Billionaire hedge fund manager Dan Loeb thinks rate-sensitive financials, a.k.a. bank stocks, are the way to go. His Third Point LLC made new investments in JPMorgan Chase (JPM) , Bank of America (BAC) , PrivateBancorp (PVTB) and Goldman Sachs (GS) in late 2016. It sold a stake in Citigroup. In a recent letter to investors, Loeb said he hadn't expected Trump to win the White House but has shifted his investments accordingly. Apparently he thinks under Trump the banks might win big.