Geopolitics Alpha

Inside Man: How Chinese spies used lies, love and betrayal to target the Federal Reserve

Published . Updated .

A CNBC investigation shows how former Fed advisor John Rogers became entangled with a man U.S. officials identify as a Chinese intelligence operative.

Directly affected

  • ROG Rogers

    Named in this report.

Indirectly affected

  • TLT iShares 20+ Year Treasury Bond

    Long-term bonds move when yields change

  • IEF iShares 7-10 Year Treasury Bond

    Treasury bonds move when yields change

  • SHY iShares 1-3 Year Treasury Bond

    Short-term bonds move when the Fed changes rates

  • SPY SPDR S&P 500

    Stocks move when the Fed changes the rate path

  • JPM JPMorgan Chase

    Bank profits move with lending and interest rates

  • BAC Bank of America

    Bank profits move with lending and interest rates

  • GS Goldman Sachs

    Bank profits move with lending and interest rates

  • XLF Financial Select Sector SPDR

    A fund of financial companies

  • KRE SPDR S&P Regional Banking

    Regional banks are sensitive to interest rates

  • FAS DIREXION DAILY FINANCIAL BULL 3X ETF

    GA selected FAS as a RELATED security because its canonical security name directly matches this event's themes: financial. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article.

Price reaction, T-5 to T+3

TickerT-5T-3T-1T0T+1T+2T+3
ROG———————
TLT———————
IEF———————
SHY———————
SPY———————
JPM———————
BAC———————
GS———————
XLF———————
KRE———————
FAS———————

A CNBC investigation shows how former Fed advisor John Rogers became entangled with a man U.S. officials identify as a Chinese intelligence operative.

Source: CNBC Top

Price since this story was published: Direxion Daily Financial Bull 3X Etf (FAS)

Since the first closing price after “Inside Man: How Chinese spies used lies, love and betrayal to target the Federal Reserve,” Direxion Daily Financial Bull 3X Etf (FAS) is +8.51%. The S&P 500 fund (SPY) is +0.33% over the same days, a +8.18% difference versus the market.

FAS
SPY

Who gains and who loses around Direxion Daily Financial Bull 3X Etf (FAS)

Companies mentioned with this story

  • FAS Direxion Daily Financial Bull 3X Etf

    For “Inside Man: How Chinese spies used lies, love and betrayal to target the Federal Reserve,” Direxion Daily Financial Bull 3X Etf (FAS) is linked, with no stored direction, medium confidence. Reason on file: GA selected FAS as a RELATED security because its canonical security name directly matches this event's themes: financial. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article

  • XLF Select Sector Spdr Tr

    Select Sector Spdr Tr (XLF) is linked, with no stored direction, medium confidence in the 30 Sep 2026 story “Inside Man: How Chinese spies used lies, love and betrayal to target the Federal Reserve.” Reason on file: Rate-policy changes can alter funding costs, net-interest margins, and financial-sector valuation

  • KRE Spdr Series Trust

    Spdr Series Trust (KRE) is linked, with no stored direction, medium confidence in the 30 Sep 2026 story “Inside Man: How Chinese spies used lies, love and betrayal to target the Federal Reserve.” Reason on file: Rate-policy changes can alter funding costs, net-interest margins, and financial-sector valuation

  • BTCZ T-Rex 2X Inverse Bitcoin Daily Target ETF

    In “Inside Man: How Chinese spies used lies, love and betrayal to target the Federal Reserve,” T-Rex 2X Inverse Bitcoin Daily Target ETF (BTCZ) is linked, with no stored direction, medium confidence. Reason on file: GA selected BTCZ as a RELATED security because its canonical security name directly matches this event's themes: target. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article

  • DOGG Ft Vest Djia Dogs 10 Target Income Etf

    For “Inside Man: How Chinese spies used lies, love and betrayal to target the Federal Reserve,” Ft Vest Djia Dogs 10 Target Income Etf (DOGG) is linked, with no stored direction, medium confidence. Reason on file: GA selected DOGG as a RELATED security because its canonical security name directly matches this event's themes: target. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article

  • FGSI Ft Vest Growth Strength & Target Income Etf

    For “Inside Man: How Chinese spies used lies, love and betrayal to target the Federal Reserve,” Ft Vest Growth Strength & Target Income Etf (FGSI) is linked, with no stored direction, medium confidence. Reason on file: GA selected FGSI as a RELATED security because its canonical security name directly matches this event's themes: target. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article

  • ITDB Ishares Lifepath Target Date 2030 Etf

    In “Inside Man: How Chinese spies used lies, love and betrayal to target the Federal Reserve,” Ishares Lifepath Target Date 2030 Etf (ITDB) is linked, with no stored direction, medium confidence. Reason on file: GA selected ITDB as a RELATED security because its canonical security name directly matches this event's themes: target. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article

  • ITDC Ishares Lifepath Target Date 2035 Etf Usd

    In “Inside Man: How Chinese spies used lies, love and betrayal to target the Federal Reserve,” Ishares Lifepath Target Date 2035 Etf Usd (ITDC) is linked, with no stored direction, medium confidence. Reason on file: GA selected ITDC as a RELATED security because its canonical security name directly matches this event's themes: target. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article

Direxion Daily Financial Bull 3X Etf (FAS)

The 30 Sep 2026 story “Inside Man: How Chinese spies used lies, love and betrayal to target the Federal Reserve” names Direxion Daily Financial Bull 3X Etf (FAS) because of this story.

For Direxion Daily Financial Bull 3X Etf (FAS), the reason on file says GA selected FAS as a RELATED security because its canonical security name directly matches this event's themes: financial. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article

A second company, Select Sector Spdr Tr (XLF), is listed for a different reason: Rate-policy changes can alter funding costs, net-interest margins, and financial-sector valuation

Dates and price levels for Direxion Daily Financial Bull 3X Etf (FAS)

FAS traded between 136.16 and 161.95 across 20 sessions. The latest close on file is 152.93. KRE traded between 67.80 and 72.65 across 20 sessions. The latest close on file is 69.27. XLF traded between 52.82 and 56.03 across 20 sessions. The latest close on file is 55.07.

How strong the case is around Direxion Daily Financial Bull 3X Etf (FAS)

46 out of 100

“Inside Man: How Chinese spies used lies, love and betrayal to target the Federal Reserve” scores 46 out of 100. The score uses 1 sources, and 13 linked companies.