Group 1 - The three major indices experienced a rebound despite the interest rate cut not materializing, with over 3,800 stocks rising by midday [1] - The leading sectors were materials and growth themes, while the consumer sector showed relatively weaker performance [1] - Anticipation of the upcoming May Day holiday and recent domestic demand policy expectations have led to increased investment interest in the consumer sector, with a net inflow of 43.65 million in the consumption ETF (510150) over the past five days [1] Group 2 - Since April, the booking popularity of high-star hotels has significantly outpaced that of three-star and below hotels, with four-star hotel bookings increasing by over 34% year-on-year [3] - The consumer spending is expected to grow on a month-on-month basis due to the holiday effect, benefiting the food and beverage sector, which can be accessed through the food and beverage ETF (159843) [3] - The pharmaceutical sector has seen a recent pullback, improving its value proposition, with expected net profit growth rates of 27.67% and 22.10% for 2025 and 2026, respectively [3] - The consumption 80 index, which includes a 33.5% allocation to pharmaceuticals and a 31.4% allocation to food and beverages, has a PE-TTM of only 22.45, indicating a favorable valuation compared to historical levels [3]