

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