DJ Intraday Update: Dow Up Triple Digits--That's What We Call a Bounce! -- Barron's Blog
DJ Intraday Update: Dow Up Triple Digits--That's What We Call a Bounce! -- Barron's Blog
DJ Intraday Update: Dow Up Triple Digits--That's What We Call a Bounce! -- Barron's Blog
DJ盤中更新：道指上漲三位數--這就是我們所説的反彈！--巴倫的博客
By Crystal Kim
克里斯托·金著
Stocks are bouncing back in earnest Friday. The Dow Jones Industrial Average has notched a gain greater than 200 points as early week losses shrink in the rear-view mirror. Streaks, even losing ones, are meant to be broken. In today's Intraday Update, we...
週五，股市正在認真反彈。道瓊斯工業股票平均價格指數(Dow Jones Industrial Average)上漲超過200點，因為本週早些時候的後視鏡跌幅縮小。連勝，即使是輸了的連勝，都是應該被打破的。在今天的盤中更新中，我們..。
--...examine other broken streaks (Hint: financial stocks);
--...檢查其他破損的連勝(提示：金融類股)；
--...highlight three exchange-traded funds to consider for a flattening yield curve;
--...突出三隻交易所交易基金(ETF)可以考慮的收益率曲線趨平化；
--...explain why Walgreens Boots Alliance (WBA) is sliding.
--...解釋為什麼沃爾格林靴子聯盟(WBA)正在下滑。
The Flattening
扁平化
The Dow has climbed nearly 1% to 24,453.82. The S&P 500 has risen 0.7% to 2737.64, while the Nasdaq Composite has gained 0.6% to 7548.91.
道瓊斯指數攀升近1%，至24453.82點。標準普爾500指數上漲0.7%，至2737.64點，納斯達克綜合指數上漲0.6%，至7548.91點。
Better still, the Financial Select Sector SPDR (XLF) broke its 13-day losing streak as the Utilities Select Sector SPDR (XLU) broke its eight-day winning streak. The trends within these streaks are more significant, noted Frank Cappelleri, Instinet technical analyst, in his morning report. "One day of counter-trend action was bound to happen, so, now it's all about the follow-through," he wrote. "The most important asset class for the future prospects of both the XLF and XLU continues to be interest rates."
更好的是，金融精選板塊SPDR(XLF)打破了連續13天的跌勢，公用事業選擇板塊SPDR(XLU)打破了連續8天的漲勢。Instnet技術分析師弗蘭克·卡佩萊裏在他的早間報告中指出，這些趨勢中的趨勢更為顯著。他寫道：“逆勢行動總有一天會發生，所以，現在關鍵是要堅持到底。”“對於XLF和XLU的未來前景來説，最重要的資產類別仍然是利率。”
With the Federal Reserve's greater focus on what's going on at home, it looks to be on pace to raise rates by 25 basis points or 0.25% at every quarterly meeting this and next year. U.S. core inflation is at or above target, the unemployment rate is slipping below NAIRU estimates. "Recent communications from the Fed suggest external factors will bear little importance in conducting the FOMC monetary policy going forward," wrote Canaccord Genuity's Guillaume Arseneau in a report published Friday.
隨着美聯儲更加關注國內局勢，美聯儲似乎將在今明兩年的每一次季度會議上加息25個基點或0.25%。美國核心通脹率達到或高於目標，失業率低於NAIRU估計。Cancord Genuity的紀堯姆·阿爾索在週五發佈的一份報告中寫道：“美聯儲最近的溝通表明，外部因素對未來FOMC貨幣政策的實施幾乎沒有影響。”
Arseneau has an Overweight rating on real-estate investment trusts and a Market Weight rating on financials. Generally, he doesn't think it's time for investors to get into defensive sectors such as staples, health care, telecos, and utilities before the U.S. bond yields invert. With his maximum target for U.S. 10-year yields at 3.25%, he estimates the U.S. 10-year to 2-year curve will invert sometime in the spring of 2019.
阿爾索對房地產投資信託基金的評級為增持，對金融類股的評級為市場權重。總的來説，他認為在美國債券收益率出現反轉之前，投資者還沒有到進入諸如史泰博、醫療保健、電信和公用事業等防禦性行業的時候。由於他對美國10年期國債收益率的最高目標是3.25%，他估計美國10年期至2年期國債收益率曲線將在2019年春季的某個時候出現倒置。
What do ETFs stand to get a boost from a flatter yield curve? A Ned Davis Research Group screen for non-levered stock funds with at least $1 billion in assets under management that also lands in the bottom decile of funds based on short- and long-term sensitivity to the slope of the yield curve turned up some obvious finds: REIT funds. In fact, nine of the 13 funds that turned up were in that category including the Vanguard Real Estate ETF (VNQ), the Schwab US REIT ETF (SCHH), and the iShares U.S Real Estate ETF (IYR). Non-REIT funds included the VanEck Vectors Gold Miners (GDX), VanEck Vectors Junior Gold Miners (GDXJ), Utilities Select Sector SPDR (XLU), and Vanguard Utilities (VPU).
