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 ( $區域銀行指數ETF-SPDR KBW(KRE.US)$ +5.5%), equity REITs ( $美國房地產指數ETF-iShares(IYR.US)$ +6.1%), mortgage REITs ( $房地產按揭貸款ETF-iShares(REM.US)$ +16.8%), BDCs ( $Ubs Ag Jersey$ +8.7%) are in major rally mode. The Financial SPDR's ( $SPDR金融行業ETF(XLF.US)$ +5.1%) gain is more than double that of the S&P 500.
Some players: Bank of America ( $美國銀行(BAC.US)$ +5.1%), Citigroup ( $花旗集團(C.US)$ +9.8%), New York Community ( $紐約社區銀行(NYCB.US)$ +4.7%), KeyCorp ( $KeyCorp(KEY.US)$ +6.1%), Discover ( $發現金融(DFS.US)$ +9.8%), Synchrony ( $Synchrony Financial(SYF.US)$ +10.3%), Lincoln Financial ( $林肯國民(LNC.US)$ +11.3%), Main Street Capital ( $Main Street Capital(MAIN.US)$ +17.0%), New Rez ( $New Residential Investment Corp$ +22.0%), Armour ( $Armour住宅房產信托(ARR.US)$ +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%).