Trending: Italy's Election Results May Lead to Political Gridlock

Italy voted in its next leadership this past week and the results are not encouraging, with the Eurosceptic party Five Star Movement (M5S) emerging as the winner. Across the Atlantic, U.S. President Donald Trump is risking a trade war after signaling his intent to slap tariffs on imports of steel and aluminum. As such, Italy and steel ETFs took the first two spots in the list and were followed by wheat ETFs, FAANG stocks and leveraged volatility ETFs. Check out our previous trends edition at Trending: Return of Volatility Signals More Turbulence Ahead .