Despite a tumultuous several months for the market overall, the industrials sector has fared quite well. The Industrial Select Sector SPDR Fund (NYSEARCA: XLI), an exchange-traded fund (ETF) that benchmarks the sector and holds around 80 of the most prominent names in the industrials sphere, has climbed by nearly 17% year-to-date (YTD), solidly surpassing the S&P 500.
Industrials' names have been buoyed by a number of factors, including the federal government's push toward reshoring of manufacturing across multiple industries, increased infrastructure spending, defense tailwinds, and more.
