The Fed just put two dates on the calendar that every bank trader needs to know right now.
The Fed just put two dates on the calendar that every bank trader needs to know right now. Two items straight from the Federal Reserve wire.
Transcript
The Fed just put two dates on the calendar that every bank trader needs to know right now.
Two items straight from the Federal Reserve wire.
First — enforcement actions dropped against a former Atlantic Union Bank employee and a former Frost Bank employee. Individual-level actions. Not institutional. But Fed enforcement is Fed enforcement. Watch both tickers.
Second — and this is the bigger one — the Fed confirmed annual bank stress test results drop Wednesday, June 24th, 4 p.m. Eastern. That's your hard date. Major financials move on stress test outcomes. JPMorgan, BAC, Wells, Citi, Goldman, Morgan Stanley — all of them get scrutinized. Results hit after market close, so expect pre-market volatility June 25th.
Mark June 24th, 4 p.m. Eastern. That's when the Fed shows its hand on big bank capital health.
Enforcement actions are noise. Stress test timing is signal.
Numbers don't lie. People do. Trade accordingly.