Reported 13 days ago
Following Donald Trump's victory in the U.S. presidential election, hedge funds rapidly increased their investments in bank stocks while simultaneously betting against renewable energy producers. Goldman Sachs reported that financial stocks, especially banks, experienced significant buying interest, with expectations of favorable regulatory changes and tax reforms under the new administration. In contrast, utilities and independent renewable energy firms faced notable sell-offs, marking a substantial shift in hedge fund strategies.
Source: YAHOO