Fed stress test results drop Wednesday, June 24th at 4 p.m.

Fed stress test results drop Wednesday, June 24th at 4 p.m. Eastern — mark it now.

Two items off the Fed wire today. First — the stress test date is set. June 24th, 4 p.m. Eastern. That's when we find out which banks pass clean, which ones sweat through the results, and how much capital the majors are actually carrying. Bank stocks build reaction trades around that release every single year. Be ready.

Second — the Fed dropped enforcement actions against a former Atlantic Union Bank employee and a former Frost Bank employee. Read that carefully: former employees. Individual-level actions. Not institutional penalties. Not a systemic flag. Two people. That distinction matters more than the headline.

Atlantic Union is on Nasdaq — ticker AUB. Frost Bank is the primary subsidiary of Cullen/Frost Bankers — ticker CFR on the NYSE. Neither institution was named in the enforcement action itself.

Bottom line — June 24th is your next major macro event for financials. Stress test results move bank stocks. Every single year. Be in position or be watching from the sideline.

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