每个工作日，CNBC 投资俱乐部（Jim Cramer 主持）都会发布《Homestretch》——这是一份可操作的下午更新，恰逢华尔街交易最后一小时。周三，受 9 月份消费者价格指数意外走高影响，AI 股票带动市场走低。总体 CPI 年率上涨 3.7%，而剔除食品和能源的核心 CPI 上涨 2.6%。环比来看，总体 CPI 在季节性调整后上涨 0.6%，其中超过一半的全部项目涨幅源于汽油成分的 9.1% 上涨。
Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. AI stocks are leading the market lower Wednesday after the September consumer price index came in hotter than expected. Headline CPI increased 3.7% year over year, while the ex-food and energy core rate gained 2.6%. Looking month-over-month, headline CPI rose 0.6% on a seasonally adjusted basis, with over half of the all-items increase tied to a 9.1% gain in the gasoline component.
这凸显了中东持续冲突带来的通胀压力，特别是通过能源价格上涨传导。纳斯达克在下午晚间交易中下跌 2%，而标普 500 指数跌幅超过 1%。债券价格在数据公布后最初被抛售，导致收益率急剧上升。（当天晚些时候，收益率略微回落转为下跌。）根据 CME FedWatch 工具，市场预期美联储在即将到来的 10 月会议上加息 25 个基点的概率升至约 37%，而周二为 22%，一周前约为 18%。
This illustrates the inflationary pressure stemming from the ongoing conflict in the Middle East, particularly through higher energy prices. The Nasdaq is down 2% in late afternoon trading, while the S & P 500 dropped more than 1% Bond prices initially sold off on the print, sending yields sharply higher. (Later in the day, yields reversed slightly into the red.) According to the CME FedWatch tool, the market odds of an interest rate rise at the central bank's upcoming October meeting increased to roughly 37% for a 25-basis-point rate hike, up from 22% on Tuesday and about 18% one week ago.
更多加息可能会放缓经济，这解释了为什么投资者正在医疗和消费必需品等防御性板块内部进行轮动，同时撤出银行和工业等对经济敏感度较高的板块。科技股也受到冲击。更多加息的预期影响了我们当天早些时候的决定——退出霍尼韦尔技术并重新积累一些现金。如果资本成本上升过快，AI 基础设施相关股票可能会进入疲软期。
More rate hikes could slow down the economy, explaining why investors are rotating into defensives within healthcare and consumer staples, and out of economically sensitive areas like banks and industrials. Tech stocks are getting hit, too. The prospects of more rate hikes played into our decision earlier in the day to exit Honeywell Technologies and build back some cash. AI infrastructure names could hit a slow patch if the cost of capital rises too quickly.
周三，GE 韦诺瓦和伊顿等股票是投资组合中表现最差的几只。博通首席执行官黄鸿博（Hock Tan）周一在新加坡的一次会议上警告称，获取资本的渠道可能成为下一个行业瓶颈。半导体股票继续成为市场痛苦的来源。
Stocks like GE Vernova and Eaton were some of the biggest laggards in the portfolio Wednesday. Broadcom CEO Hock Tan warned on Monday at a conference in Singapore that access to capital could become the next industry constraint. Semiconductor stocks remained a source of market pain.
iShares半导体ETF（SOXX）周三再跌4%，连续下跌的交易日延长至七个，累计跌幅接近12%。这是自2025年5月以来SOXX最长的连跌纪录。上一次SOXX连续八个交易日下跌是在2015年9月。另一项进展是
The iShares Semiconductor ETF, or SOXX, fell another 4% on Wednesday, extending its losing streak to seven consecutive sessions and bringing its total decline over that stretch to nearly 12%. This is the worst SOXX losing streak since May 2025. The last time the SOXX fell for eight sessions in a row was September 2015. One more development to