Your Evening Briefing
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A wild week for markets shook financial hubs from New York to Hong Kong—and gave whiplash to your average investor. Friday saw U.S. equities swing between big gains and three-month lows, before ending the worst week in two years on a positive note. Not everyone missed the signs of the impending volatility; one tiny hedge fund in Denver just made 8,600 percent on a VIX bet. So here’s to spending the weekend recovering on the couch, watching the Winter Olympics. —Katie Robertson
Has anyone seen the president? Bloomberg View columnist Michael Lewis went to Washington in search of Donald Trump. He wound up attending a White House press briefing, witnessing the president’s return from Davos, and lunching with former ethics watchdog Walter Shaub. But watching the State of the Union with Steve Bannon was the highlight. Lewis writes: "What Bannon thinks, I'm guessing, is that Trump does not understand how he got elected. He doesn’t understand the power of the anger he’s tapped, almost by accident. And he likely never will."