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andle "The Great Rotation" as US equities continue to look more attractive than Fixed Income? Financials and Healthcare and Technology to outperform Utilities and Staples. USD should also benefit as the US yield curve steepens. There is a chart pack below. What is the Trade? 1. The Tail Hedge: Buy Puts
Nasdaq Bio Tech Index: Buy Calls on Bio-Tech US Investment Grade ETF, (LQD in white) and (Shares Outstanding in Green). Buy Puts on IG Credit. In JGB Futures, 150.60 is an important level for all global fixed income. Regional Bank ETF (KRE): Buy Calls on KRE Short the BAML "Weak USD Winners Equity Custom
"The Great Rotation" as US equities continue to look m=re attractive than Fixed Income? * * Financials and Health=are and Technology to outperform Utilities and Staples. * * USD should also benefit as the US yield curve steepens. * There is a chart pack below. <=>What is the Trade? 1. The Tail Hedge
xible, we think the focus will be on JGBs, rather than on =egative interest rates. Chart Pack: Nasdaq Bio Tech Index: Buy Calls on Bio-Tech=b> In JGB Futures, 150.60 is an impor=ant level for all global fixed income. <=span> Regional Bank ETF (KRE): Buy Calls on KRE=span style="font-size:10.0pt;font-fami
andle 'The Great Rotation" as US equities continue to look more attractive than Fixed Income? Financials and Healthcare and Technology to outperform Utilities and Staples. USD should also benefit as the US yield curve steepens. 2 EFTA_R1_01556441 EFTA02454604 There is a chart pack below. What is the
Nasdaq Bio Tech Index: Buy Calls on Bio-Tech US Investment Grade ETF, (LQD in white) and (Shares Outstanding in Green). Buy Puts on IG Credit. In JGB Futures, 150.60 is an important level for all global fixed income. Regional Bank ETF (KRE): Buy Calls on KRE 4 EFTA_R1_01556443 EFTA02454606 Short the
Entities connected to both Utilities and JGB Futures

Jeffrey Epstein
PERSON
Richard Kahn
PERSON
Sydney
LOCATION
Health Care
ORGANIZATION
Bank of America
ORGANIZATIONAmanda
PERSONRegional Bank ETF
ORGANIZATIONPierce, Fenner & Smith Incorporated
ORGANIZATIONMacro Equity & Global Alpha
ORGANIZATIONIG Credit
ORGANIZATIONPost Strong US Payroll Data
ORGANIZATIONThe Bank of Japan's
ORGANIZATIONChart Pack
ORGANIZATIONPost Q2
ORGANIZATIONAmanda Ens
PERSONUSD Strength Trade
ORGANIZATIONBofA Merrill
ORGANIZATION
Green
PERSONHealthcare and Technology
ORGANIZATIONBuy Healthcare & Biotech
ORGANIZATION