Epstein Secrets

Mark Camey places a bet on big finance FT • Britain's 'great leap forward' was start of nuclear power failure FT • The EU would be better led by Angela Merkel and Christine Lagarde FT • Carmaker strikes hit S Korean industrial output FT • WCB: Blessed are the cheesemakers Lex • X-factor: energy bankru

ilure FT • The EU would be better led by Angela Merkel and Christine Lagarde FT • Carmaker strikes hit

t or near ytd highs. Although the recent move up in the US has been led by Defensives (Consumer Staples in particular), it is Autos, Oil & Gas, and Basic Resources that are outperforming this morning in Europe. Some big moves in after-hours trading last night in the US with YELP, LNKD, SFLY, IACI all trading lo

uring Index, New Home Sales, Telsey Fall Consumer Conference (NYC), Earnings (CALM) Tuesday: Consumer Confidence, Richmond Fed Manufacturing Index, Merkel hosts Greek PM for talks in Berlin, Jefferies Global Healthcare Conference (London), Earnings (WAG, CAN, JBL, PAYX) Wednesday: Rosh Hashanah holid

+5.7% vs est +5.2%) Leading European Sectors: Food & Beverage +0.54%, Telecom +0.41%, Retail +0.05% Lagging European Sectors: Autos/Parts -2.46%, Basic Resources -2.24%, Construction -1.52% GIII 2M share buyback - QADA 1M shr buyback - FINL strong sales CBK cuts forecast - ENZN workforce reduction - Tunstall

n politics. Will Europe follow the route to populism (revolt from the voters) or will we find relief for the markets by the end of 2017 from a Fillon/Merkel duo being in charge of the Euro area’s two largest economies. We think investors will demand a higher risk premium until the French Elections in May

these readings. The lesson, with the benefit of hindsight, is to pay more attention to them. Indeed, our recent decision to downgrade both Banks and Basic Resources reflected very high readings on our models. Table 1: Reflation rotation very stretched on our CTIs post-Trump Table 2: While opposite true immediate

est political risk event for European (and possibly global) equity markets in 2017. By 22 October 2017: German Federal elections Current Chancellor Angela Merkel has announced that she intends to stand for re- election. Current polls have Merkel’s CDU ahead followed by SDP with the euro- sceptic Alternative fu