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ump) Source: BofA Merrill Lynch Global Research, Bloomberg Trump’s effect on MXN We provide an empirical a
ancial instruments) to be suspended or withdrawn and shou uments) nor should the analyses or opinion(s) be considered a solici its contents. uding, Bank of A jo security, financial instrument or derivative is suitable for all investors. In some cases, securities and other financial ue or sell and reliable
Page: HOUSE_OVERSIGHT_010615 →Investment Strategy
cals Source: BofA Merrill Lynch Global Research, Bloomberg, Haver Exhibit 2: Shares rated Buy by our analys
account the specific investment objectives, financial situation and the p. im fered or sold by Merrill Lynch, are not tory institution (including, Bank of A erparty default risk and liquidity risk. No security, financi iable information about the value or other financial instruments, if any, may fluctuate
Page: HOUSE_OVERSIGHT_014409 →CY17 cY18 CY16 CY17 cY18 m@BofAML m= Consensus (Bloomberg, as of 15 Nov 2016) Source: BofA Merrill Lynch f
ffering document issued in connec Securities and other financial instruments discussed in this report, or recommended, o tory institution (including, Bank of A k and liquidity risk. No security, financ! iable information about the value or income from such securities and other financial instruments, if any,
Page: HOUSE_OVERSIGHT_014422 →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 →her financial instruments discussed in this report, or recommended, o deposits or other obligations of any insured depository institution (including, Bank of A instruments may be difficult to value or sell and reliable information about the value or income from such securities and other financial instrument
Page: HOUSE_OVERSIGHT_014785 →Entities connected to both Bank of A and Michael Bloomberg

Donald Trump
PERSON
Marc Rich
PERSON
Barack Obama
PERSON
United States
LOCATION
Bill Clinton
PERSON
United Kingdom
LOCATION
Merrill Lynch
ORGANIZATION
Frankfurt
LOCATION
U.S. Treasury
ORGANIZATION
Bank of America
ORGANIZATION
Seoul
LOCATIONthe Dubai Financial Services Authority
ORGANIZATION
Merrill Lynch Global Wealth Management
ORGANIZATIONMerchant Bank
ORGANIZATION
the Financial Services Agency
ORGANIZATIONThe Monetary Authority of Singapore
ORGANIZATION
Bank of America Corporation
ORGANIZATIONPierce, Fenner & Smith Incorporated
ORGANIZATIONthe Prudential Regulation Authority
ORGANIZATIONOtoritas Jasa Keuangan
ORGANIZATION