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Trump’s effect on MXN
document TEXT-001-HOUSE_OVERSIGHT_010609.txt Sep 22, 2016 House Oversight Committee — Epstein Estate Records (Nov 2025)

…sks are underpriced. We think the post-referendum risk rally is overdone and could be at risk. Potential shocks include Brexit uncertainty, turbulence in Italy's banking sector, and political paralysis in Spain. Closed 1.0840 (1 Jul 2016): Buy 3m EURCHF 1.08/1.03 put spread for 0...

Summary of Open Trades (5-Jun-17)
document IMAGES-007-HOUSE_OVERSIGHT_023597.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

…- SPX Dec-18 corridor var replication Buy NDX Top20 volatility dispersion Long 1.8x vega on 1y single stock vols of UK Brexit exposed names, Short 1x vega on 1y FTSE index vol SPX Sep-17 95% puts conditional on the Syr CMS rate above 2.4% at maturity Buy QQQ Jun17 132 call , s...

Fwd: My Thoughts on Currencies
email TEXT-001-HOUSE_OVERSIGHT_026637.txt Nov 29, 2016 House Oversight Committee — Epstein Estate Records (Nov 2025)

… (1) I don't think the direction of causality runs from Trump to Europe, but that the underlying forces propelling both Brexit and Trump are the same forces that are pushing the political centre of mass to the right in Europe. This direction of causality is HOUSE OVERSIGHT 026642...

love E.U. #VoteRemain #EUref #Brexit | 23 Jun 2016
document IMAGES-001-HOUSE_OVERSIGHT_011209.txt,gordie_ross | DonA‘t leave Jun 23, 2016 House Oversight Committee — Epstein Estate Records (Nov 2025)

| love E.U. #VoteRemain #EUref #Brexit | 23 Jun 2016

Brexit vote could make Friday freaky on 23 Jun 2016
document IMAGES-001-HOUSE_OVERSIGHT_011252.txt,PriorAwaren | Index shifts Jun 23, 2016 House Oversight Committee — Epstein Estate Records (Nov 2025)

Brexit vote could make Friday freaky on 23 Jun 2016

Japan Macro Watch
document TEXT-001-HOUSE_OVERSIGHT_014424.txt Nov 14, 2016 House Oversight Committee — Epstein Estate Records (Nov 2025)

… In our view, this is reflected in the USD/JPY’s consolidation during Tokyo trading hours after the pair hit 100 on the Brexit vote (Chart 4). The fact that USD/JPY has failed to break 100 multiple times since then suggests the market looking for USD/JPY’s dip, light positioning,...

Note: High China sales basket is aggregated and defined by Goldman Sachs Global Investment Research
document IMAGES-009-HOUSE_OVERSIGHT_026902.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

…he possibility of new elections in late 2019 reigniting euro viability questions will keep Italy on our radar screens. BREXIT: It is hard to know whether Brexit risks are unchanged, higher or lower given the minute by minute headlines out of the UK. Our base case remains that wh...

The outlook for macro policy and for the geopolitical
document IMAGES-009-HOUSE_OVERSIGHT_026686.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

…ions for currency rates, challenging sovereign geographic allocations - Political change in developed markets (notably Brexit and the US election) created volatility in sovereign portfolios, challenging the robustness of sovereign risk models. As policy changes are worked throug...

currencies. The fact that the Central Bank of Brazil will be looking to cut rates in the
document IMAGES-003-HOUSE_OVERSIGHT_014735.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

…ow and the inauguration of the new US president on January 20 (Chart 12). 6. Contagious populism will benefit the GBP Brexit and the election of Donald Trump could help bolster nationalistic and anti- globalization parties elsewhere by lending legitimacy to their causes. With m...