ETF將從平坦的收益率曲線中獲得哪些提振？內德·戴維斯研究集團(Ned Davis Research Group)對管理着至少10億美元資產的非槓桿式股票基金進行了篩選，根據對收益率曲線斜率的短期和長期敏感性，這些基金也位於基金的末尾十分之一，發現了一些明顯的發現：REIT基金。事實上，13只基金中有9只屬於這一類別，包括先鋒房地產ETF(VNQ)、嘉信理財美國REIT ETF(SCHH)和iShares美國房地產ETF(IYR)。非REIT基金包括Vaneck Vectors Gold Miners(GDX)、Vaneck Vectors Junior Gold Miners(GDXJ)、Utilities Select Sector SPDR(XLU)和Vanguard Utilities(VPU)。
S&P 500: +0.7% to 2737.6
標準普爾500指數：上漲0.7%，至2737.6點
Dow 30: +240 points or 1% to 24,453.82
道瓊斯工業平均指數上漲240點，漲幅1%，至24453.82點。
Nasdaq: +0.0.6% to 7548.91.
納斯達克：上漲0.0.6%，至7548.91。
Russell 2000: +0.4% 1651.50
羅素2000年：+0.4%1651.50
Vix: -11.1% to 14.98
波動率指數：-11.1%至14.98
10-year Treasury Yield: 2.85%
10年期美國國債收益率：2.85%
Midday Movers
午間移動者
Allison Transmission (ALSN) is up 2.2% to $40.79 after Mizuho initiated coverage with a Buy rating.
艾利森傳輸(ALSN)上漲2.2%，至40.79美元，此前瑞穗以買入評級啟動覆蓋範圍。
Ally Financial (ALLY) is up 4.1% to $26.77 after Janney Montgomery Scott upgraded it to Buy.
Ally Financial(Ally)上漲4.1%，至26.77美元，此前Janney Montgomery Scott將其評級上調至Buy。
Celgene (CELG) is up 5.2% to $80.65 and Acceleron Pharma (XLRN) is up 48.9% to $48.20 after the companies reported positive trial data for their treatment of low-to-intermediate risk myelodysplastic syndromes, a form of cancer.
Celgene(CELG)上漲5.2%，至80.65美元，Acceleron Pharma(XLRN)上漲48.9%，至48.20美元，此前兩家公司公佈了治療中低風險骨髓增生異常綜合徵(一種癌症)的積極試驗數據。
Vertex Pharmaceuticals (VRTX) is up 14.4% to $168.78 after disappointing data from Galapagos N.V. (GLPS) showed that its cystic fibrosis treatment, used with Vertex's Orkambi, did not match Vertex's triple combo, securing Vertex's lead in the space.
Vertex PharmPharmticals(VRTX)股價上漲14.4%，至168.78美元，此前來自加拉帕戈斯公司(Galapagos N.V.)的令人失望的數據顯示，其治療囊性纖維化的藥物與Vertex的奧坎比(Orkambi)相比，無法匹敵Vertex的三聯療法，從而確保了Vertex在該領域的領先地位。
Walgreens Boots Alliance (WBA) is down 0.7% to $59.29, continuing its declines from yesterday, after Jefferies and Robert W. Baird downgraded
沃爾格林靴子聯盟(WBA)下跌0.7%，至59.29美元，延續了昨日以來的跌勢，此前傑富瑞和羅伯特·W·貝爾德下調了評級
it to Hold. -- Teresa Rivas
拿着它。--特里薩·裏瓦斯
Sign up to Review & Preview, a new daily email from Barron's. Every evening we'll review the news that moved markets during the day and look ahead to what it means for your portfolio in the morning.
訂閲Barron‘s最新的每日電子郵件《回顧與預覽》。每天晚上，我們都會回顧白天影響市場的新聞，並在早上展望它對你的投資組合意味着什麼。
More at Barron's Stocks to Watch blog, http://www.barrons.com/stocks-to-watch
更多信息請參見巴倫的股票觀察博客，http://www.barrons.com/stocks-to-watch
(END) Dow Jones Newswires
(完)道瓊斯通訊社
June 29, 2018 13:17 ET (17:17 GMT)
2018年6月29日美國東部時間13：17(格林尼治標準時間17：17)
Copyright (c) 2018 Dow Jones & Company, Inc.
版權所有(C)2018年道瓊斯公司。
譯文內容由第三人軟體翻譯。