22 May 2015
22 May 2015
US Equity Insights
(Figure 39: S&P 500 sector performance (total returns)
12 Month YTD 3 Month 1 Month 1 Week Since
10/15/2014
MUM, Current Price
vs Syr Hi h 201.5
PE Sector
Wt. by
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 3 Month Total Return 6%
5%
4% tagging
but gamma • Leading
Health Care and gain";
3% *Frame%
• Cons Disc
2% Telecom ggp 5001 Techex AAPL
717.- airmen
1%
• Calf stapes
0%
4ndustreil
-1% • Energy Materials • I
Lagging and • • mugs taking
.2% slipping i but Swing
-20% -10% 0% 10% 20%
12 Month Total Return
sin* Donne brat Monson Runs., 30% 40%
'Figure 41: S&P 500 sector ytd vs. mtd performance
6%
5% Haab Care
•
4%
E 3% I-0We
but gaining Final-aft
•
_Canlipti4 a,astoseisizerAi lacing
and gaining
2% r
Tech ar AAPL wean Dow
1% *UHlbes Materials
3 o 0%
° -1% is Telecom
2 -2%
[Lagging and Leading -3% *pap
ins* ha sapping
-4%
-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