From: "Paul V. Morris"

From: "Paul V. Morris" To: Jeffrey Epstein <[email protected]> Subject: The Weekly Letter -- Consumers: What's Trending Date: Tue, 07 Feb 2017 14:25:36 +0000 RCIO Weekly Consumers: What's Trending While there are many uncertainties surrounding 2017, we're confident in the revival of U.S. consumers and a collection of trends they're driving, which point to a number of investment opportunities. These trends include the continuing shift from products to "experiences" and other services, the expansion of online shopping and the growth of the sharing economy. We believe they will have lasting impacts on companies in a variety of industries. Find out more in the new edition of The Weekly Letter, Consumers: What's Trending. We also encourage you to visit mi.com/insights for highlights of our thinking on long-term investment themes and additional updates on the markets and the economy. The Morris Group Private Wealth Manager Read the latest Clo Weekly The Morris Group Managing Director-Wealth Management Private Wealth Manager One Bryant Park, 28th Floor 036 httplIwww.pwa.ml.com/themorrisgroup Some of the risks involved with equities include the possibility that the value of the stocks may fluctuate in response to events specific to the companies or markets, as well as economic, political or social events in the U.S. or abroad. Bonds are subject to interest rate, inflation and credit risks. Investments in high-yield bonds may be subject to greater market fluctuations and risk of loss of income and principal than securities in higher rated categories. The investments or strategies presented do not take into account the investment objectives or financial needs of particular investors. It is important that you consider this information in the context of your personal risk EFTA00641398 tolerance and investment goals before making an investment decision. Neither Merrill Lynch nor any of its affiliates or financial advisors provide legal, tax or accounting advice. You should consult your legal and/or tax advisors before making any financial decisons. Merrill Lynch makes available products and services offered by Merrill Lynch, Pierce, Fenner & Smith Incorporated (MLPF&S) and other subsidiaries of Bank of America Corporation. (BofA Corp.). The Private Banking and Investment Group is a division of Merrill Lynch, Pierce, Fenner & Smith Incorporated that offers a broad array of personalized wealth management products and services. Both brokerage and investment advisory services (including financial planning) are offered by the Group's Private Wealth Advisors through MLPF&S. The nature and degree of advice and assistance provided, the fees charged, and client rights and Merrill Lynch's obligations will differ among these services. Investments involve risk, including the possible loss of principal investment. The banking, credit and trust services sold by the Group's Private Wealth Advisors are offered by licensed banks and trust companies. including Bank of America, N.A., Member FDIC, and other affiliated banks. Investment products: Are Not FDIC Insured Are Not Bank Guaranteed May Lose Value MLPF&S is a registered broker-dealer, Member SIPC and a wholly owned subsidiary of Bank of America Corporation. O 2017 Bank of America Corporation. All rights reserved. ARTK435K If prefer not to receive future e-mails related to this topic click here EFTA00641399