The New York Fed announced Thursday a dramatic increase in the size and scope of its overnight repo operations. Investors seem to be downplaying or ignoring the writing on the wall: We have a liquidity crisis on our hands. Don’t pay attention to what the Fed says, only look at what it does. The Federal…

Financial stocks hit an all-time high on Thursday for the first time since the financial crisis. The NYSE also rocketed higher, signaling more gains ahead in 2020. Financial and bank stocks look like a good bet to enjoy another bull market next year. The S&P 500 Financials sector made its way to an all-time high…