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ives were hitting record over bought signals with Financials and Cyclicals seeing the opposite. Against the ba
onal del Mercado De Valores; Merrill Lynch (Brazil}: Bank of America Merrill Lynch Banco Multiplo S.A., regulated by Comissdo de Valores Mobiliarios; Merrill Lynch KSA Company, errill Lynch Kingdom of Saudi Arabia Company, regulated by the Capital Market Authority. This research report: has been approved for publication and
Page: HOUSE_OVERSIGHT_014496 →Quantitative Analysis
ritten that US corporates in aggregate (including Financials) hold ~$2tn in cash overseas, and their work sugg
onal del Mercado De Valores; Merrill Lynch (Brazil): Bank of America Merrill Lynch Banco Multiplo S.A., regulated by Comissao de Valores Mobiliarios; Merrill Lynch KSA Company, errill Lynch Kingdom of Saudi Arabia Company, regulated by the Capital Market Authority. This research report: has been approved for publication and
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 →errill Lynch errill Lynch (Spain): Merrill Lynch Capital Markets Espana, S.A.S.V., regulated by jo SA, regulated by Comissdo de Valores Mobiliarios; Merrill Lynch KSA Company, regulate by the S DFSA): } to professional clients and eligible counterparties (as each is defined in the rules of the by the PRA and regulated
Page: HOUSE_OVERSIGHT_023609 →Entities connected to both Merrill Lynch KSA Company and MO Financials

Merrill Lynch
ORGANIZATION
Bank of America
ORGANIZATIONDSP Merrill Lynch Limited
ORGANIZATION
Frankfurt
LOCATION
Merrill Lynch Global Wealth Management
ORGANIZATIONMerrill Lynch Argentina SA
ORGANIZATIONThe Financial Service Board
ORGANIZATION
United Kingdom
LOCATIONthe Securities and Futures Bureau
ORGANIZATIONMerchant Bank
ORGANIZATIONthe Central Bank of Ireland
ORGANIZATIONMerrill Lynch International Bank Limited
ORGANIZATIONMerrill Lynch International Incorporated
ORGANIZATIONOtoritas Jasa Keuangan
ORGANIZATIONMerrill Lynch Canada Inc
ORGANIZATION
Donald Trump
PERSON
Michael Bloomberg
PERSONPierce, Fenner & Smith Incorporated
ORGANIZATION
Bank of America Corporation
ORGANIZATIONMerrill Lynch Equities (Australia) Limited
ORGANIZATION