Quant funds rocked as Treasury boosts buybacks and Moderna shares leap
AI Summary
A volatile session shook up quantitative trading funds as the U.S. Treasury increased its buybacks, causing further disruptions to momentum trades already unsettled by the recent AI-related stock sell-off. Moderna's shares saw a significant leap, adding to the market's unpredictability. This shift underscores the growing challenges for quant funds that rely on consistent market patterns, highlighting the impact of unexpected government actions and biotech sector movements.
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