HOUSE OVERSIGHT 012046 In the period since the US presidential election, the three top-performing S&P sectors and industry groups have all been finance-related (Banks, Financials, Diversified Financials) Trades Gaining Momentum: Finance-Rdalhad Midi VS. SIP SOO J-Cal .4).1ornbour .20 Mmunelsis 11/3/111 11/S/III 11,rvis 11/11/111 11111M 1311S/111 11/17/11 11/1/11 Tqchnatves SWIM Source: Kensho Technologies The Flow Show, Michael Hartnett, 11/18. Violent rotation: record equity ETF inflow, record financials inflow, biggest bond outflow in 3.5 yrs, record EM debt outflow. Regards, Amanda Amanda Ens Director Global Equities Bank of America Merrill Lynch Merrill Lynch, Pierce, Fenner & Smith Incorporated One Bryant Park 15th Floor New York, NY 10036 Phone: Mobi1e This message, and any attachments, is for the intended recipient(s) only, may contain information that is privileged, confidential and/or proprietary and subject to important terms and conditions available at http://www.bankofamerica.com/emaildisclaimer. If you are not the intended recipient, please delete this message. please note