John Authers, Columnist

Ignore the Noise. This Is a Classic Cyclical Recovery

Strip out worries about the coronavirus, and the basic picture is of an economy roaring back.

December 8, 2020 at 5:00 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.”

Doubt the recovery? Look at iron ore.
Photographer: Vincent Mundy/Bloomberg

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Blanking out the noise from American and European politics, and the ever more dramatic news about the fight against the pandemic, the story the markets tell about the last few weeks is quite clear. We are in the presence of a classic cyclical recovery.