onsiderable amount of time & money. International travel is a significant component of Plaintiff Brunel’s

Radio Direct Response (Radio) ( www.radiodirect.com ) Mark Lipsky has put together a great firm, with clients ranging from small direct marketers to Travel Channel and Wells Fargo. Online Marketing and Research Firms (PPC campaign management, etc.) Starting Small—Find a Local Individual to Help HOUSE_O

e squared off their underweights in Retail/ Travel according to the FMS. Both sectors also back near pre-Brexit levels relative to the market (albeit Travel reflects the recent oil price weakness). Chart 64: Source: Brexit sectors no longer underowned by investors Chart 65: Retail and Travel are some way

macro expectations and stock rotation are having a larger impact on stock movement than earnings estimates. eCommerce leads the group, up 8% YTD with Travel up 6% and Media behind at 5%. Small Caps are lagging Large caps YTD at 4% vs. 9%. Chart 1: YTD Stock Price Performance vs. YTD 2017 Estimate Revisio