One year since "ample liquidity"

What a year (plus one day) it has been since Secretary of the Treasury Steve Mnuchin tweeted that he spoke to the CEOs of the 6 largest banks and confirmed that they all had ample liquidity. For those that don’t remember, Mnuchin seems to have tweeted reassurance on a non-existent liquidity crisis.

The low point was close on 12/24. The markets began to rally on 12/26 and despite a few dips, it never looked back hitting all time highs 33 times in 2019.

I recall conversations a year ago at this time to be very ominous and it was hard not to be. Yet here we are standing on Christmas Eve at all time highs despite a President impeached and political strife.

All signs and charts that I have been reading are pointing towards the bull market continuing in 2020. I’m going to remain cautiously optimistic as I continue to invest. When all signs point one way, this market seems to do the opposite.