|Banks execs planning dividends will feel sharp pains following Fed stress testing.|
- Gross domestic product declining 4% vs. 1.5%.
- Unemployment reaching 13%, vs. 11%.
- Home prices falling 21% vs. 11%.
- Equity markets declining 52% vs. 27%.
Once millennials get in on an upward trend, count on the market to head in the opposite direction.
It's a classic example of headline risk on a topic Wall Street would prefer to avoid.
Richard Cordray, the first director of the Consumer Financial Protection Board, has taken an aggressive tack. Now, it may be doing its job too well.
Morgan Stanley, Goldman Sachs and State Street clear thresholds - but barely