Epstein Secrets

es in healthcare systems to contain healthcare costs and improve the overall quality of care and wellness. For example, on March 23, 2010, President Obama signed into law the Patient Protection and Affordable Care Act, which Congress modified pursuant to the Health Care and Education Reconciliation Act

re and wellness. For example, on March 23, 2010, President Obama signed into law the Patient Protection and Afford

r Diagnostics and Versartis. Prior to joining New Leaf, Mike was a Principal at the Boston Consulting Group (BCG) where he was a core member of their Health Care practice. Mike graduated magna cum laude from Harvard University with an AB in biochemical sciences and received his Ph.D. in molecular biology and g

nce in the health system in order to enhance % of Healthcare facilities reporting comprehensive % 10 100 NA 10

e current and future US administration foreign policy inclinations, in our view. Separately, we note that the White House spokesman said US President Obama did not support the legislation and likely would not sign it. (A potential presidential veto may however still be overruled if Congress assembles the

y, we note that the White House spokesman said US President Obama did not support the legislation and likely would

s 11.4% 13.1% 13.8% 19.5% MSCI Europe* 1104 13.2% Healthcare 18.4% 15.5% 15.0% 30.9% MSCI EM $* oo5 12.2% Fina

the fiscal cliff negotiations. Commodities — A further set of better Chinese economic data keeps us long base metals. Equity markets are taking the Obama victory quite badly, with US stocks down some 4% on Wednesday and Thursday. This has pushed up global bond markets, and credit spreads are wider, but

in the slipstream of the tumbling equity market. President Obama’s re-election perhaps also diminishes expectation

et structure as a result of the shale gas boom ¢ Transmission spending to integrate renewables/improve reliability, and its impact on power prices e Obama initiatives on climate change legislation, and the EPA threat e Energy efficiency initiatives — utility uncoupling , demand growth e Nuclear assets

scretionary 68.5 132.4 93% Information Technology 54.2 96.9 79% Materials 146.1 237.2 62% Industrial 101.4 155.8 54% Consumer Staples 104.7 160.5 53% Health Care 89.1 128.4 44% Energy 181.9 238.9 31% Financials 63.0 82.0 30% Telecom 51.0 56.9 12% Utilities 113.4 100.9 -11% Source: Bloomberg e Reasons for Und

deserves a larger premium. ¢ We continue to like Healthcare as it offers solid long-term earnings prospects w

ctions, Republicans will likely lose seats in the House on a net basis but retain a majority; we expect them to be even with Democrats in the Senate. Obama will likely retain the White House. Such an electoral outcome would prolong the existing gridlock between Republicans and Democrats. ¢ Due to the on