oliver: here's reporter dani burger. 's looking at characteristics of stocks, rather than companies are fundamentals. theyer they are peak, don't swing very much, or whether they have momentum. you can already buy etf's that isolate those single factors. what multifactor does is takes all of those and steps as many as they can into one etf wrapper. you buy one product that is low volatility and quality stocks, all those together. oliver: that sounds like a lot of things to fit into one cohesive strategy. what makes it appealing? is appealing because first of all, there are the tax reasons. the classic etf, that they are cheaper. investors want these four core product, at least, that's what they are billed for. rather than owning the s&p 500 is your main core thing you hold on for a while, you will him to this. you don't need to buy a bunch of different etf's. carol: it controls are for polio automatically. dani: it's almost geared to a retail lot he ends, it's like hey, don't worry about it. we have this math builds portf

oliver: here's reporter dani burger. factor investing, which is looking at characteristics of stocks, rather than companies or fundamentals. so for example, whether they are cheap, they don't swing very much, or whether they have momentum. you can already buy etf's that isolate those single factors. but what multifactor does is it takes as many of those as they can and stuffs them into one etf wrapper. so you buy one single product that is low volatility, quality stock, all of those together. oliver: that sounds like a lot of things to fit into one cohesive strategy. so what makes it appealing? dani: is appealing because first of all, there are the tax reasons. the classic etf, that they are cheaper. but a lot of times what investors want these four is sort of -- what investors want these for is sort of a core product, at least, that's what they are built for. rather than owning the s&p 500 is your main core thing you hold on for a while, you will him to this. you don't need to buy a bunch of different etf's. carol: it c

kicking these off is bloomberg stoxx reporter, dani burger. >> i have been looking at one group of investorsthe bears. they have the most people experience in the most four years -- in the last four years. i have the goldman sachs basket and look what happened over this past week during this postelection rally. on the bottom i have the one week rate of change. at the bottom, this is a 10% increase. these heavily shorted stocks fall -- saw that last week. too happy,ot although other investors might be happy about this rally. #bcb.n look at that at g, vonnie: mark barton, beat that. if you want simplicity, i like to go for multi-lines and multi-colors, but i am keeping it simple. we have had the likes of italy sell long dated bonds, we are talking 50 plus years. that is because of the low yield. if trumps -- is trumps election victory a bad omen? ago,a matter of weeks vonnie, if you invested 100 million euros in this bond, last friday, you would be sitting on a 13 million euro loss. it's the ecb decides to take her -- taper, these would be suffered by this type of long day. the theory is that

dani burger, stock reporter joins us. you have a fascinating piece on the bloomberg today. bets. >> these are both computer-based, use coats to trade, one is called ctas. and will adjust. -- it will adjust. david: commodity trading advisors. >> yes. they are not just commodities, they are in equities as well. they have a record short exposure to u.s. equities. it is the second shortest in history. second only to august 2015. that was not a great time for u.s. stocks. david: they are betting bit against the stock market. >> right. we have a group called equity long short funds. like the name says, they will long some things or short some things. make a very specific that. they are the most bullish ever on u.s. stocks in nine-month. two every opposite bets, but they cannot be both right. one of them is going to have to adjust. assuming volatility picks up, which may be a safe assumption, they will exacerbate the issue. david: how could the election affected? stocks will one way or the other, the way these funds operate, because they are so stretched, they will have to compens

kicking things off today is dani burger.ing at market volatility and how that relates to the election. for a while, market volatility had been low. in the blue, i have bank of america's options pricing for how volatile investors think assets are going to be and this is a class equities, bonds, you name it. this has been pretty low and not moving with clinton's odds of moving and being elected. over here we have brexit. this risk indicator spikes up. i have the correlation of not much happening and editing back-and-forth, but look what has happened closer to the election. 's odds surging, a sure thing, markets like things that are not confusing and things to bet on, so market all to live the falls, the lowest since december 2014, but look what happens. rehab getting here closer to the election little bit of nerve kicking in. and e-mail scandal recently with clinton spikes in that. this is a five day increase, the most in market risk since brexit , so investors are getting more nervous right now pass to get closer to the elect

thankan: dani burger, you. let me get you up to speed. all time highs. we kissed 19 k on the dow.other board very quickly. other asset classes for you brent crude holding steady. treasuries with a big yields. and marginal dollar strengthened as well. $ yen at 1.11. your markets wrap from new york. a worker second equity. -- a record-setting equity. this is bloomberg. ♪ vonnie: it's 10:00 in new york and 11:00 p.m. in hong kong. mark: i'm mark barton, welcome to bloomberg markets. ♪ vonnie: we will take you from chicago to divide and cover stories in the u.k., walls and washington. -- wall street and washington. we go straight to julie hyman, looking at economic data. existing home sales coming out an annual pace of 5.8 million homes. 5.4 4 million was the estimate from economists. this means a gain over 2%. that is better than the drop that was estimated. richmond fedhe manufacturing index coming in with the reading of cointreau, a rebound from negative for -- with a reading of