In fact, it cannot be simply understood as' retail investors taking on a large number of orders'. I also looked at the chart that Kitty turned, and if you look closely, Retail's net buying scale is not large, even lower than the average of the past four weeks. Last week's buying was more like retail investors engaging in structural games in TACO related sectors, rather than going long across the board. On the other hand, institutions and hedge funds are significantly reducing their holdings, likely driven by conflicting expectations between the tariff impact of the "Big Beautiful Act" and the Federal Reserve's monetary policy. As for corporate buybacks, the intensity of the past week has been lower than the 4-week average, and it is likely to be the beginning of the closed period before the earnings season, which is currently at the end of the buyback window. This also explains why buying support is weakening. Overall, it cannot be ruled out that some of the institutional sales in this round were repurchased by companies and taken over. However, from the perspective of total capital flow, the overall inflow is very limited, indicating that this is not a trend based position building round at all, but more like a short-term game at the critical point of long and short positions.