Hedge funds buy more consumer stocks, including Bath & Body Works, Expedia
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A trader works on the floor of the New York Stock Exchange (NYSE) at the start of trading on Monday following Friday’s steep decline in global stocks over fears of the new omicron Covid variant discovered in South Africa on November 29, 2021 in New York City.
Spencer Platt | Getty Images
According to RBC analysis, hedge funds have been picking winners in the inflation sensitive consumer discretionary market, betting on companies being able to control supply chains and fight rising costs.
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