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① The S&P 500 Index fell significantly by more than 1.5% on Thursday. After experiencing a hot start to the year, this benchmark stock index in the USA has actually declined by 0.3% so far in 2025. ② According to Morgan Stanley, a potential danger signal behind the sharp drop of the S&P 500 Index on Thursday is that it has fallen below a critical threshold that triggers a mid-term liquidation by CTAs (Commodity Trading Advisors): 5887 points.
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