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Underweight Retail
document IMAGES-003-HOUSE_OVERSIGHT_014490.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

… 8.3% 7.8% 7.3% ——Retail EBITDA margin 6.8% PP FF FF gh gh gh gh gr gh gh Source: BofA Merrill Lynch Global Research, Bloomberg, Datastream, IBES Chart 68: Retail is expensive on a range of metrics Tesco Aldi Lidl Waitrose Morrisons Sainsbury's Asda -100 -50 0 50 100 m Ma...

Sources: Investment Strategy Group, Bloomberg, Datastream, Goldman Sachs Global Investment Research,
document IMAGES-009-HOUSE_OVERSIGHT_026906.txt Oct 3, 2018 House Oversight Committee — Epstein Estate Records (Nov 2025)

Sources: Investment Strategy Group, Bloomberg, Datastream, Goldman Sachs Global Investment Research, Haver. Endnotes: (1) Kate Davidson and Sarah Chaney, “Fed Chair Powell Sees ‘Remarkably Positive Set of Economic Circumstances,” The Wall Street Journal, October 3, 2018. (2) St...

Chart 80: Stocks mostly trade above ex-pipeline value
document IMAGES-003-HOUSE_OVERSIGHT_014494.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

…es sector are attractive relative to history and compared to other Defensives. EV/EBITDA for the sector sits at 7.3x on Bloomberg estimates. That is a 20% discount to the market and is near 10-year lows on a relative basis. With dividends more secure the relative DY becomes more...

The Bank of Mexico will meet on 29 September, and a 50bp rate hike is already priced in
document IMAGES-001-HOUSE_OVERSIGHT_010611.txt Nov 23, 2015 House Oversight Committee — Epstein Estate Records (Nov 2025)

…4 2015 2016 mms Net Dollar position ———=MXN mmm spread —=—‘1y TIIE -—=—=ONR Source: BofA Merrill Lynch Global Research, Bloomberg Source: BofA Merrill Lynch Global Research, Bloomberg Notable Rates and FX Research * Global Rates & Currencies 2016 Year Ahead, 23 November 2015 *...

reverse. Fading high 106’s could be a short-term profit-taking view, or area to enter
document IMAGES-002-HOUSE_OVERSIGHT_014426.txt Nov 14, 2016 House Oversight Committee — Epstein Estate Records (Nov 2025)

… “0s 30.00 +100 ar 5 fi WV A fk rs mR +60 +40 2012 2013 2014 2015 2016 2017 Source: BofA Merrill Lynch Global Research, Bloomberg Long-term picture: 50m average crossing 200m average Chart 5: USD/JPY monthly chart with 50m average and 200m average 210 90 70 50 Golden cross 30 10...

Re: Obama Favoring Former White House Counsel Kathryn Ruemmler to Succeed Holder as Attorney General
email IMAGES-008-HOUSE_OVERSIGHT_026345.txt Oct 14, 2014 House Oversight Committee — Epstein Estate Records (Nov 2025)

…|er aS Subject: Re: Obama Favoring Former White House Counsel Kathryn Ruemmler to Succeed Holder as Attorney General - Bloomberg Importance: — High ok On Tue, Oct 14, 2014 at 8:22 PM, Kathy Ruemmler i wrote: I'm almost home. Call there in 10? On Oct 14, 2014 8:20 PM, "jeffr...

CL1 <comdty> OMON on Bloomberg has live strikes and bid/ask
document IMAGES-006-HOUSE_OVERSIGHT_022261.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

CL1 <comdty> OMON on Bloomberg has live strikes and bid/ask. If 5d is too short and 35d 1s too long / not enough gamma, Tazia may be able to source liquidity from the street. Am Cc'ing her for any live pricing or additional comment Best Nav This e-mail may contain confidential...

to economic mismanagement and political dishones
document IMAGES-005-HOUSE_OVERSIGHT_019273.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

…es/illiberal-de- mocracy-spreads-to-poland-1465413404. 16. Noah Feldman, “Poland's New Leaders Take Aim at Democracy,” Bloomberg View, December 31, 2015, https://www.bloomberg. com/view/articles/2015-12-31/poland-s-new-leaders-take-aim-at-democracy. 17. Alison Smale and Joanna...

Will Cohen Cooperate? Tenuous Finances May Provide Crucial Clues
email TEXT-001-HOUSE_OVERSIGHT_020437.txt Apr 27, 2018 House Oversight Committee — Epstein Estate Records (Nov 2025)

… Cooperate? Tenuous Finances May Provide Crucial Clues 2018-04-27 08:00:00.2 GMT By Shahien Nasiripour and Caleb Melby (Bloomberg) -- In the two weeks since federal agents seized the files of Michael Cohen, President Donald Trump's personal attorney and fixer, a question has hove...

41 Link, Perry. “China: The Anaconda in the Chandelier.” New York Review of Books. April 11, 2002
document IMAGES-006-HOUSE_OVERSIGHT_020515.txt Apr 11, 2002 House Oversight Committee — Epstein Estate Records (Nov 2025)

…raphics/Tiffert-Peering_down_the_memory_hole_2017.pdf. 43 “Chinese companies are buying up cash-strapped US colleges.” Bloomberg. March 21, 2018. https:// www.bloomberg.com/news/articles/2018-03-20/cash-strapped-u-s-colleges-become-targets-for-chinese -companies. 44 Fischer, Ka...

Richard Kahn
email TEXT-002-HOUSE_OVERSIGHT_032301.txt Oct 1, 2016 House Oversight Committee — Epstein Estate Records (Nov 2025)

…6:19 AM Jeffrey Epstein [[email protected]] This Chart Predicts Trump Will Win, Unless the S&P Rallies in October - Bloomberg Importance: High http://www.bloomberg.com/news/articles/2016-09-30/this-chart-predicts-trump-will-win-unless-the-s-p- rallies-in-october Richard Kahn...

5. US 1-10 Treasury Yield Spread — Through October 12, 2018
document IMAGES-009-HOUSE_OVERSIGHT_026914.txt Oct 12, 2018 House Oversight Committee — Epstein Estate Records (Nov 2025)

… Feb Mar Apr May Jun Jul Aug Sep Oct 3 4 193 190 1%7 1974 191 188 195 202 209 2016 Source: Investment Strategy Group, Bloomberg. 6. “Near-Term Forward Spread”* — Through October 12, 2018 “Near-Term Forward Spread” During 2018 1.25 2 1.0 5 S os) 0.8 | 0.78 os 1 g 0.78 a 2 0.6...

US - Multi-Industrials/Engineering and Construction Coverage Cluster
document IMAGES-003-HOUSE_OVERSIGHT_014643.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

… - Multi-Industrials/Engineering and Construction Coverage Cluster BofA Merrill Lynch Investment rating Company ticker Bloomberg symbol Analyst BUY 3M Company MMM MMM US Andrew Obin AECOM ACM ACM US Anna Kaminskaya, CFA Allegion ALLE ALLE US Andrew Obin AMETEK Inc AME AME US And...

Day 3: Cryptocurrency
document IMAGES-007-HOUSE_OVERSIGHT_024257.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

Day 3: Cryptocurrency Day 4: Private Infrastructures for Government Surveillance, John DeLong/Bruce Schneier talk (morning session) Day 5: Net Neutrality and Internet Architecture, Dialogue with Andy Ellis (afternoon session) Day 6: Weaponized Social, Open discussion with John...