作者：今纶 段永平最近买入贵州茅台股票，花了1亿元，要不要跟？我不跟。茅台股价已经1500元了，要不要跟？我不跟。要不要做空茅台？我不玩期货，不进A 股，所以，也不做空茅台。 段永平表示，不打算拿十年的"投资"最好就不要碰，不要想着市场或者风口啥的。我作为一个趋势投资者+价值投资者很欣赏段永平的"十年心态"，我做 投资很少折腾，看好的就直接加仓，或者定投，无论涨跌，基本上已经没有什么韭性。 净利润增速暴跌，人口减少，富人更重视健康且消费降级，你觉得茅台未来会如何？ 不过，此时此刻，我并不认同段永平加仓茅台的行为。有人说，茅台分红高，买了等分红就好了，这是错的。如果你买在2300元，现在只有1500元，你等 分红要等多少年？这个里面还有继续下跌的风险。你怎么知道1500元买了不会跌到900元？ ▲茅台2月6日上午收盘股价 我看到有基金经理说："白酒的需求侧正在经历一轮重构，民间需求的成长又要跟随经济周期的节奏。"他没说经济周期有多长，万一很长呢？他说："基 于对中国资产的乐观判断，白酒或是性价比很高的一个板块"，真的不知道他哪来的乐观和自信。 我说一下我的观点，我看空白酒行业和茅台，原因很简单，数据在说话。 国 ...

开年以来，全球市场经历了一轮显著的风格切换。 被市场长期调侃的"老登资产"，出现阶段性翻身。 在美股，变化几乎是"肉眼可见"。以英伟达、微软为代表的纳斯达克科技巨头高位震荡，传统蓝筹主导的道琼斯指数却逆势创出历史新高。 被市场戏称为"老登股"的一批传统价值资产，最近重新走到舞台中央。 这种风格变化，同步传导到港、A股。 A股消费板块率先走出低谷，白酒指数6天5涨，消费龙头企业贵州茅台股价迎来大爆发！6个交易日涨超14%。 港股部分消费股回暖。港股茶饮板块今日走强，古茗一度涨超5%，股价创历史新高；茶百道涨超5%，带动港股通消费ETF易方达(513070)走高，近5个交 易日累计涨幅5.77%。 消息面上，今日一早，阿里千问APP"春节30亿大免单"活动正式上线，打出"奶茶攻势"，邀请全国用户体验AI购物。活动启动后迅速引爆参与热情，上线 不到3小时，通过千问APP下单量已突破100万单。多家奶茶门店因订单激增，甚至选择临时闭店应对。 此外，"史上最长春节假期"临近。业内普遍认为，9天超长假期有望带动黄金零售、酒旅、餐饮等服务消费回暖。 近期市场出现高低切换的现象，部分资金从前期涨幅巨大的科技"小登"中流出，流 ...

Core Viewpoint - The global market has experienced a significant style switch since the beginning of the year, with traditional value assets, referred to as "old Deng stocks," making a comeback while tech giants like Nvidia and Microsoft face high volatility [1]. Group 1: Market Trends - The Dow Jones index, dominated by traditional blue-chip stocks, has reached a historical high, contrasting with the Nasdaq's tech giants [1]. - In the A-share market, the consumer sector has shown signs of recovery, with the liquor index rising significantly, and Kweichow Moutai's stock price increasing over 14% in just six trading days [1]. Group 2: ETF Performance - The E Fund Hong Kong Stock Connect Consumer ETF has seen a net inflow of 504 million yuan in the last 10 days, bringing its total size to 1.434 billion yuan, making it the largest among similar products [3]. - The ETF supports T+0 trading with a comprehensive fee rate of 0.2%, the lowest among all Hong Kong consumer ETFs [3]. Group 3: Consumer Sector Insights - The upcoming "longest Spring Festival holiday" is expected to boost retail consumption in sectors like gold, travel, and dining [2]. - New consumption trends are performing well, with expectations for continued policy support for service consumption through 2026, while optional consumption sectors may show mixed performance [3].

茅台证券投资部门对新浪财经《酒业内参》表示："感谢您来电反馈，公司已经关注到消费者反映的问 题。节日临近，i茅台APP访问量大幅增加，我们正进一步优化系统功能，同步增加客服坐席，以便更 好地响应大家的需求，感谢您的理解和支持。 2月6日，继昨日i茅台小程序"卡崩"后，早上仍有网友发现程序卡顿，无法抢购。 炒股就看金麒麟分析师研报，权威，专业，及时，全面，助您挖掘潜力主题机会！ 新浪声明：新浪网登载此文出于传递更多信息之目的，并不意味着赞同其观点或证实其描述。文章内容 仅供参考，不构成投资建议。投资者据此操作，风险自担。 ...

