Epstein Secrets

thority (Hong Kong): Merrill Lynch (Asia lated by the Monetary Authority of Israel}: Merrill Lynch Lynch lidrios; Merrill Lyn

rowing disparity of income and wealth between the rich and the poor (Chart 2), and the loss of national

seems to be the only one in the region that is expected to display a much lower sensitivity to US rates, outperforming others within Asia. We expect the Monetary Authority of Singapore to keep the SGD NEER in the weaker side of the band for the next few months, which reduces the downside risk for the trade (Chart 69). We like the IN

laws in the United Kingdom; GSSP is regulated by the Monetary Authority of Singapore under Singaporean laws; and GSALLC is re

icer Brett Nelson Head of Tactical Asset Allocation Maziar Minovi Managing Director Andrew Dubinsky Vice President Michael Murdoch Vice President Mary Rich Vice President The 7.8% intraday peak-to-trough decline in US equities between September 21st and October 11th has rattled investor confidence. Nume

e President Michael Murdoch Vice President Mary Rich Vice President The 7.8% intraday peak-to-trough

icer Brett Nelson Head of Tactical Asset Allocation Maziar Minovi Managing Director Andrew Dubinsky Vice President Michael Murdoch Vice President Mary Rich Vice President The 7.8% intraday peak-to-trough decline in US equities between September 21st and October 11th has rattled investor confidence. Nume

e President Michael Murdoch Vice President Mary Rich Vice President The 7.8% intraday peak-to-trough

s; GSI is regulated by the Financial Conduct Authority and the Prudential Regulation Authority under laws in the United Kingdom; GSSP is regulated by the Monetary Authority of Singapore under Singaporean laws; and GSALLC is regulated by the Securities and Futures Commission under Hong Kong laws; all of which differ from Australian la

jaws in the United Kingdom; GSSP is regulated by the Monetary Authority of Singapore under Singaporean laws; and GSALLC is re

ctor Matheus Dibo Vice President Mary Catherine Rich Vice President This material represents the view

: Merrill Lynch (Singapore) Pte Ltd, regulated by the Monetary Authority of Singapore (MAS); Merrill Lynch (Canada): Merrill Lynch Cana

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

: Merrill Lynch (Singapore) Pte Ltd, regulated by the Monetary Authority of Singapore (MAS); Merrill Lynch (Canada): Merrill Lynch Cana

rrill Lynch Hardline Retail team called “a little rich,” though it is difficult to tell if weak trends a

: Merrill Lynch (Singapore) Pte Ltd, regulated by the Monetary Authority of Singapore (MAS); Merrill Lynch (Canada): Merrill Lynch Cana

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

would advise a tilt in EM portfolios toward cash-rich and faster- growing Asia. Emerging market countr

al adviser under the Singapore Financial Advisers Act (Cap. 110) and a wholesale bank licensed under the Singapore Banking Act (Cap. 19) regulated by the Monetary Authority of Singapore, in respect of any matters arising from, or in connection with, the analysis or report. The recipient of this report represent and warrant that they

would advise that EM portfolios tilt toward cash-rich and faster- growing Asia. Country preferences wi

al adviser under the Singapore Financial Advisers Act (Cap. 110) and a wholesale bank licensed under the Singapore Banking Act (Cap. 19) regulated by the Monetary Authority of Singapore, in respect of any matters arising from, or in connection with, the analysis or report. Spain: This publication is distributed to clients of UBS Bank

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

nd Futures Commission (HKSFC) and the Hong Kong Monetary Authority (HKMA); Merrill Lynch (Singapore): Merrill Lynch (Singapore) Pte Ltd, regulated by the Monetary Authority of Singapore (MAS); Merrill Lynch (Canada): Merrill Lynch Canada Inc, regulated by the Investment Industry Regulatory Organization of Canada; errill Lynch (Mexic