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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 →connection with its distribution in Canada; in the United States by Goldman Sachs & Co. LLC; in Hong Kong by Goldman Sachs (Asia)L.L.C.; in Korea by Goldman Sachs (Asia) L.L.C., Seoul Branch; in Japan by Goldman Sachs(Japan) Ltd; in Australia by Goldman Sachs Australia Pty Ltd (ACN 006 797 897); and in Singapore by Goldman S
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 →connection with its distribution in Canada; in the United States by Goldman Sachs & Co. LLC; in Hong Kong by Goldman Sachs (Asia)L.L.C.; in Korea by Goldman Sachs (Asia) L.L.C., Seoul Branch; in Japan by Goldman Sachs(Japan) Ltd; in Australia by Goldman Sachs Australia Pty Ltd (ACN 006 797 897); and in Singapore by Goldman S
Page: HOUSE_OVERSIGHT_026921 →I"}; Goldman Sachs Singapore} Pte ("GSSP"} and/or Goldman Sachs (Asia) LLC ("GSALLC”). n Australia, this document, and any a
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 (Asia) L.L.C.

United Kingdom
LOCATIONthe Dubai Financial Services Authority
ORGANIZATIONthe Prudential Regulation Authority
ORGANIZATION
Chile
LOCATIONThe Monetary Authority of Singapore
ORGANIZATION
Donald Trump
PERSON
Goldman Sachs International
ORGANIZATION
the European Commission
ORGANIZATION
Seoul
LOCATION
Goldman Sachs
ORGANIZATION
Michael Bloomberg
PERSON
Federal Reserve
ORGANIZATIONGoldman Sachs & Co. LLC
ORGANIZATION
United Arab Emirates
LOCATIONThe Investment Strategy Group
ORGANIZATIONthe Investment Management Division
ORGANIZATIONMaziar Minovi
PERSON
Marc Rich
PERSON
Rupert Murdoch
PERSON
European Union
ORGANIZATION