Geopolitics Alpha

Fed Chair Kevin Warsh Is Now Free to Unleash His Inner Hawk

Published . Updated .

Key takeaways

  • Exposed: BAC, DHI, TLT, IEF, JPM
  • Market reaction: DHI −3.9% on the day (still updating); BAC +0.1% on the day (still updating); TLT −1.7% on the day (still updating)

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GEOPOLITICS ALPHAFed Chair Kevin Warsh Is Now Freeto Unleash His Inner HawkGEOPOLITICS ALPHA

This report is about US interest rates.

Directly affected

  • No company is named in this report.

Indirectly affected

  • TLT iShares 20+ Year Treasury Bond ETF-2.8% 30d

    iShares 20+ Year Treasury Bond ETF: Treasury bond prices move with interest-rate expectations. Linked by “fed” (US interest rates) in this story.

  • IEF iShares 7-10 Year Treasury Bond ETF-1.2% 30d

    iShares 7-10 Year Treasury Bond ETF: Treasury bond prices move with interest-rate expectations. Linked by “fed” (US interest rates) in this story.

  • JPM JPMorgan Chase+0.1% 30d

    JPMorgan Chase (national commercial banks): rate changes move lenders' margins and borrowers' demand. Linked by “fed” (US interest rates) in this story.

  • BAC Bank of America-11.4% 30d

    Bank of America (national commercial banks): rate changes move lenders' margins and borrowers' demand. Linked by “fed” (US interest rates) in this story.

  • DHI D.R. Horton+8.0% 30d

    D.R. Horton (operative builders): rate changes move lenders' margins and borrowers' demand. Linked by “fed” (US interest rates) in this story.

  • SCHW The Charles Schwab

    The Charles Schwab (security brokers, dealers and flotation companies): rate changes move lenders' margins and borrowers' demand. Linked by “fed” (US interest rates) in this story.

Price reaction, T-5 to T+3

TickerT-5T-3T-1T0T+1T+2T+3
TLT-1.07%-0.05%base-1.66%after closeafter closeafter close
IEF-0.68%+0.21%base-1.01%after closeafter closeafter close
JPM-1.14%-1.31%base+0.23%after closeafter closeafter close
BAC-1.83%-1.53%base+0.06%after closeafter closeafter close
DHI-6.68%+1.29%base-3.93%after closeafter closeafter close
SCHW-3.73%-0.15%base+0.92%after closeafter closeafter close

Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.

Fed Chair Kevin Warsh Is Now Free to Unleash His Inner Hawk Bloomberg.com

Source: Bloomberg

Price since this story was published: Bank Of America (BAC)

CompanyWhenMoveStatus
Bank Of America (BAC)that day+0.06%still updating
Bank Of America (BAC)three days earlier-1.53%final price
Bank Of America (BAC)five days earlier-1.83%final price
Horton D R (DHI)that day-3.93%still updating
Horton D R (DHI)three days earlier+1.29%final price
Horton D R (DHI)five days earlier-6.68%final price
Ishares Tr (IEF)that day-1.01%still updating
Ishares Tr (IEF)three days earlier+0.21%final price
Ishares Tr (IEF)five days earlier-0.68%final price
Jpmorgan Chase (JPM)that day+0.23%still updating
Jpmorgan Chase (JPM)three days earlier-1.31%final price
Jpmorgan Chase (JPM)five days earlier-1.14%final price
Schwab Charles (SCHW)that day+0.92%still updating
Schwab Charles (SCHW)three days earlier-0.15%final price
Schwab Charles (SCHW)five days earlier-3.73%final price
Ishares Tr (TLT)that day-1.66%still updating
Ishares Tr (TLT)three days earlier-0.05%final price
Ishares Tr (TLT)five days earlier-1.07%final price

Trades by members of Congress and officials in the stocks in this story

Public disclosure filings, not a recommendation. The filing link is the source document. News use of these reports still sits under 5 U.S.C. § 13107(c).

Who is named in “Fed Chair Kevin Warsh Is Now Free to Unleash His Inner Hawk”

Companies mentioned with this story

  • BAC Bank Of America

    For “Fed Chair Kevin Warsh Is Now Free to Unleash His Inner Hawk,” Bank Of America (BAC) is linked, with no stored direction, medium confidence. Reason on file: Bank of America (national commercial banks): rate changes move lenders' margins and borrowers' demand. Linked by “fed” (US interest rates) in this story

  • DHI Horton D R

    Horton D R (DHI) is linked, with no stored direction, medium confidence in the 10 Nov 2026 story “Fed Chair Kevin Warsh Is Now Free to Unleash His Inner Hawk.” Reason on file: D.R. Horton (operative builders): rate changes move lenders' margins and borrowers' demand. Linked by “fed” (US interest rates) in this story

  • TLT Ishares Tr

    In “Fed Chair Kevin Warsh Is Now Free to Unleash His Inner Hawk,” Ishares Tr (TLT) is linked, with no stored direction, medium confidence. Reason on file: iShares 20+ Year Treasury Bond ETF: Treasury bond prices move with interest-rate expectations. Linked by “fed” (US interest rates) in this story

  • IEF Ishares Tr

    Ishares Tr (IEF) is linked, with no stored direction, medium confidence in the 10 Nov 2026 story “Fed Chair Kevin Warsh Is Now Free to Unleash His Inner Hawk.” Reason on file: iShares 7-10 Year Treasury Bond ETF: Treasury bond prices move with interest-rate expectations. Linked by “fed” (US interest rates) in this story

  • JPM Jpmorgan Chase

    Jpmorgan Chase (JPM) is linked, with no stored direction, medium confidence in the 10 Nov 2026 story “Fed Chair Kevin Warsh Is Now Free to Unleash His Inner Hawk.” Reason on file: JPMorgan Chase (national commercial banks): rate changes move lenders' margins and borrowers' demand. Linked by “fed” (US interest rates) in this story

  • SCHW Schwab Charles

    For “Fed Chair Kevin Warsh Is Now Free to Unleash His Inner Hawk,” Schwab Charles (SCHW) is linked, with no stored direction, medium confidence. Reason on file: The Charles Schwab (security brokers, dealers and flotation companies): rate changes move lenders' margins and borrowers' demand. Linked by “fed” (US interest rates) in this story

How “Fed Chair Kevin Warsh Is Now Free to Unleash His Inner Hawk” reaches Bank Of America (BAC)

The 10 Nov 2026 story “Fed Chair Kevin Warsh Is Now Free to Unleash His Inner Hawk” names Bank Of America (BAC) because of this story.

What ties Bank Of America (BAC) to the headline is this: Bank of America (national commercial banks): rate changes move lenders' margins and borrowers' demand. Linked by “fed” (US interest rates) in this story

Horton D R (DHI) is here too. Its reason reads: D.R. Horton (operative builders): rate changes move lenders' margins and borrowers' demand. Linked by “fed” (US interest rates) in this story

The price range for Bank Of America (BAC), and the dates in the story

BAC traded between 49.17 and 54.92 across 20 sessions. The latest close on file is 49.66. DHI traded between 130.44 and 161.93 across 20 sessions. The latest close on file is 155.62. TLT traded between 76.44 and 80.56 across 16 sessions. The latest close on file is 79.46.

What the saved facts support for Bank Of America (BAC)

54 out of 100Price not final

“Fed Chair Kevin Warsh Is Now Free to Unleash His Inner Hawk” scores 54 out of 100. The score uses 2 sources, and 6 linked companies. The price is not final yet.