While we will have more to say on yesterday’s bank stress test result soon – especially when it comes to the $6.4 trillion elephant in the room, namely banks’ commercial real estate exposure – here are the highlights of what the Fed revealed after the close on Wednesday courtesy of Goldman’s trading desk.
- Banks in aggregate on the test saw a max drawdown on stressed capital of 2.3%- this was the lowest we’ve seen in several years.
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https://www.zerohedge.com/markets/hedge-funds-have-never-been-more-short-us-banks
