Epstein Secrets

al Research. Data from Nov-28 to Aug-I6 Aug-16 EFTA_R1_00024954 EFTA01737923 US E uity [kris:ithe. Research I BofA Merrill L ch I Merrill Lynch, Pierce, Fenner & Smith Incorporated I +I 646455- 5480 dn.rsch am m-leas cattily dcrivatisestihaml.com , relating to this e-mail. please visit ss-ww.bankofamerica.cointemaildisclaimer

DJPY IMth vols are down to YTD low: Pricing in a slow summer • USDJPY 2M-1M term structure at its steepest & NKY's in its 98th %-ile since 2011 • BofA ML: BoJ plans for Sep16 'comprehensive assessment' create uncertainty • Market expectation for the Sep BOJ in terms of fwd vol is the near its lows YT

for Facebook and Priceline. Table 3: 1Q17 BofAML Estimates vs. The Street Large Cap Stocks (>$5bn Market Cap) Small Cap Stocks (<$5bn Market Cap} BofA ML vs. BofA ML vs. Ticker 1Q17 Metric BofA ML Street Street Ticker 1Q17 Metric BofA ML Street Street AMZN Revenue $35,335 $35,255 RATE Revenue $117 $1

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rther increases in spare capacity take place. Our BofAML commodities research medium-term supply-demand ba

nch Global Research policies relating to conflicts of interest are described at http://go.bofa.com/coi. "BofA Merrill Lynch" includes Merrill Lynch, Pierce, Fenner & Smith Incorporated ("MLPF&S’) and its affiliates. Investors should contact their BofA Merrill Lynch representative or Merrill Lynch Global Wealth Management financial a