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ives were hitting record over bought signals with Financials and Cyclicals seeing the opposite. Against the ba
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 advisor if they have questions concerning this report. "BofA Merrill Lynch” and "Merrill Lynch" are each global brands for BofA Merrill Lyn
Page: HOUSE_OVERSIGHT_014496 →Quantitative Analysis
ritten that US corporates in aggregate (including Financials) hold ~$2tn in cash overseas, and their work sugg
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 advisor if they have questions concerning this report. "BofA Merrill Lynch" and "Merrill Lynch” are each global brands for BofA Merrill Lyn
Page: HOUSE_OVERSIGHT_023094 →N s+ ico} [o>} Lop} 12>} Lo>} Lop} Q Q Q OQ OQ = =— mm = Oo Oo oO Oo Oo Qo Qo Q QoQ Q Q Q Q ~~ — ~~ _ = —N N N N N N N N N 0 85 25885852825 mum Tech (MO Financials oo nk? i > > > 2 > = ~~ ) Discretionary (QW Industrials TONNE NNN NN NN i Staples GE Energy ems |_argest sector weight in the S&P500 = === Current =
Page: HOUSE_OVERSIGHT_023578 →coi. | 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 advisor if they have questions concerning this report. "BofA Merrill Lynch" and "Merrill Lynch" are each global brands for BofA Informatio
Page: HOUSE_OVERSIGHT_023609 →Entities connected to both Merrill Lynch Global Wealth Management and MO Financials

Merrill Lynch
ORGANIZATION
Bank of America
ORGANIZATION
Bank of America Corporation
ORGANIZATION
Donald Trump
PERSON
United Kingdom
LOCATION
Michael Bloomberg
PERSON
Frankfurt
LOCATIONMerchant Bank
ORGANIZATIONThe Financial Service Board
ORGANIZATIONMerrill Lynch Canada Inc
ORGANIZATION
BofA Merrill Lynch
ORGANIZATIONMerrill Lynch International Incorporated
ORGANIZATIONthe Securities and Futures Bureau
ORGANIZATIONDSP Merrill Lynch Limited
ORGANIZATIONOtoritas Jasa Keuangan
ORGANIZATIONMerrill Lynch (Asia Pacific) Limited
ORGANIZATIONMerrill Lynch KSA Company
ORGANIZATIONMerrill Lynch International Bank Limited
ORGANIZATIONthe Central Bank of Ireland
ORGANIZATION
BANA Australia
ORGANIZATION