, Columnist
The Banking Crisis Changed Nothing, and Everything
How markets got their mojo back after the turmoil in March. Plus, would Americans even know if they had it good? Depends on their politics.
What kind of turning point was that?
Photographer: Justin Sullivan
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Things are looking up. Last week’s US inflation numbers were genuinely good, as I laid out in this video made with my Bloomberg Opinion colleagues, and arrested a sharp rise in bond yields. The main stock market indexes continue to set highs not seen since the spring of 2022, when the inflation scare was taking shape.