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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

软通货膨胀数据提振小市值股票、房地产业、区域型银行；交易员预期随着股票的反应，联邦储备委员会将进行利率削减。
Benzinga ·  06/12 10:09

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.

在周三下午2点高度关注的联邦公开市场委员会（FOMC）会议之前，美国一份低于预期的通胀报告刺激了华尔街的涨势。

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.

发生了什么：5月份通货膨胀率为3.3%，低于预期和先前的3.4%水平。从月度来看，消费者价格指数（CPI）保持不变，低于预期的0.1%增长，并显著低于4月的0.3%上涨。

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胀率的增长低于预期。年度核心通胀从3.6%下降至3.4%，未达到3.5%的预期。

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.

为什么要关注：低于预期的通胀数据增加了人们对恢复到联邦储备委员会2%的目标并增加对今年晚些时候降息的预期的希望。

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.

市场现在给9月降息的概率分配了超过70%，比通胀报告之前54%的概率高。值得注意的是，联邦期货现在表明到今年年底已定价降息55个基点，意味着两次降息。

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.

借贷成本下降的前景正在提振基于利率敏感性的板块和股票，这些板块和股票由于担心利率持续上涨而落后于最近几周。

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.

小盘股，由iShares罗素2000指数ETF（纽约证券交易所：IWM）跟踪，是市场上最亮眼的板块，开盘涨2.9%，有望成为年度表现最佳的一天。

Chart: Small Caps Eye Best Day Since Mid-December 2023

图表：小盘股着眼于自２０２３年１２月以来的最佳一天

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，大盘指数，如标普500指数、纳斯达克100指数和道琼斯工业平均指数均上涨约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.

在板块方面，房地产和材料板块表现最好，其中万得不动产信托指数ETF（纽约证交所：VNQ）和材料选择部门SPDR基金（纽约证交所：XLB）分别上涨2.2%和1.6%。

Industry-wise, homebuilders, regional banks, solar, and biotech stocks were the top performers, showing notable increases.

在行业板块上，建筑商、区域银行、太阳能和生物科技股表现最好，明显上涨。

  • 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%
  • 标普房屋建设ETF（纽约证交所：XHB）上涨4%。
  • 英威腾太阳能ETF（纽约证交所：TAN）上涨3.9%。
  • 标普区域银行ETF（纽约证交所：KRE）上涨3.3%。
  • 标普生物科技ETF（纽约证交所：XBI）上涨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:

根据Benzinga pro的数据，美国通胀数据公布后的一个小时，市值至少10亿美元的股票中表现最好的股票是：

  1. Sunrun Inc. (NASDAQ:RUN): 7.87%
  2. Array Technologies Inc. (NASDAQ:ARRY): 7.65%
  3. Opendoor Technologies Inc. (NASDAQ:OPEN): 7.44%
  4. Element Solutions Inc. (NYSE:ESI): 6.78%
  5. TeraWulf Inc. (NASDAQ:WULF): 6.68%
  6. Iamgold Corporation (NYSE:IAG): 6.55%
  7. Globus Medical Inc. (NYSE:GMED): 6.04%
  8. Dyne Therapeutics Inc. (NASDAQ:DYN): 5.99%
  9. Enphase Energy Inc. (NASDAQ:ENPH): 5.93%
  10. Upstart Holdings Inc. (NASDAQ:UPST): 5.75%
  1. 运行公司股票（纳斯达克证券交易所：RUN）：上涨7.87%。
  2. Array Technologies股票（纳斯达克证券交易所：ARRY）：上涨7.65%。
  3. Opendoor Technologies股票（纳斯达克证券交易所：OPEN）：上涨7.44%。
  4. Element Solutions股票（纽约证交所：ESI）：上涨6.78%。
  5. TeraWulf公司（纳斯达克股票代码：WULF）：6.68％
  6. iamgold公司（纽交所股票代码：IAG）：6.55％
  7. Globus Medical公司（纽交所股票代码：GMED）：6.04％
  8. Dyne Therapeutics公司（纳斯达克股票代码：DYN）：5.99％
  9. Enphase Energy公司（纳斯达克股票代码：ENPH）：5.93％
  10. Upstart Holdings公司（纳斯达克股票代码：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.

展望未来，交易员们现在正在急切地期待联邦公开市场委员会（FOMC）会议。 陈述和新的宏观经济预测将于美国东部时间下午2:00发布，接着是联邦储备委员会主席鲍威尔的新闻发布会，将于美国东部时间下午2:30举行。

Read now: Fed Meeting Preview: Economists Predict Steady Rates In June, Fewer Cuts Ahead

立即阅读：联邦会议预览: 经济学家预计六月利率稳定，之后降息率减少。

Photo: Shutterstock

Photo: shutterstock

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