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Bloomberg. We are on the bid and moving higher minute by minute.

Just short of all-time high. It's got that real

melt-up fill to start the year. Then we bumped into the Middle East

tensions, Lisa, but back on track again. Equity futures pushing higher.

What's interesting is we didn't really see a meltdown, right? I mean, made all of the sort of potentially

sensational headlines, the meltdown wasn't that significant, but the melt-up persists and sort of is the

dominant headline. I think that is the narrative driving 2020. This is surprised me. I got to be honest here. I mean, mean I knew we recover with good news and all that, but this is with it. I want to really emphasize to people driving worldwide. The vengeance of this melt up is extraordinary.

At least the breadth is actually pretty good out there at the moment.

82% I think of S&P 500 firms above their average for the past 200 days. It's not just some

massive companies dominating things, although they've done really well over the last 12 months,

some of the stocks out there outside of the big names are still up there.

If you've avoided stocks, you've been punished.

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