, Columnist
Stocks Rally Suggests Turning Point in Virus Fight
It might look cold-blooded that markets are surging while people are still dying. The curve is flattening, though.
Social distancing is working.
Photographer: ANGELA WEISS/AFP/Getty Images
This article is for subscribers only.
To get John Authers' newsletter delivered directly to your inbox, sign up here.
Death is a lagging indicator. Of all the sentences uttered during the coronavirus crisis, this is probably the ugliest. It is also accurate. If the rate of increase of deaths in a country is reducing, or particularly if the number of deaths is actually falling from day to day, it suggests that the turning point in the fight against the virus has already been reached.