Economics
Death Knell for Momentum Stocks Will Have to Wait: Taking Stock
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What could have been the death knell for all things momentum turned out to be anything but.
A whiff of disappointment in the earnings release from Salesforce, the nearly $100 billion goliath of the cloud software industry that has been on relatively shaky ground (down ~20% in the two months leading up to the report), could have sent a large swath of hedge fund hotels plunging to depths unseen in many months.