EFTA Document EFTA01458552

Deutsche Bank Securities Inc N5 CO ., 42: List of DR US Equity Strategy research notes Research Title Debt ceiling showdowns A new WE to the election cycle? Fed delays: Less S&P upside for 2016 Stocks will leave hike decision to the Fed. but doss likely gams either way Fast back to school assignment: Stress test 2016 S&P EPS estimates Post correction: Better without the froth, but stir real risks to monitor Further downside for global cychcals Stretching to hit numbers) GAAP vs. non-GAAP S&P EPS spread widens Secular growth shines as acceleration hopes fade A chance to go away until Labor Day Mother 'fish hook' earnings season The Hulk vs the Amazing Euro Hero Has the Euro found bottom at SI 10> Got your 2H sector strategy ready) Consider Utilities over regional Banks Yellen keeps equities on bullish path Bullish if dollar and yields settle here Dear Fed, avoid 1994 by hiking ;n Sep 10 themes to watch this summer S&P hits record high on 18 trailing PE. PE will be sensitive to Treasury yields What rt Fed relents on hikes for 2015? A little EPS upside, but more PE risk Ascent of S&P margins continues 10%+ net margin survives Energy d:p Jobs suggest: Fed hikes. stronger S. low inflation, flatter curve still ahead Midway 10 earnings season update Barely clearing a low bar Meet & Maintain is new Beat & Raise ResultsIgades support $1113 S&P EPS What to expect for 10 and guidance? Burden on 21-1 fa up 2015 S&P EPS The many measures of SW EN Banks are the last cheap stocks left: But what d the yield curve goes flat> 2015's SW 500 tug-of-war intensifies: Dimmer En vs. brighter PE outlook The Hulk flexes, S&P EPS shrinks Is S&P ready for Fed hikes? 10 FAOs Reaching for small caps. selectively Prefer small Retailers vs small Banks Tech Titans can overcome the Hulk Why should investors look through it> Repatriation holiday: Good step to a territorial system, but not a substitute Fincing Domestic S&P 500 stocks: Both Domestic Cyclica;s & Defensives 2015 S&P gains now PE expansion dependent S&P 500Industrial Capital Goods. High risk, low reward - Vet9 prefer Tech Seven Signs: 2 Red, 4 Yellow. 1 Green The PE tug-of-war continues in 2015 Slow EPS growth vs low bond yields 2015 S&P Outlook: Better time for consumers, but tougher for producers What's a profit recession? Happy Thanksgiving US GDP vs. S&P US equity strategy 2015 Outlook ' Cnotbow, outAra,ons kin". Dateen II•nt Date 28-Sep-15 IS-Sep-15 lbSeP-15 4-Sec-IS 25-Aug-15 21-Aug-15 14-Aug-15 6-Aug-15 19-Jul-15 12-Jul-15 2-Jul-15 26-Jun-15 21-Jun-I5 12-Jun-15 5-Jun-15 29-May-15 22-May-15 15-May-15 10-May-15 1-May-15 26-Apr-I 17-Apr-15 12-Apr-I5 2-Apr-15 27-Mar-15 22-Mar-15 13-Mar-15 9-Mar-15 27-Feb-15 1S-Feb-15 6-Feb-I5 3-Feb-15 30-Jan-I 5 26Jant IS-Jan-15 13-Jan-15 11-Jan-I5 15-Dec-14 5-Deo-la 26-Nov-14 Research Title Macro trends favor Retailers over Industrial Capital Goods, so do we Dollar and oil snip S&P 40 EPS Slow growth, but strong payouts Definitive dividend vs blurry buybacks Trick or treat? Skip the dark houses Post-bounce strategy into yearend Better time for consumers ahead, tougher time for producers Dollar Hulk? A somewhat stronger greenback ok, but beware the beast Midterm elections matter, but no reason for correction Catching a falling knife? PE expansion 15 rare as the Fed hikes S&P EPS growth after the super-cycle The Sewn Sirs Interest Rates, Oil Prices & the Dollar • 20 EPS finishes with SW at its top Good reasons to return to the top Dog days of August Heat from interest rate and geopolitical anxiety Lo and behold: Participation rate ticks up, mitigating interest rate risk The pressure release valve gets stuck Treasury yields climb as stocks sell off The Sewn Sirs Has the climb in yields begun? ' 20 growth better, as expected, but leaves market PE driven Thematic sector strategy update OW Secular Growth sectors & Financials The hunt for sales growth Help wanted. A partapason spurt with reliable productivity needed 20 EPS: A moment of truth for EPS acceleration The Golden Ratio. Real GDP/ Inflation Summer Flip-book ' S&P 500 Valuation. Sum of Sectors S&P Va'uation Chapbook - Snapshot at another record Ngh ' Chasing in the summer: Is IT worth it? Standing on the shoulders of bonds GDP is a deceptive denominator: Several popular charts improved Bank those Energy gs its Yields are key to S&P PE & Styles: Watch Participation & Productivity Signature Chairs ' No sweat yet for welds, but more heat to come Can yields stay cool this summer as growth heats up More rotation and reset? Watch yields April showers Aunt Yellen to give less and Uncle Sam to take more 10 EPS Preview: Cold from banks to retailers. but rest of year to warm-up The small cap growth correction S&P 503 sources and uses of cash How to deploy V trillion? 2016 S&P Outlook Better time for consumers, but tougher for producers Date 21Nov14 14-Nov-14 7-Nov-14 31.0ct-14 26-Oct-14 19-Oct-14 10-Oct-14 9-Oct-14 26-Sep-14 19-Sep-14 12-Sep-14 11-Sep-la 24-Aug-14 15-Aug-14 8-Aug-14 1-Aug-14 1.Aug-14 31-Jul-14 25-Jul-14 18,Jul-14 13-Jul-14 2-Jul-14 30-Jun-14 20-Jun-14 1Bslun-14 13-Jun-14 13-Jun-I4 6-Jun-14 YJA,lay-14 22-May-14 16-May-14 11-May-14 9-May-14 2-May-14 25-Apr-14 17-Apr-14 13-Apr-14 4-Apr-14 30- Mar-14 23-Mar-14 15-Dec-14 CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) CONFIDENTIAL SDNY_GM_00264702 DB-SDNY-0118518 EFTA01458552