CNBC主持人吉姆·克雷默表示，油价下跌和美债收益率走低正在推动更广泛的股市反弹。
CNBC's Jim Cramer said that lower oil prices and Treasury yields are fueling a broader stock market rally.
布伦特原油周一暴跌7.63%，收于每桶104.77美元，推动10年期美债收益率降至9月10日以来的最低水平。这助推了医疗保健、金融、零售和旅游板块的股价上涨。克雷默表示，改善的市场环境促使投资者重新审视此前被忽视的强劲财报，并加速了向科技股以外的成长机会转移。
Brent crude tumbled 7.63% Monday to close at $104.77 per barrel, sending the 10-year Treasury yield to its lowest level since Sept. 10. That helped lift shares across the healthcare, financials, retail and travel sectors. Cramer said the improved market backdrop has prompted investors to revisit strong earnings reports they initially overlooked and accelerated the shift toward growth opportunities beyond tech.
“永远不要忘记这个市场真正关注的是什么：石油、通胀和利率，”《疯钱》节目主持人说道。“石油价格隔夜暴跌……导致利率下降，并使大量股票飙升。”
"Never forget what this market's really about: oil, inflation and interest rates," the "Mad Money" host said. "Oil plummeted overnight ... which sent interest rates lower and caused a host of stocks to soar."
克雷默以亚马逊为例，该股周一上涨2%，说明利率下降如何改变投资者对一只股票的看法。该股在上周财报发布后一度表现挣扎，随后收复失地。克雷默认为，亚马逊的业绩比市场最初认识到的更强劲，“果然，在更好的利率环境下，我们看到亚马逊回到了9月下旬的水平。”同样，废物管理公司上涨1.8%，因为投资者终于认可了该公司上周发布的强劲季度业绩，克雷默表示这些业绩此前被不断上升的利率所掩盖。
Cramer pointed to Amazon, up 2% Monday, as an example of how falling rates can change investors' perceptions of a stock. Shares recovered after initially struggling following the company's quarterly report last week. Cramer argued that Amazon's results were stronger than the market initially recognized, and "sure enough, with a better rate backdrop we saw Amazon return to where it was in late September." Similarly, Waste Management gained 1.8% as investors finally gave the company credit for the strong quarterly results last week, which Cramer said had been overshadowed by rising rates.
不过，克雷默警告称，这种涨幅的幅度可能难以维持。“只是资金同时涌入股票，”他说。“这不可持续。”但随着投资者继续将资金从科技股撤出，同时仍留在更广泛的市场中，克雷默表示，其他行业的公司可能会越来越多地担当领涨角色。“随着科技股持续失去光彩，这些是成长的新替身，”他说。
Still, Cramer cautioned that the magnitude of these moves may be difficult to sustain. "You just have money piling into stocks at the same time," he said. "They aren't sustainable." But with investors continuing to move money out of technology while remaining invested in the broader market, Cramer said companies in other industries could increasingly take the lead. "These are the new proxies for growth as tech continues to lose its luster," he said.
涨势延伸至医疗器械制造商，克拉默表示这些公司正成为极具吸引力的替代选择。周一，美敦力上涨3%，GE医疗上涨4%，直觉外科上涨1%。克拉默说：“如果你能找到一只非科技股的成长股，你就能大赚一笔。”
The rally extended to medical device makers, which Cramer said are emerging as attractive alternatives. Medtronic gained 3% Monday, while GE HealthCare rose 4% and Intuitive Surgical climbed 1%. "If you can find a growth stock that's not a tech stock, you can really clean up," Cramer said. Financial stocks also rallied as worries about consumers' ability to repay debt eased.
金融股也随之上涨，因为市场对消费者偿债能力的担忧有所缓解。资本一号跳涨3%，此前该股上周因对汽油价格上涨和信贷逾期的担忧而表现挣扎。
Capital One jumped 3% after struggling last week amid worries about higher gasoline prices and credit delinquencies. The gains lifted consumer companies, with Walmart and Costco each rising roughly 3%. "Rates lower and gasoline lower means more [money] to spend inside their stores," he said.
涨幅提振了消费类公司，沃尔玛和好市多各上涨约3%。他说：“利率降、汽油价格降，意味着消费者在他们的店里有更多钱可花。”
Cramer's Charitable Trust, the portfolio run by CNBC's Investing Club, owns shares of AMZN, COF, COST. Sign up now for the CNBC Investing Club to follow Jim Cramer's every move in the market. Questions for Cramer?
克拉默慈善信托基金——由CNBC投资俱乐部管理的投资组合——持有亚马逊、资本一号、好市多的股份。
e into Cramer's world? Hit him up! Mad Money Twi