The collapse of the Liquor Fund occurred from February to March this year. One time point that needs attention is the Spring Festival, and liquor stocks reached a record high years ago. At that time, basically all funds were in a very crazy state. Many funds have achieved three consecutive rises or four consecutive rises, and their returns are also high. This is the effect brought by a large number of retail investors and funds, which makes the stock price constantly rushed up, and the stock of Kweichow Moutai once reached a high of 2600.

Moreover, after the end of the year, there was a big retracement, which was also a situation in which the liquor fund plummeted. During that time, basically, the liquor sector will drop by about 5-6 points every day, and it will last for a long time. March 9 was a turning point. At this time, the plunge of liquor has ended, obviously stabilized and there is a rebound demand. However, many people buy liquor stocks years later, and they can only hold them until they rebound. There are also some people who sell halfway, thus losing a lot of money and think that the liquor sector is not worth investing.

Therefore, after the year, the liquor fund plummeted. It's probably between February and early March. In May and June, liquor funds also fell sharply, but it was still rare. Basically, it fell for one day and then rose again in the next few days. It's just that now is not a good time to buy liquor. Because liquor is in the off-season stage during this period, the performance will naturally not be very good, and its share price will not be well improved. The liquor sector generally began to exert its strength in the second half of the year, the same as last year, so the second half of the year focused more on liquor funds. At this stage, we can pay more attention to science and technology and new energy sectors and track market hotspots.