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Investment Strategy
e trends, starts others In the three weeks since Donald Trump’s election victory global markets have seen some dr
Global Cross Asset Strategy —- Year Ahead Bankof America The Trump inflection ape ce Investment Strategy 30 November 2016 Corrected Key takeaways ee « Market response to Trump is logical but moves have been frontlo
Page: HOUSE_OVERSIGHT_014432 →am Page for Full List of Contributors 10Y real rates. CNH a hedge vs trade risk. Trump extends some trends, starts others In the three weeks since Donald Trump’s election victory global markets have seen some dramatic moves. Som1e of those moves are extending trends that had already started — higher yields, hi
Page: HOUSE_OVERSIGHT_014432 →e. That is particularly the case if the Fed under President Trump is made more hawkish as our economists think it p
Page: HOUSE_OVERSIGHT_014437 →Settlements BLS: Bureau of Labor Statistics BOE: Bank of England BOJ: Bank of Japan CAGR: compound annual growth
% in 2017, with looser fiscal policy and still easy monetary policy in key countries. e And last but not least, we expect that while President-elect Trump’s initial policy measures with respect to tariffs and trade agreements risk jolting financial markets, as a self-described “deal maker” he will likel
Page: HOUSE_OVERSIGHT_014535 →and the resulting consensus view that the UK was destined for recession. Although the 20% decline in the trade-weighted sterling and rapid easing by the Bank of England were no doubt pivotal in avoiding that fate, the immediate impact of the Brexit referendum has been far less destructive than feared. But as we begi
Page: HOUSE_OVERSIGHT_014577 →Accountability & Reflection As the Governor of the Bank of England Mark Carney said in 2015, the “crisis and its af
he 19th Party Congress, which should usher in a new era with more focus on the quality of growth over the quantity. President Xi now awaits President Trump’s State visit to Beijing on November 84, Investors will likely be focused on issues ranging from trade to North Korea, though major breakthroughs app
Page: HOUSE_OVERSIGHT_012095 →growth over the quantity. President Xi now awaits President Trump’s State visit to Beijing on November 84, Investor
Page: HOUSE_OVERSIGHT_012095 →s continued their downward spiral, it took a year for the Rockefeller Family Trust, which owns 100% of the multifamily office's voting rights, to get McDonald's successor in place. It's hard to imagine a more dangerous situation for a financial-services firm to be in. Destabilized from within and without,
Page: HOUSE_OVERSIGHT_012099 →ed July 17, two months after suffering a stroke. Donald J. Mulvihill, 56. He was a managing director at Gold
Page: HOUSE_OVERSIGHT_013291 →a supporter of the medical use of marijuana. Died Nov. 23 of a heart attack at his home in Coconut Grove, Florida. Robin Leigh-Pemberton, 86. He was Bank of England governor from 1983 to 1993. Died Nov. 24. Matthew Bucksbaum, 87. The co-founder of General Growth Properties Inc., the second-biggest U.S. owner of
Page: HOUSE_OVERSIGHT_013301 →Entities connected to both Donald Trump and the Bank of England

Jeffrey Epstein
PERSON
Prince Andrew
PERSON
George W. Bush
PERSON
Bill Clinton
PERSON
Ghislaine Maxwell
PERSON
Marc Rich
PERSON
United States
LOCATION
Barack Obama
PERSON
Bloomberg L.P.
ORGANIZATION
John F. Kennedy
PERSONMaria Farmer
PERSON
Supreme Court
ORGANIZATION
Michael Jackson
PERSON
Harvey Weinstein
PERSONCourtney Wild
PERSON
Atlanta
LOCATIONDoug Band
PERSONthe Securities and Exchange Commission
ORGANIZATION
Philadelphia
LOCATION
United Kingdom
LOCATION