Markets have sold off as Trump announced his sweeping tariffs to America's trading partners. There's certainly a lot of fast moving action hitting the tape and we're at a crossroads; does the market continue its selling or reverse on what was a monumental announcement?
While we certainly entertain these moves, the beauty of these rankings is that it adopts a longer-term horizon and smooths out the noise we're seeing this week.
More U.S. growth thematic ETFs are falling on the leaderboard, as technology breaks to new relative lows.
But despite this, a theme that's remained persistently strong is the video gaming and esports space. VanEck's $ESPO ETF, while pulling back, has exhibited fantastic relative strength in a market that's punished growth.
So long as ESPO is above its prior cycle highs near 80, this is an investment theme that remains a leader.
