This is the Federal Reserve's asset chart. The Fed has been continuously providing liquidity to the market since last December, excluding January. Since this represents the Fed’s assets, an upward trend in the chart indicates liquidity injection. The simultaneous release of liquidity alongside TGA funds is currently having a temporary positive impact on the market. Had there not been additional fallout from the Iran conflict, U.S. markets—particularly cryptocurrencies including Bitcoin—might have seen significantly better results. I believe the situation would improve even further if Chairman Powell expresses negative views regarding further rate hikes, or if an official end to the Iran war is announced. #Fed #FederalReserve #KevinWarsh #Trump