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implying 2-3pp improvements in the annual growth rate relative the trailing 5-year average for Staples and +6pp for Healthcare. Bankof America <> : Merrill Lynch European Equity Strategy |O1 December 2016 = 13 HOUSE_OVERSIGHT_014472 --- PAGE BREAK --- Chart 33: Correlation of sector EPS to global GDP since 2010 Chart 34: Trailing v
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Donald Trump
PersonPresident of the United States (2017–2021, 2025–present)

United States
LocationCountry located primarily in North America
Pierce, Fenner & Smith Incorporated
Organization
Merrill Lynch Global Wealth Management
OrganizationInvestment management and financial planning service

Merrill Lynch
OrganizationAmerican investing and wealth management division of Bank of America
The Financial Service Board
OrganizationMerrill Lynch International
OrganizationMerrill Lynch Equities (Australia) Limited
Organizationthe Australian Securities and Investments Commission
Organizationthe Hong Kong Securities and Futures Commission
OrganizationMerrill Lynch Canada Inc
Organizationthe Investment Industry Regulatory Organization of Canada
OrganizationMerrill Lynch Mexico
Organizationthe Comisidn Nacional Bancaria y de Valores
OrganizationMerrill Lynch Argentina SA
Organization
Comisién Nacional de Valores
OrganizationUruguayan football club based in Montevideo, Uruguay

the Financial Services Agency
OrganizationMerrill Lynch International Incorporated
OrganizationMerrill Lynch Securities (Taiwan) Ltd.
Organizationthe Securities and Futures Bureau
Organization