米利下げで景気循環株復活！5日間20％近く急騰 今こそ買い好機が到来？
The U.S. Federal Reserve Board (FRB) implemented a 0.5-point rate cut last Wednesday, the first in 4 years. Following last week's significant rate cut, statements from the FRB have been coming one after another, providing clues to assess future monetary easing.
One week after the rate cut, the utilities industry, metals, energy, and consumer goods sectors are leading the rise in the US stock market.utilities industryIn the sector, $Utilities - Independent Power Producers (LIST2462.US)$が19.6％、 $Utilities - Renewable (LIST2461.US)$Surged by 11.5%.MetalIn the sector, $Copper (LIST22865.US)$が10.0%、 $Silver (LIST2093.US)$Rose by 9.5%.
EnergyIn the sector, $Uranium (LIST2430.US)$が19.7%超、 $Coking Coal (LIST2505.US)$Rose by over 9.2%. The semiconductor sector surged by 7.82%.Consumer goodsIn the sector, $Auto Manufacturers (LIST2468.US)$rose significantly by 8.2%, $Footwear & Accessories (LIST2106.US)$rose by 5.2%, $Internet Retail (LIST2431.US)$and rose by 5.0% significantly.
Wall Street analysts believe that the characteristics of the "soft landing" trading logic in the US stock market are prominent.Traditional defensive shares are expected to be "no longer attractive" as the features of the "soft landing" trading logic become more apparent.The strong performance of the economic cycle sector indicates optimism about the "soft landing" of the US stock market.
According to Bill Mares, a strategist at Bank of America, post-rate-cut market performance highlights cyclical stocks, high-tech growth stocks, and defensive stocks. It suggests that investors are optimistic about the long-term growth potential of the US economy while preparing for the possibility of a short-term slowdown.
Utilities industry became the second-best performing sector in the S&P 500 after the close on the 26th. $Vistra Energy (VST.US)$Has risen 211% year to date. $Constellation Energy (CEG.US)$Rose 126%. $NRG Energy (NRG.US)$Increased by 75%.
The utilities industry is considered a 'safe' investment, with high dividend yields that surpass bond yields in a rate-cutting environment. This sector also benefits from advancements in artificial intelligence and cryptocurrencies like Bitcoin. These contribute to energy demand, especially electricity.
AI-related datacenter's increasing demand for electricity is a significant driving force for the utilities industry this year. According to Goldman Sachs, by 2030,it is estimated that the power consumption of data centers will increase by 3% to 8%. The biggest driver of growth in electricity demand in the USAit was pointed out.
On the 20th, a US electrical utilities company $Constellation Energy (CEG.US)$announced $Microsoft (MSFT.US)$announced that it had signed contracts to supply power to its datacenter.uranium miningthe sector surged. Consteleza, the USA's largest carbon-free energy producer (nuclear, hydro, wind, solar), plans to invest $1.6 billion to restart closed nuclear power plants since 2009 and aims to restart by 2028. Based on this agreement, Microsoft will purchase electricity from the restarted power plant for the next 20 years and support PJM datacenters with carbon-free energy. This plan is The vast electricity demand of AI datacenters.やInterest from the tech industry in carbon-free power sources that operate 24 hours a day.Being highlighted. $Constellation Energy (CEG.US)$rose 22%, $Centrus Energy (LEU.US)$、 $Cameco (CCJ.US)$、 $Energy Fuels (UUUU.US)$etc.Nuclear power stocksAlso pushing up.
Additionally, it had fallen significantly since the beginning of the year.Raw coalThe sector surged and $American Resources (AREC.US)$rising over 28%, $Warrior Met Coal (HCC.US)$and rising over 12%, $Alpha Metallurgical (AMR.US)$rose more than 10%.coalIn the sector, $Hallador Energy (HNRG.US)$and $Peabody Energy (BTU.US)$Also showed significant increases of 36% and 10% respectively.
Recently, China announced a series of policies to revitalize the economy and real estate market, which has stimulated global raw material demand, including in the USA.Metalandmining stocksOn Tuesday, it showed the largest single-day increase of 2024 so far.
When economic prospects improve, the demand and prices of industrial metals such as copper and silver increase, and related mining stocks also rise. Copper is mainly used in electrical, household appliances, construction, and new energy vehicles, with demand typically increasing from late September to December. NotedCopper mining stocksannounced $Metals Acquisition (MTAL.US)$、 $Hudbay Minerals (HBM.US)$、 $Taseko Mines (TGB.US)$、 $Freeport-McMoRan (FCX.US)$Both rose over 10% in various ways.Silver mineIn the sector, $Silvercorp Metals (SVM.US)$rose by 12.1%, $First Majestic Silver (AG.US)$rose by 9.0%, $MAG Silver (MAG.US)$rose by 7.9%.
Auto manufacturersis rising strongly, $XPeng (XPEV.US)$rising by 20.7% this week, $ZEEKR (ZK.US)$increasing by 15.2%. $Tesla (TSLA.US)$、 $Li Auto (LI.US)$、 $NIO Inc (NIO.US)$also showed a growth of over 10%. In addition,internet retailsector is also soaring, $JD.com (JD.US)$by over 23%, $PDD Holdings (PDD.US)$by over 15%, $Alibaba (BABA.US)$by over 13%.
Despite the automotive sector's sluggish performance at the beginning of the year due to weak demand and intensified competition, major stocks are rebounding. Short-term catalysts for electric vehicles include the traditional sales peak in the third quarter, numerous auto shows, and new model releases. Furthermore, the promotion of EV policies in China is stimulating demand.
Due to the Federal Reserve's interest rate cuts boosting risk appetite in the stock market and China's successive supportive policies, Chinese auto manufacturers and e-commerce companies (many of which are listed in the USA) are surging. Additionally, the strength of the renminbi and the long-term undervaluation of Chinese assets may become significant drivers of increased inflow of funds from overseas investors.
- This article uses some auto-translation.
Source: Bloomberg, Benzinga, moomoo
-moomoo News Kouchi
Source: Bloomberg, Benzinga, moomoo
-moomoo News Kouchi
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only.
Read more
Comment
Sign in to post a comment
182421507 : Why is there no reaction at all in a-reit etf and construction stocks?
182589015 : Reiko