The Fed just put two dates on the calendar that every bank trader needs to know.
The Fed just put two dates on the calendar that every bank trader needs to know. Two moves out of the Federal Reserve tonight.
Transcript
The Fed just put two dates on the calendar that every bank trader needs to know.
Two moves out of the Federal Reserve tonight.
First. Enforcement actions issued against a former Atlantic Union Bank employee and a former Frost Bank employee. Both named. Both former. Details on the Fed's enforcement page now.
Second. And this one moves markets. The Fed confirms annual bank stress test results drop Wednesday, June 24th. Four p.m. Eastern. That's ten days out. Every major bank holding company is in scope. Results hit after the close — so Thursday morning open is your reaction window.
Stress test day historically triggers volatility across the financials sector. XLF, KRE, individual bank names — all on notice. The Fed does not preview outcomes. You won't get a leak. You get the number at four and you react.
Mark June 24th. Four p.m. Eastern. That's the only certainty on the table right now.
Numbers don't lie. People do. Trade accordingly.