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Locations
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Document Information

Type: Financial research report / market analysis
File Size: 2.04 MB
Summary

This is page 6 of a 'Global Equity Volatility Insights' report produced by Bank of America Merrill Lynch, dated June 6, 2017. The document analyzes a significant market drop in the Nasdaq 100 (NDX) that occurred on May 17, 2017, and discusses hedging strategies for 'FANG' stocks (Facebook, Amazon, Netflix, Google) and the Nasdaq. While the content is purely financial analysis, the Bates stamp 'HOUSE_OVERSIGHT_023580' indicates this document was collected as evidence by the House Oversight Committee, likely as part of a subpoena of financial records related to Jeffrey Epstein's banking relationships.

Organizations (4)

Name Type Context
Bank of America Merrill Lynch
Author of the Global Equity Volatility Insights report
House Oversight Committee
Recipient of the document via discovery (Bates stamp HOUSE_OVERSIGHT_023580)
Nasdaq
Referenced as NDX in market analysis
S&P
Referenced for volatility comparison

Timeline (1 events)

2017-05-17
A -2.5% drop in the NDX (Nasdaq 100), described as a six standard deviation (6σ) event.
Financial Markets

Key Quotes (2)

"asset bubbles can be notoriously difficult to trade, as fundamentals give way to chasing higher highs"
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Quote #1
"We continue to like hedging the risk of a US Tech overshoot via stock replacement strategies"
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HOUSE_OVERSIGHT_023580.jpg
Quote #2

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