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EFTA00239158

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esent over 25% of the value of the index. This has made the S&P 500 more sensitive to the draw down in tech stocks. • The media is also focused on Trump comments directed at the Federal Reserve. The Fed is supposed to be an apolitical body, there may have been some reaction later in the day to Trump'

e may have been some reaction later in the day to Trump's comments, as its not typical to see a President

I; Klein, Matthew ; McNamara, Sean [- Subject: Volatile Markets Attachments: A bull market resetting, not an ending.pdf Scott/Ghislaine, 1 I; Tomkiewicz, Jessica We are reaching out to let you know we are monitoring data and comments from a variety of sources on the dramatic sell off in equities. We

EFTA00239162

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s made the S&P 500 more sensitive to the draw down in tech stocks. CONFIDENTIAL UBSTERRAMAR00003832 EFTA00239164 • The media is also focused on Trump comments directed at the Federal Reserve. The Fed is supposed to be an apolitical body, there may have been some reaction later in the day to Trump'

e may have been some reaction later in the day to Trump's comments, as its not typical to see a President

k, NY 10019 Phone: Fax: From: Casriel, Lyle Sent: Friday, October 12, 2018 11:21 AM To: 'Scott Borgerson' Cc: Stackman, Scott; Klein, Matthew; Tomkiewicz, Jessica; McNamara, Sean; Prost, Brittany Subject: RE: Volatile Markets Adding Brittany. Let's make it Spm. From: Scott Borgerson [mailto: Sent:

EFTA00091671_email_007

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e may have been some reaction later in the day to Trump's comments, as its not typical to see a President

kman, Scott [email protected] Klein, Matthew McNamara, Sea Volatile Markets A bull market resetting, not an ending.pdf Scott/Ghislaine, ; Tomkiewicz, Jessica We are reaching out to let you know we are monitoring data and comments from a variety of sources on the dramatic sell off in equities. We