Moderna and Software Stocks Lead August S&P 500
Quartz links the gains to melanoma vaccine data and a hedge fund's forced unwind.
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Quartz@qzEnterprise software led August's rebound as AI fears faded, Cramer says: Moderna stock led the index after melanoma vaccine data, while a hedge fund's forced unwind turbocharged a rebound in enterprise software https://dlvr.it/TVGgsm
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QU Quartz@qzA hedge fund's collapse quietly drove August's stock market story: When a $45 billion leveraged fund imploded in late July, its forced unwind turned massive software short positions into a surprise rally for Palantir, Salesforce,… https://dlvr.it/TVGhXH #StockMarket #HedgeFund
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