22 May 2015
US Equity Insights
(Figure 39: S&P 500 sector performance (total returns)
Since Sector
10/15/2014 Current Price 201.5 Wt. by
12 Month YTD 3 Month 1 Month 1 Week MUM, vs Syr Hi h PE Mkt C40
S&P 500 159% 4.1% 1.9% 1.6% 1.4% 15.6% 99.8% 7.7
Consumer Dscretrawy 22::n .._e 2.9% 0.9% 15% :7 Eis 98.9% 20.1 12.3%
Consumer Staples 15.2% 2.3% 0.3% 1.0% 12.2% SILO% 0.4 9.6%
Energy -IA% 78.8% 9.6 8.1%
Financials 32.2% 3.9 163%
aeanhCare st. I% IIiil-s ti 1011% 85 14.8%
Industrials 10.3% 1.3% 98.1% 69 103%
Information Technology 22.9% 5.1% L8% L6% 18.7% 998% 63 200%
Materials 8.1% 5.3% L7% 12.6% 97.7% 8.4 3.2%
Telecommunicatico Seiskes 6,1% 1.7% 2.4% 93.5% 4.3 2.3%
uumes 11.6% 0,7% 89.8% SS 2.9%
Nutt Two biggest ovaserlorming lundereerlormioel sectors are henagneed in green lredi
MI secton wothin 5%of their S year Nen are Inhyhted In yellow
Sant 0- en TOMO,Rani
'Figure 40: S&P 500 sector I 2in vs. 3m performance
6% tagging • Leading
but gamma Health Care and gain";
5%
4%
3 Month Total Return
*Frame%
3% • Cons Disc
Telecom ggp 5001 Techex AAPL
2% 717. - airmen
1%
• Calf stapes
0%
-1% •
Energy Materials •
4ndustreilI
Lagging and • • mugs taking
.2% slipping i but Swing
-20% -10% 0% 10% 20% 30% 40%
12 Month Total Return
sin* Donne brat MonsonRuns.,
'Figure 41: S&P 500 sector ytd vs. mtd performance
6%
Haab Care
5%
•
4% I-0We Final-aft lacing
but gaining • and gaining
3%
E lipti4 _Can a ,asto s
eisizerAi r
2% Tech ar AAPL wean Dow
*UHlbes Materials
1%
3
o 0%
° -1% is Telecom
2
-2%
[Lagging and Leading
-3% *pap
-4%
i ns* ha sapping
-6% -4% -2% 0% 2% 4% 6% 8% 10% 12%
YTD Total Return
San* Dead* ant. Mania.Ratan
Deutsche Bank Securities Inc. Page 23
CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0059426
CONFIDENTIAL SDNY_GM_00205610
EFTA01367812