EFTA02702625Dataset 11
2012-11-098p5,904w
…they do so also for the broad economic and market outlook, from current levels. Hence, we do not EMBIG see much reason to change our investment allocations, and remain medium-term EM S Corp. overweight both credit and equities against cash, government debt, and US High Yield commodities. We do so on the basis of value — still high risk premia — fading MSCI Europe' risks on fiscal policy in the US into next year; an expected rebound in global StP500 growth…
https://www.justice.gov/epstein/files/DataSet%2011/EFTA02702625.pdf
EFTA00598496Dataset 9
2013-01-048p6,246w
…analyst, the %, equities are in tighter color. Japanese reflation trade — or `Abenomics' — has the highest chance of Toplx becoming a game changer, followed by EMU, with the new EMBIG Washington compromise or Fed hawkishness more in the camp of MSCI EM* shorter-term tactical games. EM S Corp. MSCI AC Work! • Starting in Japan, new PM Abe has strong convictions, incentives, and MSCI Europe we believe the ability to push true fiscal stimulus financed by massive US Hip Yield QE…
https://www.justice.gov/epstein/files/DataSet%209/EFTA00598496.pdf
EFTA01177347Dataset 9
8p5,984w
…6). Both are down 0.2% from 2 weeks ago, and are below potential. US High Yield EM S Corp. Much as we would like to see the double-digit fall in stocks from the March SW500 O YTD peak as the bottom in the correction, the near-tent[ driven still appear US High Grade O to be pointing downwards for risk assets. Value and risk premia have gone EMBIG O from cheap to very cheap, but have not been…
https://www.justice.gov/epstein/files/DataSet%209/EFTA01177347.pdf
EFTA01169776Dataset 9
8p5,895w
…Of the quartet that we monitor to signal a need to change our defensiveness US High Yield — positions, data, value, and policy — the first two are at least partially in place for a rebound. It is our sense that tactical investors are now indeed EM S Corp. ■ underweight riskier asset classes, though not by as much as during the 2007- EM FX ■ 08 crisis. US data are now beating expectations, with modest upside risk on Q3 S&p500 …
https://www.justice.gov/epstein/files/DataSet%209/EFTA01169776.pdf
EFTA01176400Dataset 9
8p5,881w
…P500 supporting our view that the main driver of this year's rally in credit and MSCI AC World' equities will not be a surplus of good news, but a lack of enough bad news MSCI Eke relative to the risks that already priced into markets. To put this into Finance EM S Corp. jargon, risk is high, but risk premia are even higher. US High Yield This strategy depends on the Value force which we know does not work …
https://www.justice.gov/epstein/files/DataSet%209/EFTA01176400.pdf