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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| +0.25 | -0.53 | -0.56 | +0.30 | +0.30 | +0.30 | +0.30 | +0.30 | +0.30 | +0.35 | +0.35 | -0.32 |
Despite Wells Fargo’s $110 million settlement over fake accounts weighing on sector sentiment, broader financial conditions remained resilient, supported by stable credit metrics and strong capital ratios across major banks. Regulatory scrutiny remains a persistent backdrop, but not sufficient to offset underlying strength in balance sheets and loan demand. The sector’s reaction reflects confidence in containment of legacy conduct issues amid a solid macro environment.
How this mood is scored ▾
An executive order directed the Treasury to reassess post-crisis banking regulations, while a separate memorandum delayed implementation of a rule requiring brokers to act in retirement savers' best interest. Bank stocks rallied on hopes for lighter-touch regulation.
Bitcoin rose from under $1,000 to nearly $20,000 in 2017, driven by speculative trading and growing financial interest despite regulatory actions by China's PBoC and an SEC rejection of a Winklevoss ETF. Market volatility spiked, with a sharp 30% correction following the peak, signaling both heightened investor enthusiasm and emerging risks. Entities involved include major exchanges like Huobi and OKCoin, the SEC, and Wall Street analysts, with implications for cryptocurrency market maturity and regulatory scrutiny.
Cboe Global Markets launched the first U.S.-regulated bitcoin futures, beating CME to market and enabling institutional investor participation. The cash-settled XBT futures, priced off Gemini’s auction, mark a step toward crypto legitimization and could pave the way for a bitcoin ETF. Increased regulation and trading tools may stabilize sentiment amid bitcoin's extreme volatility.