The Nasdaq rebounded on Friday, "temporarily halting" large-scale liquidations, Bank of America: "Bottom-fishing" can wait for the next wave of CTA liquidations
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Bank of America pointed out that last week, the risk of CTA stock positions was a core theme in the U.S. stock market. The Nasdaq 100 index experienced significant volatility, and although Friday's rebound temporarily alleviated the CTA liquidation pressure, a weakening of buying on dips could lead to larger-scale systemic liquidations, exacerbating the decline in the Nasdaq
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