The public appetite for more information about Covid-19 is understandably insatiable. Social scientists have been quick to respond. They are writing papers at a record pace, and academic journals are expediting the review process so that these new, exciting results can be published in a timely and newsworthy manner. While I understand the impulse, the rush to publish findings quickly ...

Bloomberg Once again, when stocks rally, it’s Europe that’s left behind. With the S&P 500 about 30% above its March lows, the Stoxx 600 index has lagged behind with a 21% bounce, despite having fallen more than the US in the global selloff sparked by the coronavirus pandemic. The reason? For starters, there’s the market’s makeup: Europe has a large ...

Bloomberg Behind the big recovery in stocks has been a loose consortium of new and old buyers, each responding to a distinct storyline. Traders banking on the Federal Reserve, market novices bent on picking the bottom, and people convinced megacap tech is invincible. Whether they will be enough to sustain a lasting rally is the next urgent question for bulls, ...