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Investment Strategy
ng the Financial Services Scheme, do not a errill Lynch Global Research policies relating to conflicts of interest are de
ico} ico} SSR ERE EERE ES SSR eRe EER EES Source: Bloomberg Source: Bloomberg 4 Global Cross Asset Strategy -
Investment Strategy
®, | Lynch clients and may not be redistributed, Lynch Global Research reports are distributed horized use or disclosure
cals Source: BofA Merrill Lynch Global Research, Bloomberg, Haver Exhibit 2: Shares rated Buy by our analys
.com/cci. ments linked to securities that may ha Lynch Global Researc es and financial instruments discussed in this re
uy 70.0% Short interest % of float 2.25% Source: Bloomberg and BofA Merrill Lynch Global Research estimates
®, | Lynch clients and may not be redistributed, Lynch Global Research reports are distributed horized use or disclosure
e: BofA Merrill Lynch Global Fund Manager Survey, Bloomberg. As a reminder, the FMS Cash Rule works as follow
up 6.75% on the back of a strong seasonal rally errill Lynch Global Research. Prices reflective of most recently available dat
(RHS) Source: BofA Merrill Lynch Global Research, Bloomberg. Daily data from Jan-90 to 5-Jun-17. The politic
ility of the Bank's sales and trading businesses relating to the class of secun ties or financial instruments for which such analyst is responsible. BofA Merrill Lynch Global Credit Research analysts regularly interact with sales and trading desk personnel in connection with their research including to ascertain pricing and liquidity in t
is starting to approach silver 300% 250% 200% 150% 100% 50% 0% 3M-rolling annualized stdev of daily returns -Silver —Sltcoln —Gold Source Blomberg BoWAMm11 Lynch Gbbal Research A wide array of risks obscure the future of cryptocurrencles When examining the safety of any asset, volatility is no
ump) Source: BofA Merrill Lynch Global Research, Bloomberg Trump’s effect on MXN We provide an empirical a
ility of the Bank’s sales and trading businesses relating to the class of securities or financial instruments for which such analyst is responsible. BofA Merrill Lynch Global Credit Research analysts regularly interact with sales and trading desk personnel in connection with their research, including to ascertain pricing and liquidity in
Page: HOUSE_OVERSIGHT_010614 →RHS) Source: BofA Merrill Lynch Global Research, Bloomberg Source: BofA Merrill Lynch Global Research, Bloom
ility of the Bank’s sales and trading businesses relating to the class of securities or financial instruments for which such analyst is responsible. BofA Merrill Lynch Global Credit Research analysts regularly interact with sales and trading desk personnel in connection with their research, including to ascertain pricing and liquidity in
Page: HOUSE_OVERSIGHT_014429 →ance-decline line recently signaled for tactical USD strength and would turn outright bullish with a trend line break and new index highs. Chart 79: Bloomberg US dollar index, weekly chart with USD breadth measures MEBDXY Index - Last Price MISMAVG (200) on Close (BBDXY) LI9L47 Resistance: 1255 | A af" — ql a
Page: HOUSE_OVERSIGHT_014778 →ility of the Bank’s sales and trading businesses relating to the class of securities or financial instruments for which such analyst is responsible. BofA Merrill Lynch Global Credit Research analysts regularly interact with sales and trading desk personnel in connection with their research, including to ascertain pricing and liquidity in
Page: HOUSE_OVERSIGHT_014785 →Earnings Preview
®, | Lynch clients and may not be redistributed, Lynch Global Research reports are distributed horized use or disclosure
15 3015 4015 1016 Q16 4Q16 1017E2017E 3Q17E4Q17E BofAML vs. Street Below Above Above Below AY Source: BofA Merrill Lynch Global Research estimates, Bloomberg 7h eee | istening Hours Y/Y Growth === Active Listners Y/Y Growth Source: BofA Merrill Lynch Global Research estimates, company report Bankof America
Page: HOUSE_OVERSIGHT_014918 →Entities connected to both BofA Merrill Lynch Global Credit Research and Michael Bloomberg

Jeffrey Epstein
PERSON
Bloomberg L.P.
ORGANIZATION
Donald Trump
PERSON
Marc Rich
PERSON
United States
LOCATION
Bill Clinton
PERSON
United Kingdom
LOCATION
Merrill Lynch
ORGANIZATION
Paul Ryan
PERSON
Frankfurt
LOCATION
Bank of America
ORGANIZATIONDoug Band
PERSON
Seoul
LOCATION
U.S. Treasury
ORGANIZATIONMerchant Bank
ORGANIZATION
Merrill Lynch Global Wealth Management
ORGANIZATIONthe Dubai Financial Services Authority
ORGANIZATIONthe Prudential Regulation Authority
ORGANIZATIONThe Financial Service Board
ORGANIZATION
Bank of America Corporation
ORGANIZATION