EFTA01459563.pdf

Global Economy Major U.S. Election Topics Making History? Elections Favorable for Equities 9-1 1936 1940 1944 8 I 1448 I11 1952 7 1956 1960 6- 64 j 197 9968 5' 1972 1976 4 1980 1984 Recess( Recessions 1988 3 1992 1996 2 2000 2004 1 2008 2012 0 -40% -30% -20% 10% 20% 30% 40% 44-52 52-60 60-68 68-76 76-80 80-88 88-92 92-00 00-08 08-16 t -0 S&P 500 Return 12 months Leading up to Presidential Election Day - If a Democrat becomes the next U.S. President, it Out of the 20 Presidential elections since 1936, the would be only the second time since the end of S&P 500 has been positive 17 times (85%) in the WWII that one party has held the White House for 12 months leading up to the election. more than eight years. On average, the S&P 500 is up 9% in the 12 months leading up to the Presidential election day. Footnotes Data is 1944-2016 Presidential terms. Red is republican, blue is Footnotes: Data reflects S&P 500 performance in the 12 months leading up to the democrat President election cycles from 1936-2012. Source. Deutsche BankWealth Management Source: FactSel. Deutsche Bank Wealth Management. Deutsche Bank Wealth Management 5 CONFIDENTIAL — PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0 120054 CONFIDENTIAL SDNY_GM_00266238 EFTA01459563