Core Viewpoint - The market style switch in early October has led to a recovery in the food and beverage index, with snacks, beer, and health products showing significant gains. The trend of style switching is expected to continue [1] Group 1: Market Performance - In early October, the food and beverage index experienced a recovery due to a market style switch, with snacks, beer, and health products leading in gains [1] - The focus for the market in late October will be on the third-quarter earnings reports, particularly for companies representing the new consumption direction, which are expected to show strong performance [1] Group 2: Future Outlook - For the fourth quarter, two key themes are suggested for attention: 1) The year-end valuation switch, focusing on new consumption companies with solid fundamentals [1] 2) The expectation of PPI improvement gradually transmitting to CPI improvement, highlighting low-valuation and supply-clearing cyclical stocks [1]