[Retail Investors in U.S. Stock Market Outperform Institutional Investors for Two Consecutive Months, Achieving Record Excess Returns of 16 Percentage Points in May] Odaily Planet Daily News: The Kobeissi Letter posted on the X platform stating that in May, the stock portfolio most favored by retail investors outperformed the stock portfolio most favored by mutual funds by 16 percentage points, marking the largest single-month gap since data became available in 2018. The retail-preferred stock portfolio includes large-cap tech stocks, such as the 'Magnificent 7,' and semiconductor stocks. Previously, in April, retail investors achieved excess returns of 14 percentage points, creating a combined record-breaking gap over two months, surpassing the previous record of 13 percentage points set during the early meme stock craze at the end of 2020. During the same period, the total funds retail investors allocated to semiconductor options contracts reached 4.9 times the historical monthly average, setting a new record and exceeding the previous high set in March 2024 by approximately 25%.