Group 1 - The main stocks with significant capital outflows include Xinyi Technology (-28.83 billion), Zhongji Xuchuang (-15.50 billion), and Aerospace Development (-13.04 billion) [1] - The sectors affected by the capital outflows primarily include communication equipment, internet services, and optical electronics [2][3] - The largest percentage decline in stock prices was observed in Zhejiang Wenlian, which fell by 9.79% [2] Group 2 - Other notable stocks with substantial capital outflows include Guizhou Moutai (-5.44 billion), Sunshine Power (-5.46 billion), and Sanan Optoelectronics (-4.11 billion) [1][3] - The overall trend indicates a negative sentiment in the market, particularly in the communication equipment and internet service sectors [2][3] - The data reflects a broader market trend of capital withdrawal, impacting various industries including agriculture, aerospace, and cultural media [1][2]

Main Points - The main focus of the news is on the significant outflow of capital from various stocks, highlighting the top 20 stocks with the largest capital outflows as of February 6, with New Yisheng leading at -21.42 billion yuan [1][2][3] Group 1: Stock Performance - New Yisheng experienced a capital outflow of -21.42 billion yuan, indicating a strong sell-off in the communication equipment sector [1][2] - Zhongji Xuchuang saw a capital outflow of -12.41 billion yuan, also within the communication equipment industry [1][2] - Aerospace Development had a capital outflow of -10.21 billion yuan, reflecting investor sentiment in the communication equipment sector [1][2] - Pingtan Development reported a capital outflow of -9.04 billion yuan, indicating challenges in the agriculture and animal husbandry sector [1][2] - Kweichow Moutai faced a capital outflow of -5.60 billion yuan, suggesting potential concerns in the liquor industry [1][2] Group 2: Sector Analysis - The communication equipment sector is notably affected, with three companies (New Yisheng, Zhongji Xuchuang, and Aerospace Development) among the top outflows [1][2] - The liquor industry, represented by Kweichow Moutai, shows a significant outflow, which may indicate market volatility or changing consumer preferences [1][2] - The internet services sector is also impacted, with companies like Kunlun Wanwei and Dongfang Caifu experiencing outflows of -5.27 billion yuan and -4.58 billion yuan respectively [1][2][3] Group 3: Additional Stocks - Other notable stocks with significant outflows include Sunshine Power (-4.00 billion yuan) in the photovoltaic equipment sector and Sanan Optoelectronics (-3.71 billion yuan) in the optical and optoelectronic sector [1][3] - The precious metals sector, represented by Shandong Gold, saw an outflow of -3.65 billion yuan, indicating potential investor caution [1][3] - The cultural media sector, with companies like Zhejiang Wenlian and Blue Focus, also faced outflows of -5.45 billion yuan and -3.12 billion yuan respectively, reflecting market dynamics in this industry [1][3]

贵州茅台成交额达100亿元，现跌2.38%。 ...

Group 1 - The A-share market opened lower on February 6, 2026, with the major consumption index down by 1.06% as of 10:08 AM, indicating mixed performance among constituent stocks [1] - The food and beverage industry is showing a recovery trend, particularly in the liquor sector, driven by macro policy optimization, low valuation levels, and improvements in leading companies' fundamentals [1] - Optimized real estate policies and intensive domestic demand support measures have boosted market expectations for a recovery in consumer scenarios [1] Group 2 - The top ten weighted stocks in the major consumption index as of January 30, 2026, include Kweichow Moutai, Wuliangye, Yili, Muyuan Foods, Luzhou Laojiao, Shanxi Fenjiu, Wens Foodstuff, Haitian Flavoring, Dongpeng Beverage, and Haida Group, collectively accounting for 67.37% of the index [1] - The consumption ETF managed by Harvest (512600) tracks the major consumption index, which encompasses leading consumer stocks across various sectors, with liquor being the largest sector, accounting for over 38% of the index [2] - Investors can also access the consumption recovery trend through the consumption ETF linked fund (009180) [3]

2月6日，继昨日i茅台小程序"卡崩"后，早上仍有网友发现程序卡顿，无法抢购。 责任编辑：宋雅芳 此前，茅台证券投资部门对新浪财经《酒业内参》表示："感谢您来电/留言反馈，公司已经关注到消费 者反映的问题。节日临近，i茅台APP访问量大幅增加，我们正进一步优化系统功能，同步增加客服坐 席，以便更好地响应大家的需求，感谢您的理解和支持。"新浪声明：新浪网登载此文出于传递更多信 息之目的，并不意味着赞同其观点或证实其描述。文章内容仅供参考，不构成投资建议。投资者据此操 作，风险自担。 ...

在2月5日出现抢购页面无法访问后，2月6日9:00开始，部分网友反馈茅台抢购页面再次崩溃。 （文章来源：第一财经） ...