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HOUSE_OVERSIGHT_014460 - HOUSE_OVERSIGHT_014497
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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