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 | +0.20 | +0.15 | +0.20 | +0.15 | +0.20 | +0.20 | +0.15 | -0.56 | -0.19 | +0.01 | +0.25 |
Financial markets absorbed the Fed’s $53B liquidity injection amid repo rates spiking to 0.10% — a sign of acute but contained funding stress. Despite the strain, the swift central bank response tempered dislocation fears, supporting a modestly positive sector read. The broader backdrop of stable policy transmission underpins resilience, keeping sentiment from deteriorating further.
How this mood is scored ▾
The New York Fed conducted emergency repo operations to stabilize funding markets after overnight borrowing rates surged to 10%, well above its target range. The move, triggered by Treasury issuance and tax flows, signals stress in short-term funding and may force the Fed to resume balance sheet expansion. Market participants warn of broader implications if the Fed loses control of short-term rates.
Charles Schwab has eliminated commissions on online U.S. stock, ETF, and options trading, triggering a sharp sell-off in rival brokerages TD Ameritrade and E-Trade. With only 3%–4% of revenue from commissions, Schwab aims to gain market share through increased assets, but the move pressures competitors with higher fee reliance, potentially accelerating a structural shift toward zero-commission models across the brokerage sector.
Charles Schwab is acquiring TD Ameritrade in a $26 billion all-stock transaction, creating a brokerage giant managing $5 trillion in assets. The merger responds to intense competitive pressure from zero-commission trading, forcing consolidation; Schwab CEO Walt Bettinger will lead the combined entity, while TD Ameritrade's Tim Hockey steps down. The deal aims to reduce costs and expand services, reshaping the retail investing landscape.