大消費逆勢上漲成救星，對於後市，機構怎麼看？
今日，兩市1290股上漲，3316股下跌。滬指全天收跌1.35%報3151點，深成指跌2.07%報11392點，創業板指跌3.66%失守2400點，再創調整新低。
行業板塊上，多數下跌。房地產與週期板塊陷入調整，煤炭、地產、鋼鐵、電力設備跌超4%，創業板多隻權重股大跌，陽光電源跌停，寧德時代跌超7%。消費股扛起領漲大旗，食品板塊大漲，白酒、家電、旅遊酒店變現也不俗。其中益客食品收漲20%，海欣食品、安記食品、三全食品等多股漲停。
多數板塊下跌的行情下，消費股逆勢上漲，可以看出資金近期對於消費的青睞。
其原因之一在於國家促進消費的政策的指導。
4月13日，國務院總理組織召開國務院常務會議，為助力穩定經濟基本盤和保障改善民生，部署了多條促進消費的政策舉措。會議指出，消費對經濟具有持久拉動力，事關保障和改善民生。要貫徹黨中央、國務院部署，協同發力、遠近兼顧，努力穩定當前消費，綜合施策釋放消費潛力。
有了國常會的定調及部署，加強了市場對消費增長的信心。
此外，上海新冠疫情開始出現了回落，讓我們看到了疫情得到控制，恢復生產、生活的曙光。日後若疫情持續得到控制，加上防控政策的拐點，無疑會進一步促進消費增長。
招商證券認為，疫情對產業鏈衝擊的最壞階段或已經過去：當前隨着部分地區疫情的見頂趨勢已現，而近期相關企業的復工復產安排已經出爐，對產業鏈的影響最壞的時候或已經過去。前期受到部分地區疫情影響的相關產業鏈股價明顯下跌，隨着部分地區疫情的見頂趨勢，復工復產的安排的出爐，相關領域股價可能迎來修復。此外，隨着消費政策的刺激出台，後續消費復甦的可能性較大。
對於消費板塊，各機構是怎麼看的呢？
華安證券認為，隨着國常會多次強調穩增長，穩增長鏈條確定性仍最強。同時，在各類促消費政策有望陸續出台預期下，消費復甦確定性有所提升，關注食品飲料、把握必選消費品漲價（種植業、化肥、乳製品、調味品）相關機會。
浙商證券認為，白酒板塊風將至。中長期看：白酒行業仍處成長期中的弱週期波動階段，其中高端及次高端酒擴容增速或超預期。
東莞證券認為：次高端白酒行業勢能向上，成長可期。今年以來，受部分地區疫情反覆、外圍市場等因素擾動，市場避險情緒增加，白酒板塊波動相對較大。從目前次高端白酒企業公佈的業績數據來看，基於2020年低基數，預計2021年次高端白酒業績實現較快增長。
東亞前海證券認為，情緒面向好，消費復甦在途。白酒方面：短期疫情不改長期基本面向好大勢；啤酒方面：疫情影響下，上海等地採取嚴格封控措施，啤酒現飲渠道受損嚴重，同時非現飲渠道也受到多地居家隔離等政策影響，線下客流量有所減少，動銷出現下滑。啤酒廠商4月中下旬開始備貨5-8月旺季，當前啤酒板塊整體估值回落下中長線佈局機會凸顯，期待疫情拐點來臨需求反彈。調味品方面：二季度調味品行業業績表現有望邊際改善，待本輪疫情好轉，調味品下游需求恢復和漲價傳導的確定性較強。
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