Epstein Secrets

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3 January 2018 HY Corporate Credit HY Multi Sector,Media, Cable & Satellite HY Energy index at more realistic levels as 2016 OPEC deal exuberance fades In our 2017 Outlook report, we took a cautious

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3 January 2018 HY Corporate Credit HY Multi Sector,Meda Cable & Satellite (Figure 30: Relative alue - Higher Quality ally 894 UNIN Saner 15.19.3 •50 90 95.7156nRabre) 999 583 1050 BeaRatleY

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3January 2018 HY Corporate Credit HY Multi Sector,Media. Cable & Satellite TV Broadcasting ITV Broadcasting: Core & Total Revenue Ex-Political Performance & Guidance. ....••••• .0r ..A. . ,... 4

105% I% 130% 111% 163% 110% f 14.5% 10.2.W. 116% I :S61. 14.:% S TOTAL 15.2% 51111.

3January 2018 HY Corporate Credit HY Multi Sector,Media. Cable & Satellite '-Figure 11: Online sales growth for Apparel & Accessories accelerated in November tatccy Nov-16 Da3.16 Latin Fe6-17 •

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3 January 2018 HY Corporate Credit HY Multi Sector,Media, Cable & Satellite Worldwide Steel Consumption (Apparent Demand) In this section we explore global steel apparent demand trends. In Figure 20