des Gaining Momentum: Finance-Related Assets vs. S&P 500 Oiversiied Financtsts Barks Prranciats S&P 500 Source: Kensho Technologies The Flow Show, Michael Hartnett, 11/18. Violent rotation: record equity ETF inflow, record financials inflow, biggest bond outflow in 3.5 yrs, record EM debt outflow. Regards, Aman

Trades Gaining Momentum: Finance-Related Assets vs. S&P 500 Civersiied Finances Bons Prnenciats S&P SOO Source: Kensho Technologies The Flow Show, Michael Hartnett, 11/18. Violent rotation: record equity ETF inflow, record financials inflow, biggest bond outflow in 3.5 yrs, record EM debt outflow. Regards, Aman

es Gaining Momentum: Finance-Related Assets vs. S&P 500 Oiversiied Financtsts Bornes Prrenciats S&P SOO Source: Kensho Technologies The Flow Show, Michael Hartnett, 11/18. Violent rotation: record equity ETF inflow, record financials inflow, biggest bond outflow in 3.5 yrs, record EM debt outflow. Regards, Aman

ls means banks and insurance should outperform REITs within the financial sector (Chart 3). This is also in line with the global rotation expected by Michael Hartnett (The Flow Show: The Inflation Era Begins 10 November 2016). 3) Nikkei winner of steeper UST and strong macro In a scenario of strong external deman

ls means banks and insurance should outperform REITs within the financial sector (Chart 3). This is also in line with the global rotation expected by Michael Hartnett (The Flow Show: The Inflation Era Begins 10 November 2016). 3) Nikkei winner of steeper UST and strong macro In a scenario of strong external deman

the US election. The insurance sector has been the best performer since the US election on the back of a steeper US Treasury curve and higher rates. Michael Hartnett observes “violent rotation out of deflation to inflation plays”, including a move from REITs to US banks. This should apply to Japan, where banks and

election day). Peak liquidity, deflation, Inequality and globalisation —- watch for Peak Trump So what does a Trump presidency mean for the world? Michael Hartnett, our Chief Investment Strategist sums it up nicely with four of his seven peaks. Peak liquidity — the era of excess liquidity is over; Peak inequalit

ng Director Portfolio Management Global Corporate Credit Research Trading Asian Research & Trading 3 Professionals U.S. Research U.S. Trading Michael Barnett Neal Goldman Jason Abbruzzese Jonathan Abramson Managing Director. Special Situations Managing Director, Restructuring Retail U.S. Loans Glob

ch analysts discuss two impending fiscal priorities in Congress. The collision of these deadlines could likely spark market volatility. Strategist Michael Hartnett also highlights the recent changes in central banks, noting that we're on the cusp of global synchronized monetary tightening. And though economic

ramming/event/voyage-gourmand3/rsvp> I <=pan style="font-size:l0pt;font-family:Verdana,sans- serif;color:rgb(88,91=94)">June 23, 7:00pm Conversation Michael Harney <http://www.thecoreclub.com/cultu=al- programming/event/michael-harney/rsvp> In Partnership with Hudson Union June 27, 6:30pm Conversation, Music Mu

01 EFTA02666851 The Flow Show <http://rsch.ba=l.com/r?q=lOkdhk4kaufvRbmcQWmwEQ&e=dg.americas_equity_derivatives_=alescre,40baml.com&h=jy UCXg> , Michael Hartnett, 11/18= Violent rotation: record equity ETF inflow, record financials inflow, biggest bond outflow in 3.5 yrs, record EM debt =utflow. Regards,=/u>

Kensho Technologies The Flow Show <http://rsch.baml.com/r?q=lOkdhk4kaufvRbmcQWmwEQ&e=dg.americas_equity_derivatives_sales%40baml.com&h=jy UCXg> , Michael Hartnett, 11/18. Violent rotation: record equity ETF inflow, record financials inflow, biggest bond outflow in 3.5 yrs, record EM debt outflow. Regards, Am

for the experience of Las Vegas unfiltered. | was expertly mentored in these quests by a distinguished collection of guides: Cultural anthropologist Michael Harner who taught me about the yage and datura use among the shaman of the Jivaro; Social anthropologist, Barbara Meyerhoff introduced me to the personal re