John Authers, Columnist

Trump 2.0 Is Desperate Not to Make a 1.0 Mistake

Affordability and a repeat of second-year market corrections hang over the midterms.

December 10, 2025 at 5:17 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.”

Stumping in the Poconos.
Photographer: Adam Gray/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.

Traders scarcely seem to be living in the present. It’s been a dramatic year, asset prices have muddled through in good shape, and the imminent Federal Reserve meeting looks like a formality. It appears that we have another dramatic year to look forward to, and it’s not surprising attention is moving on.