…17 The backdrop for risk assets has changed dramatically over the past year. As Michael Hartnett pointed out, 2016 saw global interest rates fall to 5,000-year lows and the likely end of what has been the greatest bull market in bonds ever. We experienced a historic US President...
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18 a distorting effect on the global economy. The president has made a few cautious statements on China's human rights record but came under criticism for delaying a White House meeting with the Dalai Lama. This year, the administration confirmed a $5.8 billion package of arms s...
Jan Loeys Global Asset Allocation (1-212) 834-5874 The J.P. Morgan View [email protected] 28 March 2013 senior bank bond holders will lose money and this risk is, in our mind, not yet in the price (Rethinking the capital structure, R. Henriques et al., Mar 27). Foreign Exc...
…CO, ORCL, GOOG, MRK, INTC and PFE. **Maturities = weighted avg. of holdings from MSFT, CSCO, GOOG, INTC. Source: BofAML Global Research, company 10Q’s Source: Crane data, BofA Merrill Lynch Global Research Potential beneficiaries: See Table 20 for a screen of companies with high...
…off his yacht, the Lady Ghislaine -- was served with a subpoena on Sept. 22 at 6:45 p.m. as she was leaving the Clinton Global Initiatives Conference at the Sheraton Hotel. Florida lawyer Brad Edwards, who represents three of the "Jane Does" who are suing Epstein, told Page Six t...
Related BofAML research on US tax reform Below we provide links to reports from our BofAML Global Research colleagues that address this topic. Economics: Global Watch: Will border adjustment lead to border battles? 18 January 2017 US Economic Weekly: Cutting taxes could be tax...
…ompromise to avoid economic contraction. 4 Positive scenario S&P 500 (6-month target): 1,700 e An accelerating US and global economy reduces risks to company earnings. Investors begin to shift funds into more cyclical sectors such as Industrials and Materials in light of better...
…elsen Credit Buy basket of Euro AT1s Barnaby Martin Long Xover short Main loannis Angelakis Source: BofA Merrill Lynch Global Research. For the full methodology and reference pricing please see Appendices. New trades in bold. Themes Long Cyclicality « Long Asia EM - recovering...
…Bull flat -4.49 1.26 -7.31 -5.05 8.91 -11.10 -9.94 8.23 -7.31 -9.61 -0.37 -1.50 -4.16 -1.59 Source: BofA Merrill Lynch Global Research, Bloomberg Used Bloomberg Treasury yield index. Curve movements defined based on 2yr move (up or down) and 2510s move (up or down) so these in...
… and policy, and the curious open and generative nature of the phenomenon, we will delve into the net as a contingently global phenomenon, and the way that complicates regulation by traditional sovereigns. Our case study will be the current debates around implementation of Europe...
…ontrast, we forecast just about 3-5% earnings growth next year. 4 Positive scenario Euro Stoxx (6-month target): 320 ¢ Global economic growth reaccelerates and Eurozone growth shows clear signs of bottoming out, enabling mid-single-digit earnings growth over the next six months....
…ge,, then according to the UN that continent’s population could double again by 2100, to 4 billion, thereby raising the global population to 11 billion. Nigeria alone would by then have as big a population as Europe and North America combined, and almost half of all the world’s c...
…ail Jell-O to the wall.”” Third, a growing number of experts began to identify anew instigator of democratic change in global civil society. Unlike the “peoples movements’ of earlier decades, in which well-known leaders mobilized mass demonstrations and often insurrectionary vio...
were behaving linearly and smoothly whereas within this region we observe global and dramatic changes via a forced discontinuity in what Thom called a catastrophe and others use related words such as bifurcation or phase transition. The transitions from painful fatigue to running...
… his behalf dated July 6, 2007. The letter said "Mr. Epstein was part of the original group that conceived the Clinton Global Initiative, which is described as a project 'bringing together a community of global leaders to devise and implement innovative solutions to some of the...