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national Incorporated (Seoul Branch) regulated by the Financial Supervisory Service; Merrill Lynch (Taiwan): Merrill Lynch Securities
ritten that US corporates in aggregate (including Financials) hold ~$2tn in cash overseas, and their work sugg
national Incorporated (Seoul Branch) regulated by the Financial Supervisory Service; Merrill Lynch (Taiwan): Merrill Lynch Securities
ives were hitting record over bought signals with Financials and Cyclicals seeing the opposite. Against the ba
N s+ ico} [o>} Lop} 12>} Lo>} Lop} Q Q Q OQ OQ = =— mm = Oo Oo oO Oo Oo Qo Qo Q QoQ Q Q Q Q ~~ — ~~ _ = —N N N N N N N N N 0 85 25885852825 mum Tech (MO Financials oo nk? i > > > 2 > = ~~ ) Discretionary (QW Industrials TONNE NNN NN NN i Staples GE Energy ems |_argest sector weight in the S&P500 = === Current =
Page: HOUSE_OVERSIGHT_023578 →egulated by The Financial Service Board; MLI (U Lynch (Australia): d, regulated by th Singapore (MAS); Merrill Lynch CV, Casa de Bolsa, regulated by Financial Supervisory Service; he Securities and onal del Mercado De ertill Lynch Kingdom of Saudi Ara This research report: has been approved imited regula by HKSFC is Singap
Page: HOUSE_OVERSIGHT_023609 →Entities connected to both the Financial Supervisory Service and MO Financials

Frankfurt
LOCATION
United Kingdom
LOCATION
Bank of America
ORGANIZATIONMerchant Bank
ORGANIZATION
Merrill Lynch Global Wealth Management
ORGANIZATION
Merrill Lynch
ORGANIZATIONthe Securities and Futures Bureau
ORGANIZATIONThe Financial Service Board
ORGANIZATION
Donald Trump
PERSONMerrill Lynch Argentina SA
ORGANIZATIONDSP Merrill Lynch Limited
ORGANIZATIONMerrill Lynch KSA Company
ORGANIZATION
Seoul
LOCATION
Michael Bloomberg
PERSONthe Prudential Regulation Authority
ORGANIZATIONMerrill Lynch (Asia Pacific) Limited
ORGANIZATION
Bank of America, N.A.
ORGANIZATIONthe Australian Securities and Investments Commission
ORGANIZATIONMerrill Lynch International Incorporated
ORGANIZATION
Bank of America Corporation
ORGANIZATION