Soft Inflation Data Boosts Small Caps, Real Estate, Regional Banks; Traders Anticipate Fed Rate Cuts As Stocks React
Soft Inflation Data Boosts Small Caps, Real Estate, Regional Banks; Traders Anticipate Fed Rate Cuts As Stocks React
A cooler-than-expected U.S. inflation report fueled a rally on Wall Street, ahead of the highly anticipated Federal Open Market Committee (FOMC) meeting at 2:00 p.m. Wednesday.
在週三下午2點高度關注的聯邦公開市場委員會（FOMC）會議之前，美國一份低於預期的通脹報告刺激了華爾街的漲勢。
What happened: Inflation slowed to 3.3% annually in May, below both the expected and previous rate of 3.4%. On a monthly basis, the Consumer Price Index (CPI) remained flat, below the anticipated 0.1% increase and a significant drop from April's 0.3% rise.
發生了什麼：5月份通貨膨脹率爲3.3%，低於預期和先前的3.4%水平。從月度來看，消費者價格指數（CPI）保持不變，低於預期的0.1%增長，並顯著低於4月的0.3%上漲。
Additionally, the core measure of inflation, which excludes energy and food, weakened more than predicted. Annually, core inflation slowed from 3.6% to 3.4%, falling short of the 3.5% expectation.
此外，排除能源和食品的核心通脹率的增長低於預期。年度核心通脹從3.6%下降至3.4%，未達到3.5%的預期。
Why it matters: Lower-than-expected inflation data is bolstering hopes for a steady return to the Federal Reserve's 2% target and raising expectations for interest rate cuts later this year.
爲什麼要關注：低於預期的通脹數據增加了人們對恢復到聯邦儲備委員會2%的目標並增加對今年晚些時候降息的預期的希望。
Markets are now assigning a probability of over 70% for a September rate cut, up from 54% before the inflation report. Notably, Fed futures now indicate 55 basis points of rate cuts priced in by the end of the year, implying two rate cuts.
市場現在給9月降息的概率分配了超過70%，比通脹報告之前54%的概率高。值得注意的是，聯邦期貨現在表明到今年年底已定價降息55個點子，意味着兩次降息。
Prospects of a declining cost of borrowing are aiding interest-rate sensitive sectors and stocks, which had lagged in recent weeks due to fears of prolonged higher rates.
借貸成本下降的前景正在提振基於利率敏感性的板塊和股票，這些板塊和股票由於擔心利率持續上漲而落後於最近幾周。
Market reactions: Small caps, as tracked by the iShares Russell 2000 ETF (NYSE:IWM), were the brightest spot in the market, opening 2.9% higher and on track for the best-performing day year to date.
小盤股，由iShares羅素2000指數ETF（紐約證券交易所：IWM）跟蹤，是市場上最亮眼的板塊，開盤漲2.9%，有望成爲年度表現最佳的一天。
Chart: Small Caps Eye Best Day Since Mid-December 2023
圖表：小盤股着眼於自２０２３年１２月以來的最佳一天
In comparison, large-cap indices such as the S&P 500, the Nasdaq 100, and the Dow Jones Industrial Average were all about 0.9% higher.
相比之下，大盤指數，如標普500指數、納斯達克100指數和道瓊斯工業平均指數均上漲約0.9%。
Sector-wise, real estate and materials were the best performers, with the Vanguard Real Estate ETF (NYSE:VNQ) and the Materials Select Sector SPDR Fund (NYSE:XLB) up 2.2% and 1.6%, respectively.
在板塊方面，房地產和材料板塊表現最好，其中萬得不動產信託指數ETF（紐約證交所：VNQ）和材料選擇部門SPDR基金（紐約證交所：XLB）分別上漲2.2%和1.6%。
Industry-wise, homebuilders, regional banks, solar, and biotech stocks were the top performers, showing notable increases.
在行業板塊上，建築商、區域銀行、太陽能和生物科技股表現最好，明顯上漲。
- SPDR S&P Homebuilders ETF (NYSE:XHB) up 4%
- Invesco Solar ETF (NYSE:TAN) 3.9%
- SPDR S&P Regional Banking ETF (NYSE:KRE) up 3.3%
- SPDR S&P Biotech ETF (NYSE:XBI) up 2.3%
- 標普房屋建設ETF（紐約證交所：XHB）上漲4%。
- 英威騰太陽能ETF（紐約證交所：TAN）上漲3.9%。
- 標普區域銀行ETF（紐約證交所：KRE）上漲3.3%。
- 標普生物科技ETF（紐約證交所：XBI）上漲2.3%。
According to Benzinga pro data the top-performing stocks (with at least $1 billion of market cap) in the hour following the U.S. inflation report were:
根據Benzinga pro的數據，美國通脹數據公佈後的一個小時，市值至少10億美元的股票中表現最好的股票是：
- Sunrun Inc. (NASDAQ:RUN): 7.87%
- Array Technologies Inc. (NASDAQ:ARRY): 7.65%
- Opendoor Technologies Inc. (NASDAQ:OPEN): 7.44%
- Element Solutions Inc. (NYSE:ESI): 6.78%
- TeraWulf Inc. (NASDAQ:WULF): 6.68%
- Iamgold Corporation (NYSE:IAG): 6.55%
- Globus Medical Inc. (NYSE:GMED): 6.04%
- Dyne Therapeutics Inc. (NASDAQ:DYN): 5.99%
- Enphase Energy Inc. (NASDAQ:ENPH): 5.93%
- Upstart Holdings Inc. (NASDAQ:UPST): 5.75%
- 運行公司股票（納斯達克證券交易所：RUN）：上漲7.87%。
- Array Technologies股票（納斯達克證券交易所：ARRY）：上漲7.65%。
- Opendoor Technologies股票（納斯達克證券交易所：OPEN）：上漲7.44%。
- Element Solutions股票（紐約證交所：ESI）：上漲6.78%。
- TeraWulf公司（納斯達克股票代碼：WULF）：6.68％
- iamgold公司（紐交所股票代碼：IAG）：6.55％
- Globus Medical公司（紐交所股票代碼：GMED）：6.04％
- Dyne Therapeutics公司（納斯達克股票代碼：DYN）：5.99％
- Enphase Energy公司（納斯達克股票代碼：ENPH）：5.93％
- Upstart Holdings公司（納斯達克股票代碼：UPST）：5.75％
Looking ahead, traders are now eagerly anticipating the Federal Open Market Committee (FOMC) meeting. The statement and new macroeconomic projections will be released at 2:00 p.m. ET, followed by Fed Chair Powell's press conference at 2:30 p.m. ET.
展望未來，交易員們現在正在急切地期待聯邦公開市場委員會（FOMC）會議。 陳述和新的宏觀經濟預測將於美國東部時間下午2:00發佈，接着是聯邦儲備委員會主席鮑威爾的新聞發佈會，將於美國東部時間下午2:30舉行。
Read now: Fed Meeting Preview: Economists Predict Steady Rates In June, Fewer Cuts Ahead
立即閱讀：聯邦會議預覽: 經濟學家預計六月利率穩定，之後降息率減少。
Photo: Shutterstock
Photo: shutterstock
譯文內容由第三人軟體翻譯。