The US stock earnings season is coming! Hedge funds are urgently adjusting their positions: cutting bank stocks and rushing to buy consumer staples stocks
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Hedge funds have sold off bank stocks for the second consecutive week ahead of the earnings season for U.S. stocks, while buying consumer staples at the fastest pace in nearly two years. A Goldman Sachs report shows that investors have sold long positions in banks and financial services companies, while increasing short positions. At the same time, consumer staples stocks are favored for their stability during economic downturns. Analysts warn that if tariffs are raised again, it could trigger concerns about an economic recession
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