John Authers, Columnist

The 'Greenspan Put' Beats a Correction, Once Again

New confidence in a Fed cut has overcome the market’s correction.

November 25, 2025 at 4:20 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.”

The correction gets corrected. — The correction gets corrected.
Photographer: Michael Nagle/Bloomberg

Provide news feedback or report an error

Site feedback:

Take our Survey

To get John Authers’ newsletter delivered directly to your inbox, sign up here.

The correction has been corrected. The Nasdaq 100 opened this week with its best daily performance since May, rallying by 2.6% as risk assets enjoyed a general rebound. But this appeared to owe more to changing interest rate expectations than any news from the big tech groups.