Group 1 - The core viewpoint emphasizes the need to reassess the declining attractiveness of U.S. assets and its implications for financial stability both domestically and internationally [1][2] - Recent market trends indicate a noticeable decrease in the safe-haven demand for U.S. assets during periods of stress, raising concerns among investors regarding the handling of U.S. assets [1] - The Federal Reserve's meeting minutes highlighted that the persistent shift in the correlation of U.S. assets and the decline in their safe-haven status could have long-term economic impacts [1] Group 2 - The sharp turn in trade policy is reshaping global supply chains and amplifying corporate financial vulnerabilities, making it increasingly critical to understand the intersection of corporate financial health and international trade exposure [2] - The imposition of tariffs has introduced significant uncertainty, which may suppress economic activity and potentially increase inflation [2]