Epstein Secrets

warded message: From: "Ens, Amanda" <j Subject: 2016 Election: Tax Changes Expected Date: December 15, 2016 at 9:51:37 AM EST To: Richard Kahn <i Rich, following up on your question from a while back about this topic. Please find a white paper attached. Regards, Amanda The election of Donald Trump

. Please consult your advisor as to any tax, accounting, regulatory or legal statements made herein. Not a product of Bank of America Merrill Lynch (BofAML) Research and should not be viewed as a research report Amanda Ens Director Bank of America Merrill Lynch Merrill Lynch, Pierce, Fenner & Smith I

k of relaunching Japan FT • Diploma gap between rich and poor Bloomberg (Orszag) • Europe holds firm

•• Citi upgrade SESG FP,UBS upgrade GFC FP, downgrade LAD LN, CS downgrade LRE LN, upgrade TSCO LN ••• GS upgrade SPM IM, EMGS NO, downgrade ANA SM, BofAML downgrade ASELS TI, Shorcap upgrade TSCO LN EFTA00394117 • SocGen upgrade YKBNK TI, initiate GIB GY (b), Natixis downgrade EDP PL, upgrade MPI LN,

cult operating environment. Along with relatively rich valuations vs GEMs, we advise a highly selective

(10.4) Pakistan (0.0) (6.01 (u.31 (6.4) EFTA00634189 New Zealand (0.11 l I-21 (1.31 MEGA Baskets (trade has now played out) • Basket of BofAML BUY rated Consumer stocks (MEGAACON Index, 7 constituents, can trade $150m/day) — Hedge with 2823 HK puts. Under the new proposal the Consumer sector

17 at 2:43:06 PM =DT To: =/b>"'Richard Kahn'" < Rich, ING has an =DR, ticker ING, that trades US hour

reement =ighlighted above Therefore we view today as an adding opportunity to our core =iew of SX7E higher, EURUSD higher, EUR Rates Higher From: BofAML-Alastair Ryan, Michael Helsby Imailto:[email protected]] Sent: Monday, March 27, 2017 1:24 PM Subject: European Banks Strategy: Rate sensi

calendar-specific events noted for most stocks. We constructed our list by canvassing BofAML Fundamental Equity Research analysts in order to find 10 BofAML-covered stocks which we think will significantly outperform or underperform peers during the quarter. We considered only Buy-rated names for outperfo

ge cap US oils. We view Hess as the most catalyst rich large cap US E&P for 2017 with a return to growth

the corporate tax rate 4 Repatriation 6 Border adjustment tax analysis 12 Closing loopholes 15 No interest tax shield 7 Tax reform screens 19 Related BofAML research on US tax reform 22 Methodology 24 2 Equity Strategy Focus Point | 29 January 2017 (pertain HOUSE_OVERSIGHT_023070 --- PAGE BREAK --- The

r the last few years, and, if we exclude the cash-rich Technology sector, leverage is approaching all-t

via bullish X-market risk reversals Steet Selling rich USO (WTI tracker) 3M 25d puts to fund cheaper SXE

o expect prices to rebound to $55/bbl by year end. In fact current levels of ~$40 are close to the summer floor ($39) they had previously suggested. BofAML strategists have turned bullish Oil & Gas equities given more CB (BoE) easing, attractive div yields and exposure to the EM recovery narrative. Moreo