Epstein Secrets

eps/revs tops ests & outlook edged up plus additional buyback up to $1.5B (trading +5%) • F5 Networks Q2 eps/revs better, Q3 guide up (solid growth Americas, EMEA, Japan) (trading 1.5%) • E'Trade swings to Q1 profit & tops ests as net income jumps 2x (WFC upgrades) (trading +3.2%) EFTA00370756 • Che

ts: headline number weaker (-0.3% y/y versus February +7.0%), but HK strong EFTA00370757 Leading European Sectors: Banks +1.26%, Basic Res +1.18%, Chemicals +1.09% Lagging European Sectors: Food/Bev -0.18%, Autos/Parts -0.05%, Utilities +0.04% RJF eps missed — ALGN view trailed — SYK eps missed TSCO re

dvocacy Director Member of the Board of Management, Group Production Director, News Chief Executive Officer Chairman Group President. Pallets, Americas and Global Supply Chain Partner. Chief Investment Officer President and Chief Operating Officer Embassy of Belgium Adobe Systems Inc. BMO Finan

ef Executive Officer, Long-Term Savings and Chairman Chief Executive Officer Donald R. Harkleroad President Joe Harlan Executive Vice-President, Chemicals, Energy and Performance Materials Habboush Group Wamda Lucerne Festival National Bank of Kuwait Infosys Lodestone Al Arabiya Al Arabiya Orkl

d 11 comparable episodes since 1980. Equity market returns subsequent to the peak rate of change in bunds were moderately positive — a median Bankof America Merrill Lynch European Equity Strategy |O1 December 2016 17 HOUSE_OVERSIGHT_014476 --- PAGE BREAK --- +1.0% after 3 months and +3.7% after 6 month

5 olw +150 14.0 112% Banks SX7P 12.4 n 0 12.4 00% Media SXMP 26 olw +100 3.6 138% BasicResou SXPP 3.0 n 0 3.0 00% Utilities SX6P 3.9 olw +100 49 125% Chemicals SX4P 5.0 n 0 5.0 00% Constr&Mtr SXOP 3.0 n 0 3.0 00% Trav&Leisr SXTP 1.8 ulw -150 0.3 15% FinServ SXFP 1.9 n 0 1.9 00% Food&Bevrg SX3P 5.9 ulw -150 4