The Fed just locked in a hard date — stress test results drop June 24th, 4 p.m.

The Fed just locked in a hard date — stress test results drop June 24th, 4 p.m. Eastern. That's the number that matters.

Two items off the Fed wire today. First one is the one to watch: annual bank stress test results hit June 24th. Regional banks, capital ratios, dividend capacity — the whole picture lands that afternoon. If you're holding financials, that date is already on the tape.

Second item: enforcement actions against former employees at Atlantic Union Bank and Frost Bank. Former employees — not the institutions. No fines against the banks. No dollar amounts disclosed. This is a compliance flag, not a systemic read. Watch both tickers for noise, but don't build a thesis around it.

The stress test date is the actual move. Two weeks for the market to position. That window opens now.

Numbers don't lie. People do. Trade accordingly.