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Document Information

Type: Financial research report
File Size: 2.44 MB
Summary

This document is page 7 of a 'Global Equity Volatility Insights' report produced by Bank of America Merrill Lynch dated August 9, 2016. It analyzes US market trends, specifically noting that US equities reached all-time highs following a strong employment report, and discusses volatility structures in the S&P 500 and Biotech sectors. The document bears the Bates stamp HOUSE_OVERSIGHT_025984, indicating it was part of a production for a congressional investigation, likely as an attachment to other correspondence.

Timeline (2 events)

2016-07
July nonfarm payrolls and average hourly earnings report
US
2016-08-05
86% of SPX companies reported Q2 results
US

Locations (1)

Location Context
US

Key Quotes (3)

"US equities at new all-time highs on upbeat employment report"
Source
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Quote #1
"Analysts expect CY16 earnings decline of -0.3% which would mark the first time SPX has reported two consecutive years of earnings decline since 2008."
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Quote #2
"Investors with a constructive view on the sector who are concerned about a reversal of the recent gains should consider replacing or initiating long position via short dated ATM calls partially financed by expensive OTM calls."
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Quote #3

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