霍華德·斯(si)韋爾(er)布拉特(te)

　　本周(zhou)(zhou)，標(biao)(biao)準(zhun)普(pu)爾500指(zhi)數(shu)收于5554.25點，較(jiao)(jiao)上(shang)周(zhou)(zhou)收盤的(de)5344.16點上(shang)漲3.93%，較(jiao)(jiao)前(qian)一(yi)周(zhou)(zhou)收盤的(de)5346.56點下跌0.04%。年初至(zhi)今，標(biao)(biao)準(zhun)普(pu)爾500指(zhi)數(shu)上(shang)漲了(le)16.45%（扣除股息后上(shang)漲了(le)17.47%）。標(biao)(biao)準(zhun)普(pu)爾500指(zhi)數(shu)較(jiao)(jiao)2020年3月23日的(de)低(di)點上(shang)漲了(le)148.25%。

　　標(biao)普500指數覆蓋的(de)所(suo)有11個(ge)(ge)行(xing)業(ye)均上(shang)(shang)(shang)(shang)(shang)(shang)漲(zhang)(zhang)，而上(shang)(shang)(shang)(shang)(shang)(shang)周(zhou)(zhou)(zhou)為4個(ge)(ge)，前一周(zhou)(zhou)(zhou)為5個(ge)(ge)。信息技術(shu)行(xing)業(ye)表現(xian)最(zui)好(hao)，扭轉(zhuan)了此前四周(zhou)(zhou)(zhou)的(de)下跌(die)趨(qu)勢，本(ben)周(zhou)(zhou)(zhou)上(shang)(shang)(shang)(shang)(shang)(shang)漲(zhang)(zhang)7.51%，該(gai)行(xing)業(ye)今年(nian)(nian)迄今上(shang)(shang)(shang)(shang)(shang)(shang)漲(zhang)(zhang)27.07%，較2021年(nian)(nian)收盤(pan)上(shang)(shang)(shang)(shang)(shang)(shang)漲(zhang)(zhang)41.28%。非必需(xu)消(xiao)費(fei)品(pin)本(ben)周(zhou)(zhou)(zhou)反彈5.21%，年(nian)(nian)初至(zhi)(zhi)今轉(zhuan)為正增長，上(shang)(shang)(shang)(shang)(shang)(shang)漲(zhang)(zhang)3.85%。消(xiao)費(fei)必需(xu)品(pin)本(ben)周(zhou)(zhou)(zhou)上(shang)(shang)(shang)(shang)(shang)(shang)漲(zhang)(zhang)1.60%，年(nian)(nian)初至(zhi)(zhi)今上(shang)(shang)(shang)(shang)(shang)(shang)漲(zhang)(zhang)13.05%。金(jin)融(rong)股(gu)本(ben)周(zhou)(zhou)(zhou)上(shang)(shang)(shang)(shang)(shang)(shang)漲(zhang)(zhang)3.22%（年(nian)(nian)初至(zhi)(zhi)今上(shang)(shang)(shang)(shang)(shang)(shang)漲(zhang)(zhang)15.99%），醫(yi)療保健股(gu)本(ben)周(zhou)(zhou)(zhou)上(shang)(shang)(shang)(shang)(shang)(shang)漲(zhang)(zhang)1.92%。房地產板塊表現(xian)最(zui)差，本(ben)周(zhou)(zhou)(zhou)僅(jin)上(shang)(shang)(shang)(shang)(shang)(shang)漲(zhang)(zhang)0.07%。能源(yuan)板塊上(shang)(shang)(shang)(shang)(shang)(shang)漲(zhang)(zhang)0.85%，年(nian)(nian)初至(zhi)(zhi)今上(shang)(shang)(shang)(shang)(shang)(shang)漲(zhang)(zhang)8.16%。

