John Authers, Columnist

Crash Lesson No. 1? Don't Ignore the Fed's Gusher

The fastest stock-market recovery has marched in tandem with the fastest money supply growth since records began.

June 9, 2020 at 4:00 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.”

There she blows.
Photographer: Prisma by Dukas/Universal Images Group/Getty Images

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Round trip has been completed. The fastest stock market collapse on record has been followed by the fastest recovery. As of the close of trading Monday in New York, the S&P 500 is, just, in positive territory for the year.