The most-read Bloomberg News reports from the past week are listed below. The rankings are based on daily statistics through Jan. 29. See NI READSUMS for previous lists.
1. Traders Are Pulling Money From VIX Funds Like Never Before
(Bloomberg) -- While stocks are having a chaotic start to the year, investors are withdrawing money from securities that profit from higher volatility at the same time as short sellers are piling into bets that tranquility will return.
2. Japan Adopts Negative-Rate Strategy to Aid Weakening Economy
(Bloomberg) -- Bank of Japan Governor Haruhiko Kuroda sprung another surprise on investors Friday, adopting a negative interest-rate strategy to spur banks to lend in the face of a weakening economy.
3. U.S. Stocks Slump as Oil Resuming Rout Fuels Debt, Gold Demand
(Bloomberg) -- U.S. stocks halted a two-day rebound, with losses piling up in the last hour of trading as crude oil resumed a selloff that has rocked financial markets this year. Commodity-linked currencies slid as investors sought refuge in haven assets from gold to Treasuries.
4. Morgan Stanley Names 156 Managing Directors in Latest Class
(Bloomberg) -- Morgan Stanley named 156 employees to the title of managing director, five more than last year.
5. U.S. Stocks Rally Amid Earnings as Crude Shrugs Off China Slump
(Bloomberg) -- U.S. stocks advanced, with the Dow Jones Industrial Average notching its best day of the year, as investors looked past another rout in Chinese stocks to focus on a rally in crude, corporate earnings and the start of the Federal Reserve’s first policy meeting since turmoil gripped financial markets.
6. U.S. Stocks Fall as Fed Sees Risks, Apple Sinks; Crude Advances
(Bloomberg) -- U.S. stocks retreated as the Federal Reserve signaled that financial-market turmoil may pose risks to its outlook for the U.S. economy, while largely maintaining its policy stance. The dollar extended losses versus the euro, while two-year Treasuries rose.
7. U.S. Stocks Rally on Busy Earnings Day as Crude Extends Rebound
(Bloomberg) -- U.S. stocks climbed as a rally in oil bolstered energy shares and investors digested earnings from Facebook Inc. to Under Armour Inc. Developing-nation equities rose on speculation the Federal Reserve will hold off on more policy tightening anytime soon.
8. Alan Howard Predicts ‘Exceptional’ Trading Opportunity
(Bloomberg) -- Billionaire hedge fund manager Alan Howard says there will be “exceptional opportunities” to make money in 2016 because of divergent monetary policies and as four years of low market volatility comes to an end.
9. Ex-Harvard Duo Said to Plan Hedge Fund After Exiting Endowment
(Bloomberg) -- Satu Parikh and Marco Barrozo, former senior managers of Harvard University’s endowment, plan to start a hedge fund to exploit pricing inefficiencies in commodities and fixed-income markets.
10. Paulson Pledges Personal Holdings to Back Firm After Assets Fall
(Bloomberg) -- John Paulson, the hedge fund manager struggling with uneven returns since his windfall wager against U.S. housing in 2007, is turning to his own fortune to help backstop his firm.
1. Trump Bungled the Deal of a Lifetime: Timothy L. O’Brien
(Bloomberg View) -- Here comes Donald Trump, again, and again, and again, touting his prowess at dealmaking. There goes Donald Trump, again, and again, and again, touting his prowess at dealmaking. Gliding into February’s Republican presidential primaries atop a flotilla of polls, Trump has made “deals” the litmus test of his candidacy.
2. What the Fed Will and Won’t Do This Week: Mohamed A. El-Erian
(Bloomberg View) -- When Federal Reserve officials started a rate-hiking cycle last month, they hoped their widely telegraphed policy action would neither derail the recovery nor overly destabilize financial markets.
3. Bill Ackman Writes About His Anti-Index Fund: Matt Levine
(Bloomberg View) --If you run a hedge fund that loses 20 percent in a year, you have an obligation to be interesting in your annual investor letter, and Bill Ackman’s Pershing Square letter for 2015 is quite interesting.
4. Fed Acknowledges It Is Caught in a Bind: Mohamed A. El-Erian
(Bloomberg View) -- Pity the Federal Reserve. As it demonstrated again Wednesday, the central bank remains hostage to changing financial markets and global economic conditions. This is making it very hard for Fed officials to communicate a clear and consistent policy path that will be pursued for any significant period of time.
5. Donald Trump Changes the Game of Debates: Stephen L. Carter
(Bloomberg View) -- So it turns out that the presidential debates are a noncooperative game. There are advantages to a strategy of cooperating with others, but if you see a way to improve your position by defecting, nobody can force you back in. Maybe Donald Trump’s decision to pull out of the Republicans’ final televised debate before next week’s Iowa caucuses will even improve his standing in the polls. After all, it’s not like the news media will be talking about some other Republican candidate over the next few days. And if, as the months go by, other candidates follow Trump’s lead, we’ll likely see the end of the cattle-call-style debates that so depressingly saturate the electoral landscape.
1. Kuroda Says Negative Rate Adds to BOJ’s Options
(Bloomberg) -- Bank of Japan Governor Haruhiko Kuroda talks about policy and the nation’s economy at a press briefing in Tokyo.
2. South Africa Raises Key Rate to 6.75%: Kganyago
(Bloomberg) -- South African Reserve Bank Governor Lesetja Kganyago speaks at a news conference about the central bank’s decision to raise its key rate to 6.75 percent.
3. Japan’s Amari News Conference on Resignation
(Bloomberg) -- Japan’s Economy Minister Akira Amari speaks at a news conference about his decision to resign following allegations in a magazine that he and his staff received money from a construction company in exchange for favors.
4. Carson Block Explains His Short-Selling Strategy
(Bloomberg) -- Carson Block, founder and director of research at Muddy Waters, discusses his short on Casino Guichard Perrachon, his short-selling strategy, his winners and losers, and the focus of his new hedge fund.
5. BOE’s Carney Testifies to Treasury Committee
(Bloomberg) -- Bank of England Governor Mark Carney testifies before the U.K. Treasury Select Committee in London on the bank’s financial stability report.