Financials outperform by a mile as Fed bails

The Fed fired another bazooka blast this morning. Whether or not moves such as buying junk bonds, bolstering the PPP, launching a Main Street lending program, and directly lending to municipalities will do anything to boost a locked-down economy is up for debate.
These actions combined with previous moves, however, would seemingly take the idea of a credit collapse off the table. Creditors of all sorts - banks ( $区域银行指数ETF-SPDR KBW (KRE.US)$ +5.5%), equity REITs ( $美国房地产指数ETF-iShares (IYR.US)$ +6.1%), mortgage REITs ( $房地产按揭贷款ETF-iShares (REM.US)$ +16.8%), BDCs ( $ETRACS富国商业发展公司指数挂钩 (BDCS.US)$ +8.7%) are in major rally mode. The Financial SPDR's ( $金融行业ETF-SPDR (XLF.US)$ +5.1%) gain is more than double that of the S&P 500.
Some players: Bank of America ( $美国银行 (BAC.US)$ +5.1%), Citigroup ( $花旗集团 (C.US)$ +9.8%), New York Community ( $纽约社区银行 (NYCB.US)$ +4.7%), KeyCorp ( $KeyCorp (KEY.US)$ +6.1%), Discover ( $发现金融 (DFS.US)$ +9.8%), Synchrony ( $Synchrony Financial (SYF.US)$ +10.3%), Lincoln Financial ( $林肯国民 (LNC.US)$ +11.3%), Main Street Capital ( $Main Street Capital (MAIN.US)$ +17.0%), New Rez ( $New Residential Investment (NRZ.US)$ +22.0%), Armour ( $Armour住宅房产信托 (ARR.US)$ +14.9%), Realty Income ( $Realty Income (O.US)$ +11.2%), Ventas ( $芬塔公司 (VTR.US)$ +16.1%), Tanger Factory ( $Tanger (SKT.US)$ +23.3%).