John Authers, Columnist

Emerging Markets May Lead the Coronavirus Rebound

That’s what happened the last time oil reached a bottom below $20 per barrel.

April 23, 2020 at 4:03 AM UTC

John Authers is a senior editor for markets and Bloomberg Opinion columnist. A former chief markets commentator at the Financial Times, he is author of “The Fearful Rise of Markets.”

China is deemed to have done a good job containing the virus.
Photographer: NICOLAS ASFOURI/AFP/Getty Images

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With the oil price again positive (never previously regarded as a great reason for celebration), and continuing signs that this wave of the coronavirus is coming under control in the U.S., we had a return to “risk-on” in markets Wednesday. But what exactly should investors be buying for the long term?