Group 1 - The core viewpoint of the articles highlights a shift in retail investor behavior in Asia, with a notable decline in buying enthusiasm for U.S. stocks, contrasting with hedge funds that are aggressively buying into the market [1][6][7] - In May, South Korean retail investors became net sellers of U.S. stocks for the first time since Trump's election, selling over $1 billion worth of shares [1] - Japanese retail investors also turned net sellers of U.S. ETFs in May, with a significant reduction of approximately $1.66 million, marking the largest sell-off since April 2023 [1] Group 2 - The previous surge in retail investor confidence was driven by a market crash in April, which led to substantial buying of stocks and ETFs, resulting in a rebound of over 20% in the S&P 500 index [2] - The S&P 500 index has shown a lack of momentum recently, with less than 1% increase over the past three weeks, indicating a period of calm after months of volatility [6] - Hedge funds are currently in a panic-buying mode, with net purchases of U.S. stocks for five consecutive weeks, showing a buying ratio of approximately 3 to 1 over short positions [7] Group 3 - The unpredictability of Trump's policy announcements remains a critical variable influencing market behavior, with investors cautious about future investments [8] - Retail investors in Singapore have slowed their investment pace after achieving quick returns, indicating a more cautious approach moving forward [8]