Epstein Secrets

Asset allocation - Local risks and opportunities trump global forces in driving investment opportunities

ributes in the U.S. research published by non-U.S affiliates and accepts responsibility for its contents. Peri

he Bi hin the last ysts responsible for covering iliate was a manager of a pub compensa compensa ceive

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

ing Bank of America Merrill Lynch trading desks. filiate expects to receive or intends to seek compensatio

r- end target of 2.85% for the 10y rate (just above the median forecast). Long-term rates have remained low due to uncertainty around Fiscal policy (Trump’s plans on infrastructure spending), subdued inflation expectations and a slower than expected Fed hiking cycle. On the other hand, a near full-emplo