, Columnist
‘Go Big’ Reflation Bet Sees Virus Victory Assured
A sharp increase in economic activity is now the base case for markets.
Virus + vaccines = victory. The market sees only Vs.
Photographer: Scott Barbour/Getty Images
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It looks like I’m off the hook. Back on Oct. 8, 2018, I started a new chapter in life and reported to work at Bloomberg for the first time. That was also the day when U.S. stocks recorded an all-time high relative to bonds, and began a descent that would become an all-out collapse with the onset of the pandemic 17 months later.