补涨行情强势启动，谁在引爆大消费？

Core Viewpoint - The consumer sector, including retail, liquor, and agriculture, has shown strong performance recently, with the Consumption ETF (510150) experiencing a three-week upward trend and the Consumption 80 index rising over 10% since June 23 [1][3]. Group 1: Market Performance - As of August 21, the Consumption ETF (510150) has seen net inflows for three out of the last five trading days, accumulating over 51 million in investments [3]. - The Consumption 80 index's valuation stands at 25.79 times earnings, which is at the 34.51% percentile of its historical range, indicating significant room for valuation recovery [4][5]. Group 2: Policy Influence - Recent government policies aimed at boosting domestic demand have catalyzed the consumer sector's recovery, with a focus on enhancing consumption potential [4]. - The introduction of personal consumption loan subsidies starting September 1 is expected to further support the consumer sector [4]. Group 3: Sector Dynamics - The liquor sector, particularly notable for its strong performance, has positively influenced the overall consumer market sentiment, with specific stocks like Jinzhongzi Liquor and Shede Liquor seeing significant gains [5][7]. - The upcoming Mid-Autumn and National Day holidays are anticipated to drive further demand in the consumer sector, suggesting continued upward momentum [7].