John Authers, Columnist

Recovery Profits Are Hot. So Is Inflation Chatter

Keep an eye on margins: They may reveal whether the post-pandemic rebound really is leading to overheating.

April 27, 2021 at 6:28 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.”

Profits are up. There’s just one concern.
Photographer: KTSDESIGN/SCIENCE PHOTO LIBRARY/Getty Images

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There’s good news from first-quarter earnings season. So far, expectations of a swift and impressive rebound from the pandemic have been amply fulfilled. With about a quarter of companies in the S&P 500 having reported, it looks as though the market didn’t get too far ahead of itself.