From: Richard Kahn <[email protected]> To: "jeffrey E." <[email protected]> Subject: Fwd: Derivatives not priced for a bond-equity melt up or tantrum, making hedging cheap Date: Tue, 19 Jul 2016 16:29:42 +0000 Inline-Images: image0OlgifOlD1E1A4D4978140.gif; image009jpg01D1E147FE917C10.jpg; image012jpg01D1E147FE917C10.jpg; image016jpg01D1E147FE917C10.jpg; image028pngOlD1E147FE917C10.png; image004pngOlD1E18AFACCFE90.png in process of setting up account with amanda ens at investment bank now would you like to see these emails or shall i just have amanda send trade ideas? please advise thank you Richard Kahn HBRK Associates Inc. 575 Lexington Avenue 4th Floor New York, NY 10022 tel fa l ce Begin forwarded message: From: "Ens, Amanda" .1 Subject: Derivatives not priced for a bond-equity melt up or tantrum, making hedging cheap Date: July 19, 2016 at 10:07:27 AM EDT To: "Rich Kahn" Reply-To: "Ens, Highlights from this week's Global Equity Volatility Insights 125 120 - 115 - 110 105 100 95 so Dec-15 Jan.I6 Fe -16 Mar.16 Ape.t6 lhat-16 Jun- 6 —Long-lerrnUS Treasury torch S&P SOO(*) EFTA00643874