Epstein Secrets

FTA00396444 Leading European Sectors: Fin Services +1.43%, Trav/Les +1.03%, Basic Res +0.75% Lagging European Sectors: Telco -0.68%, Banks -0.66%, Utilities -0.43% HAIN guidance bit light — CERN bookings top — CALX eps beats ULTI #'s mixed — THOR sales topped — MYGN boosts forecast CHRW eps miss, revs

UBS: cracking the egg Lex • KPN: Slim pickings Lex • Japan can put people before profits FT • Be afraid, very afraid, of the tech crisis FT • Tesco's convenient truth — revealed The Times • Barclays' mis-selling bill to top £3.4bn The Times • Jim O'Neill to leave Goldman Telegraph • How thi

perspective. Financials are now trading around median relative valuation levels. Healthcare PE relative is at the bottom of the historical range and Utilities relative PE is also close to the prior low hit in 2013. Food & Beverage still commands a large premium and PE- relative is 6-10% above the 2010 / 201

sector is towards the higher range of its post-GFC range. UK supermarkets have had their relief rally. Despite challenges facing UK food retailers, Tesco has rallied 25% and Morrison’s 15% since Brexit as retail spending has held up and the short base grew massively immediately following the UK-EU vote

} where post EU referendum realised vol was the highest relative to current 1y ATMf vol. The 10 names are: Barclays, Aviva, Prudential, BT, Glencore, Tesco, CRH, BA, Standard Chartered & HSBC. Hedge portfolios against a buy-the-dip failure should a faster rate cycle ultimately jeopardize it he MSCI inc

BofA ML turned neutral in EM in the short-term Close positions from trades that have benefited thus far from the rally in Financials and weakness in Utilities; monetize view that Fed will not hike in September Take advantage of low near term vol and a steep term structure Unwind Oct/Jan spread and maintai

) where post EU referendum realised vol was the highest relative to current 1y ATMf vol. The 10 names are: Barclays, Aviva, Prudential, BT, Glencore, Tesco, CRH, BA, Standard Chartered & HSBC. Hedge portfolios against a buy-the-dip failure should a faster rate cycle ultimately jeopardize it Sell rich F

BofA ML turned neutral in EM in the short-term Close positions from trades that have benefited thus far from the rally in Financials and weakness in Utilities; monetize view that Fed will not hike in September Take advantage of low near term vol and a steep term structure Unwind Oct/Jan spread and maintai