Macro
Search catalysts, news stories, and pressures, or browse the trust-weighted news feed below.
month values ▾
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|
| -0.05 | +0.00 | -0.38 | -0.48 | +0.00 | -0.51 | +0.05 | +0.05 | +0.05 | -0.20 | -0.59 | -0.10 |
The finance sector is under pressure this month, driven primarily by a deepening sell-off in the junk-bond market as default fears mount. Investor caution has intensified, weighing on risk appetite and contributing to a modestly bearish sentiment despite broader macro stability.
How this mood is scored ▾
Michael Milken, a key figure at Drexel Burnham Lambert, was indicted on federal racketeering and fraud charges tied to insider trading that allegedly generated $1.85 billion. The case, involving Milken, his brother, and a former colleague, underscores systemic misconduct on Wall Street and may lead to significant market reforms. Drexel, already facing civil charges, agreed to plead guilty to six felonies and pay $650 million, signaling major implications for financial industry oversight and investor confidence.