贵州茅台考验1400元支撑线！大消费年末或赢得资金回流

Group 1 - Kweichow Moutai's stock price is experiencing fluctuations and is testing the support level of 1400 yuan, with the food and beverage ETF also declining but seeing net subscriptions for four consecutive days, including 76 million yuan on December 8 [1] - The food and beverage sector is viewed as having potential for reversal due to low expectations, low valuations, low positions, and high dividends, attracting funds for bottom-fishing strategies as it has adjusted for nearly four years [1] - Historically, Kweichow Moutai's stock price has rebounded after adjustments near the 1400 yuan mark, indicating a pattern of recovery following previous declines [1] Group 2 - The white liquor cycle is expected to accelerate its bottoming process in 2026, with the industry showing signs of stabilization due to underlying demand, particularly from traditional sector leaders in beer, dairy, and restaurant supply chains [2] - Leading companies in traditional sectors are enhancing their competitive strength across the entire industry chain, positioning themselves to capture market share as consumer demand is anticipated to improve next year [2]