Big Banks Flee Climate Coalition Formed to Reduce Carbon Emissions -- WSJ

WSJ12:00

U.S. bank reserves have fallen below 3 trillion dollars, reaching the lowest level since 2020.

The reserves of the Bank of America system have dropped below 3 trillion USD, reaching the lowest level since October 2020, which is an important Indicator regarding the Federal Reserve's decision to continue reducing its balance sheet. Data released by the Federal Reserve on Thursday showed that as of the week of January 1, bank reserves decreased by approximately 3.26 billion USD to 2.89 trillion USD. This is the largest weekly decline in two and a half years. This decline comes at the end of the year, forcing banks to cut balance sheet-intensive activities, such as repurchase agreement Trades, to enhance accounts to meet regulatory requirements. This means that Capital is flowing to places like the Federal Reserve's overnight reverse repurchase tool, away from the Federal Reserve's Other.

Global Market Report09:52

The Bank of America's U.S. stock reverse Indicators is close to issuing a "Short Sell" signal.

Gelonghui, January 3 | As the S&P 500 Index has increased by about 60% since the end of 2022, a reverse indicator from Bank of America is nearing a "Sell" signal. Strategists like Savita Subramanian stated that Bank of America's sell-side indicator (SSI) rose by 33 basis points to 57% in December, the highest level since early 2022; the indicator remains in the "neutral" zone but is only 1 percentage point away from the "Sell" critical point. Subramanian wrote: "Despite the increasing bullish calls raising complacency risks, our data shows that.

Gelonghui Finance06:18

Bank of America Options Spot-On: On January 2nd, 94,415 Contracts Were Traded, With 3.1 Million Open Interest

On January 2nd ET, $Bank of America(BAC.US)$ had active options trading, with a total trading volume of 94,415 options for the day, of which put options accounted for 48.9% of the total transactions,

Futu News05:30

Mortgage Applications Fall Sharply as Rates Rise

MT NewswiresJan 2 22:53

Express News | Morgan Stanley leaves the Climate Banks Organization as Wall Street giants experience a "wave of exits."

BreakingsJan 2 22:41