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From: Thomas Jr., Lando n ii Sent: 11/29/2016 6:33:42 PM To: Jeffrey Epstein [jeevacation@gmail.com] Subject: Fwd: My Thoughts on Currencies Importance: — High The smartest/most amusing piece of research I have read so far on Trump/global economy. You should pass on to DJT brain trust on economy/markets ---------- Forwarded message ---------- From: Eurizon SLJ Capital Limited <research@research.sljmacro.com> Date: Tue, Nov 29, 2016 at 10:51 AM Subject: My Thoughts on Currencies To: This email is intended for the addressee. Please do not forward this note outside your institution. Thank you for your cooperation. If you would like to refer our research to a friend, please contact us at Research@eurizonsljcapital.com. Click here to view online www.eurizonsljcapital.com My Thoughts on Currencies Stephen L Jen (London) November 29, 2016 Bottom line. Some retracement in the market trends we’ve seen since November 8 makes sense, in light of the magnitudes of the moves as well as the upcoming event risks (Italian referendum, OPEC meeting, and the FOMC meeting). But I think none of these events will likely surprise the markets, and President-Elect Trump will likely continue to drive the markets, extending the recent trends. By the way, he has left the US Treasury Secretary post last to be filled, and it is the most important appointment for the markets as it will both reflect and influence key policies HOUSE_OVERSIGHT_026637