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Extraction Summary

1
People
5
Organizations
4
Locations
3
Events
0
Relationships
3
Quotes

Document Information

Type: Financial research report / strategy document
File Size:
Summary

This document is page 21 of a 'Global Cross Asset Strategy' report produced by Bank of America Merrill Lynch on November 30, 2016. It analyzes market volatility following Brexit and the US presidential election, noting that volatility remained lower than expected. The text outlines specific hedging strategies the bank is employing, including Eurostoxx put spreads regarding the Italian referendum and closing a position on China risk. The document bears the Bates stamp 'HOUSE_OVERSIGHT_014452', indicating it was part of a document production for a congressional investigation.

People (1)

Name Role Context
Donald Trump US President-elect
Mentioned in chart title 'Chart 41: Neither the Trump election...'

Organizations (5)

Name Type Context
Bank of America Merrill Lynch
Creator of the report (logo and footer)
Bloomberg
Cited as source for charts
Datastream
Cited as source for Chart 40
IBES
Cited as source for Chart 40
House Oversight Committee
Implied by Bates stamp 'HOUSE_OVERSIGHT'

Timeline (3 events)

2016
Brexit
UK/Europe
2016
US presidential election
US
2016
Italian referendum
Italy

Locations (4)

Location Context
Market region discussed (European AT1s, Eurostoxx)
US
Market region discussed (US presidential election, S&P 500)
Mentioned regarding the 'Italian referendum'
Mentioned regarding 'China hard landing' and currency hedge

Key Quotes (3)

"While 2016 started off with a bang volatility wise it has ended with a whimper."
Source
HOUSE_OVERSIGHT_014452.jpg
Quote #1
"Neither Brexit nor the US presidential election proved to be anything more than a blip."
Source
HOUSE_OVERSIGHT_014452.jpg
Quote #2
"We are happy to continue to run these trades into 2017 and then use shorter term instruments to hedge specific events."
Source
HOUSE_OVERSIGHT_014452.jpg
Quote #3

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