The Fed just put two dates on your calendar that every bank trader needs to know.

The Fed just put two dates on your calendar that every bank trader needs to know.

Two items off the wire. First — the Federal Reserve issued enforcement actions against a former Atlantic Union Bank employee and a former Frost Bank employee. No dollar figures released. Personnel actions, not institutional penalties. Watch both tickers for any secondary reaction.

Second — and this is the one that moves markets — the Fed has confirmed annual bank stress test results drop Wednesday, June 24th, 4 p.m. Eastern. That's your hard date. Every major bank holding company is in scope. Stress test results historically trigger same-day after-hours moves in the big names. JPM, BAC, WFC, GS, MS, C — circle that date now. Results come out at the close. Volatility follows.

Two weeks out. Position accordingly — or don't. That's your call, not mine.

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