Epstein Secrets

in the Context of ISG Bubble Indicator 100% 5 80% | 60% - 40% | 20% | = A bubble-detection test that measures explosive price behavior based on the S&P 500’s price-to-dividend ratio! suggests only a 16% probability that the US stock market is currently in a bubble. = Bitcoin’s price performance, on the ot

ontinues to tighten; the small miss in claims is largely explained by Puerto Rico. = Chinese trade growth moderated; deals announced during President Trump’s visit are unlikely to reduce trade deficit. = Eurozone data came in mixed relative to consensus expectations, but still points to above-trend grow

se trade growth moderated; deals announced during President Trump’s visit are unlikely to reduce trade deficit. =

pace of growth to slow next year, a local peak in earnings HOUSE_OVERSIGHT_026895 --- PAGE BREAK --- growth has not signified an imminent peak in the S&P 500 historically. In fact, about 3/4ths of market peaks occurred more than two years after the peak in the growth rate of earnings. Moreover, stock marke

ion: Tension between the US and European Union eased significantly after a July 2018 deal between European Commission President Juncker and President Trump to “work together toward zero tariffs, zero non-tariff barriers and zero subsidies on non-auto industrial goods”. The coast is not totally clear give

between European Commission President Juncker and President Trump to “work together toward zero tariffs, zero non-t

a peak in EPS growth. While we do expect the pace of growth to slow next year, a local peak in earnings growth has not signified an imminent peak in the S&P 500 historically. In fact, about 3/4ths of market peaks occurred more than two years after the peak in the growth rate of earnings. Moreover, stock marke

ion: Tension between the US and European Union eased significantly after a July 2018 deal between European Commission President Juncker and President Trump to “work together toward zero tariffs, zero non-tariff barriers and zero subsidies on non-auto industrial goods”. The coast is not totally clear give

between European Commission President Juncker and President Trump to “work together toward zero tariffs, zero non-t

ital allocation update, tax reform, rising interest rates. Latest report: MCO rally has just begun; beneficiaries of the non-Health Care upside from Trump 1Q risks: Risks to the downside are courts not approving the HUM acquisition, lower- than-expected membership growth and higher than expected cost t

and AET pro forma HUM valuation ($160, 14x 2018E EPS of $11.40). Our AET standalone valuation multiple reflects AET's historical average discount to the S&P 500. Our AET pro forma HUM valuation multiple of 14x reflects upside levers to HUM synergy guidance and to reflect the improved long-term growth profile

ilar calm occurred during July ’83 and July ’86, when the index did not record a 5% drawdown from a peak in 136 and 135 days respectively. Last week the S&P 500 recorded its 11" session without a move larger than 0.5% in either direction. As a result, 10d realized vol stood at 3.31% as of 16-Jun. This is alr

upside on structurally challenged European banks & relatively more bearish outlook for US rates vs EU USDJPY and NKY the biggest beneficiaries of a Trump win Banks and Insurance are the most leveraged sector Banks and Insurance are the most leveraged sector China risk premium rising but A-shares vol

e Fund opened on July 1, 2014, it has returned 16.10%.'” In that period, the Fund’s largest month- to-month drawdown has been -1.4%, versus -8.9% for the S&P 500, -1.5% for the HFRX Absolute Return Index, -8.9% for the HFRX Global Hedge Fund Index and -5.3% for the HFRX Market Neutral Index. Performance and C

due to macro events on the horizon. We expect the Trump Presidency, additional “For example, Goldman Sac