The Fed just dropped two dates on your calendar.
The Fed just dropped two dates on your calendar. Every bank trader needs both. Two moves out of the Federal Reserve today. Enforcement actions landed against a former Atlantic Union Bank employee and a former Frost Bank employee. No dollar figures. Personnel actions — not institutional penalties.…
Transcript
The Fed just dropped two dates on your calendar. Every bank trader needs both.
Two moves out of the Federal Reserve today. Enforcement actions landed against a former Atlantic Union Bank employee and a former Frost Bank employee. No dollar figures. Personnel actions — not institutional penalties. Watch both tickers for any reaction.
But here's the real one. The Fed just confirmed annual bank stress test results drop Wednesday, June 24th, 4 p.m. Eastern. Hard deadline. Every major bank holding company is in that data set. Results hit after close — which means Thursday pre-market is where the volatility actually lives. KRE, BAC, JPM, WFC, C — they all move on stress test day. Sometimes hard. Start building your watch list now.
June 24th. 4 p.m. Eastern. That's straight off the Fed's own calendar.
Numbers don't lie. People do. Trade accordingly.