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national Incorporated (Seoul Branch) regulated by the Financial Supervisory Service; Merrill Lynch (Taiwan): Merrill Lynch Securities
ge cap US oils. We view Hess as the most catalyst rich large cap US E&P for 2017 with a return to growth
Page: HOUSE_OVERSIGHT_014629 →national Incorporated (Seoul Branch) regulated by the Financial Supervisory Service; Merrill Lynch (Taiwan): Merrill Lynch Securities
rowing disparity of income and wealth between the rich and the poor (Chart 2), and the loss of national
Page: HOUSE_OVERSIGHT_014732 →Earnings Preview
national Incorporated (Seoul Branch) regulated by the Financial Supervisory Service; Merrill Lynch (Taiwan): Merrill Lynch Securities
rrill Lynch Hardline Retail team called “a little rich,” though it is difficult to tell if weak trends a
Page: HOUSE_OVERSIGHT_014928 →l Lynch CV, Casa de Bolsa, regulated by japan): Merri Financial Supervisory Service; regulated by the Securities and Excl Lynch Israe
la variance as investors can avoid paying for the rich HSCEI convexity below the 70% barrier. The trade
Page: HOUSE_OVERSIGHT_014987 →Quantitative Analysis
national Incorporated (Seoul Branch) regulated by the Financial Supervisory Service; Merrill Lynch (Taiwan): Merrill Lynch Securities
r the last few years, and, if we exclude the cash-rich Technology sector, leverage is approaching all-t
Page: HOUSE_OVERSIGHT_023078 →ation trade. Cheapen Financials upside by selling rich Utilities and Staples vol & expensive correl. Hi
Page: HOUSE_OVERSIGHT_023597 →egulated by The Financial Service Board; MLI (U Lynch (Australia): d, regulated by th Singapore (MAS); Merrill Lynch CV, Casa de Bolsa, regulated by Financial Supervisory Service; he Securities and onal del Mercado De ertill Lynch Kingdom of Saudi Ara This research report: has been approved imited regula by HKSFC is Singap
Page: HOUSE_OVERSIGHT_023609 →via bullish X-market risk reversals Steet Selling rich USO (WTI tracker) 3M 25d puts to fund cheaper SXE
Page: HOUSE_OVERSIGHT_025978 →ities Co, Ltd. regulated by the Financial Services Agency; Merrill Lynch (Seoul): Merrill Lynch International ncorporated (Seoul Branch) regulated by the Financial Supervisory Service; Merrill Lynch (Taiwan): Merrill Lynch Securities (Taiwan) Ltd., regulated by the Securities and Futures Bureau; DSP errill Lynch (India): DSP Merril
Page: HOUSE_OVERSIGHT_026002 →Entities connected to both Marc Rich and the Financial Supervisory Service

Donald Trump
PERSON
United States
LOCATIONDeutsche Bank Securities Inc.
ORGANIZATION
Barack Obama
PERSONDoug Band
PERSON
Bloomberg L.P.
ORGANIZATION
Paul Ryan
PERSON
Philippines
LOCATION
United Kingdom
LOCATION
Ralph Lauren
PERSON
Xi Jinping
PERSON
Mobile
LOCATION
U.S. Treasury
ORGANIZATION
North America
LOCATION
Columbia University
LOCATION
Tokyo
LOCATION
Bank of America
ORGANIZATION
Michael Bloomberg
PERSON
Bahrain
LOCATION
Angela Merkel
PERSON