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bank shares to rise. If the BoJ does move to make policy more flexible, we think the focus will be on JGBs, rather than on negative interest rates. Chart Pack: 3 EFTA_R1_00106914 EFTA01785102 Nasdaq Bio Tech Index: Buy Calls on Bio-Tech US Investment Grade ETF, (LQD in white) and (Shares Outstanding i
(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 Basket' This chart is a danger for risk parity funds as bond/equity correlat
bank shares to rise. If the BoJ does move to mak= policy more flexible, 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
s. 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-family:"Verdana","sans-=erif—> Short the BAML "Weak USD Winne=s Equity Custom Basket" <=s
bank shares to rise. If the Sal does move to make policy more flexible, we think the focus will be on JGBs, rather than on negative interest rates. Chart Pack: 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
(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 BAML "Weak USD Winners Equity Custom Basket" This chart is a danger for risk
Entities connected to both Chart Pack and Regional Bank ETF

Jeffrey Epstein
PERSONAmanda
PERSONIG Credit
ORGANIZATIONPost Strong US Payroll Data
ORGANIZATIONThe Bank of Japan's
ORGANIZATIONJGB Futures
ORGANIZATIONPost Q2
ORGANIZATIONMacro Equity & Global Alpha
ORGANIZATIONUtilities
ORGANIZATION
Richard Kahn
PERSONHealthcare and Technology
ORGANIZATION
Green
PERSONUSD Strength Trade
ORGANIZATION
Health Care
ORGANIZATIONBuy Healthcare & Biotech
ORGANIZATIONAmanda Ens
PERSONPierce, Fenner & Smith Incorporated
ORGANIZATION