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ients maintain their strategic allocation to US equities. HOUSE_OVERSIGHT_026905 --- PAGE BREAK --- Sources: Investment Strategy Group, Bloomberg, Datastream, Goldman Sachs Global Investment Research, Haver. Endnotes: (1) Kate Davidson and Sarah Chaney, “Fed Chair Powell Sees ‘Remarkably Positive Set of E
Page: HOUSE_OVERSIGHT_026906 →tion is intended only to facilitate your discussions with the applicable Goldman Sachs entity including, but not limited to, Goldman Sachs & Co. LLC, Goldman Sachs International, Goldman Sachs AG, Goldman Sachs Bank (Europe) plc, Goldman Sachs Paris Inc. et Cie., Goldman Sachs (Monaco) S.A.M., Goldman Sachs Saudi Arabia, Gold
Page: HOUSE_OVERSIGHT_026906 →ation to US equities. HOUSE_OVERSIGHT_026920 --- PAGE BREAK --- Sources: Investment Strategy Group, Bank for International Settlements, Bloomberg, Datastream, Goldman Sachs Global Investment Research, Haver, International Monetary Fund, Teneo Intelligence. Endnotes: (1) Kate Davidson and Sarah Chaney, “F
Page: HOUSE_OVERSIGHT_026921 →tion is intended only to facilitate your discussions with the applicable Goldman Sachs entity including, but not limited to, Goldman Sachs & Co. LLC, Goldman Sachs International, Goldman Sachs AG, Goldman Sachs Bank (Europe) plc, Goldman Sachs Paris Inc. et Cie., Goldman Sachs (Monaco) S.A.M., Goldman Sachs Saudi Arabia, Gold
Page: HOUSE_OVERSIGHT_026921 →(The Wall Street Journal, July 24, 2009). Sources: Investment Strategy Group, Dow Jones, Peterson Institute for International Economics, Bloomberg, Datastream, Platts. The Goldman Sachs Global Investment Research referred to in this email may be available by requesting a copy from your Private Wealth Prof
aterial has been approved for issue in the United Kingdom solely for the purposes of Section 21 of the Financial Services and Markets Act of 2000 by Goldman Sachs International ("GSI"), Peterborough Court, 133 Fleet Street, London EC4A 2BB authorised and regulated by the Financial Services Authority; by Goldman Sachs Canad
n el Registro de Valores correspondiente. Dubai: Goldman Sachs International ("GSI"} is authorised and regulated by the Dubai
isis highs. % 700 639 600 500 + 400 300 + 1951 1959 1967 1975 1983 1991 1999 2007 2015 Data through 03 2016. Source: Investment Strategy Group, Datastream. The anemic (but steady) pace of this recovery has fueled a debate about its causes. The theories fall into six categories: e A “hangover” from the
Page: HOUSE_OVERSIGHT_014542 →Entities connected to both Datastream and Goldman Sachs International

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Donald Trump
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Goldman Sachs
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Chile
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Seoul
LOCATIONGoldman Sachs Canada
ORGANIZATIONthe Prudential Regulation Authority
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Bloomberg L.P.
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Marc Rich
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Jeffrey Epstein
PERSONThe Investment Strategy Group
ORGANIZATIONThe Monetary Authority of Singapore
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Eurozone
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Frankfurt
LOCATIONGoldman Sachs & Co. LLC
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Peterborough Court
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Michael Bloomberg
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