　　在(zai)美國經濟數(shu)據方(fang)面，美國7月(yue)(yue)(yue)(yue)(yue)(yue)份(fen)(fen)PPI環(huan)比(bi)(bi)(bi)上(shang)(shang)漲(zhang)(zhang)0.1%，預期(qi)(qi)為(wei)(wei)上(shang)(shang)漲(zhang)(zhang)0.2%，同(tong)(tong)比(bi)(bi)(bi)漲(zhang)(zhang)幅為(wei)(wei)2.2%，低于6月(yue)(yue)(yue)(yue)(yue)(yue)份(fen)(fen)的(de)2.6%。核心PPI持(chi)平（預期(qi)(qi)為(wei)(wei)0.2%），同(tong)(tong)比(bi)(bi)(bi)增(zeng)長(chang)(chang)率為(wei)(wei)2.4%（低于6月(yue)(yue)(yue)(yue)(yue)(yue)份(fen)(fen)的(de)3.0%）。與預期(qi)(qi)相同(tong)(tong)，7月(yue)(yue)(yue)(yue)(yue)(yue)份(fen)(fen)CPI環(huan)比(bi)(bi)(bi)上(shang)(shang)漲(zhang)(zhang)0.2%（6月(yue)(yue)(yue)(yue)(yue)(yue)份(fen)(fen)為(wei)(wei)-0.1%），同(tong)(tong)比(bi)(bi)(bi)漲(zhang)(zhang)幅為(wei)(wei)2.9%，低于6月(yue)(yue)(yue)(yue)(yue)(yue)份(fen)(fen)的(de)3.0%。核心CPI環(huan)比(bi)(bi)(bi)上(shang)(shang)漲(zhang)(zhang)0.2%，也符合預期(qi)(qi)（6月(yue)(yue)(yue)(yue)(yue)(yue)上(shang)(shang)漲(zhang)(zhang)0.1%），同(tong)(tong)比(bi)(bi)(bi)上(shang)(shang)漲(zhang)(zhang)3.2%(6月(yue)(yue)(yue)(yue)(yue)(yue)為(wei)(wei)3.3%)。住房成本數(shu)據產(chan)生顯著的(de)同(tong)(tong)比(bi)(bi)(bi)變化，上(shang)(shang)升了5.1%，食品價格(ge)上(shang)(shang)漲(zhang)(zhang)2.9%，交通運輸服(fu)務業增(zeng)長(chang)(chang)8.8%。7月(yue)(yue)(yue)(yue)(yue)(yue)份(fen)(fen)的(de)零售額(e)環(huan)比(bi)(bi)(bi)增(zeng)長(chang)(chang)了1.0%，而預期(qi)(qi)為(wei)(wei)0.3%。7月(yue)(yue)(yue)(yue)(yue)(yue)進口價格(ge)環(huan)比(bi)(bi)(bi)增(zeng)長(chang)(chang)0.1%，而預期(qi)(qi)為(wei)(wei)下降0.1%（與6月(yue)(yue)(yue)(yue)(yue)(yue)持(chi)平），同(tong)(tong)比(bi)(bi)(bi)增(zeng)長(chang)(chang)1.6%（6月(yue)(yue)(yue)(yue)(yue)(yue)為(wei)(wei)1.5%）。出口價格(ge)環(huan)比(bi)(bi)(bi)增(zeng)長(chang)(chang)0.7%，而預期(qi)(qi)為(wei)(wei)下降0.1%（6月(yue)(yue)(yue)(yue)(yue)(yue)為(wei)(wei)-0.3%），同(tong)(tong)比(bi)(bi)(bi)增(zeng)長(chang)(chang)1.4%（6月(yue)(yue)(yue)(yue)(yue)(yue)為(wei)(wei)1.0%）。

　　在周(zhou)度報(bao)告中(zhong)，美(mei)國(guo)抵押貸款(kuan)申(shen)請(qing)(qing)(qing)報(bao)告增(zeng)長了(le)(le)16.8%，其(qi)中(zhong)購(gou)買(mai)申(shen)請(qing)(qing)(qing)增(zeng)長了(le)(le)2.8%，再融資申(shen)請(qing)(qing)(qing)增(zeng)長了(le)(le)34.5%。上周(zhou)EIA原油庫存減少370萬(wan)桶(tong)后，本周(zhou)EIA原油庫存報(bao)告增(zeng)加(jia)了(le)(le)140萬(wan)桶(tong)。由(you)美(mei)國(guo)勞工部發布的(de)《新每周(zhou)申(shen)領失(shi)(shi)業(ye)(ye)救濟金報(bao)告》（New Weekly Unemployment Claims Report）顯示，申(shen)請(qing)(qing)(qing)失(shi)(shi)業(ye)(ye)救濟金人數為(wei)(wei)22.7萬(wan)人，高于上周(zhou)的(de)23.3萬(wan)人，此前預(yu)計為(wei)(wei)23.4萬(wan)人。接(jie)受救濟的(de)失(shi)(shi)業(ye)(ye)保險(xian)總(zong)人數（經(jing)季節性調整）為(wei)(wei)187.1萬(wan)人，高于上周(zhou)的(de)187.7萬(wan)人。

　　下周(zhou)美(mei)國經(jing)濟報(bao)告(gao)(gao)方面(mian)，下周(zhou)一將公(gong)布電子商務和領先(xian)指(zhi)標，周(zhou)三將公(gong)布每周(zhou)抵押貸款申(shen)請報(bao)告(gao)(gao)、每周(zhou)EIA石油報(bao)告(gao)(gao)和聯邦(bang)公(gong)開(kai)市場委員會會議紀要，周(zhou)四將公(gong)布每周(zhou)新申(shen)請失業救濟人數報(bao)告(gao)(gao)、PMI綜合閃電報(bao)告(gao)(gao)和現房銷售報(bao)告(gao)(gao)。

　　（作者系標普道(dao)瓊(qiong)斯(si)指(zhi)數(shu)公司資深指(zhi)數(shu)分析(xi)師 劉英杰編譯(yi)）