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From:"Paul Morris" To:<jeevacation@gmail.com> Subject:CIO Viewpoint: A Switch in Time Date:Mon, 11 Mar 2019 21:58:47 +0000 Viewpoint Chief Investment Office Our Chief Investment Office believes the switch by the Photo Federal Reserve has stabilized investor sentiment, improved financial conditions and provided a more transparent backdrop for risk-taking, leading to a year- end forecast of 2900 for the S&P 500. We believe that to approach 3000, we'd need the Fed to remain on hold, a trade agreement that would pull through in a meaningful way, earnings growth at least matching our forecast and prospects for 2020 similar to the most recent turn for the better. We encourage you to read more in a new edition of Viewpoint "A Switch in Time" and to get in touch with Paul Morris questions on our market views. Managing Director Private Wealth Manager ONE BRYANT PARK Sincerely, STE 28TH FLOOR Paul NFW MIK NY inms ;Merrill Lynch This material was prepared by the Chief Investment Office (00) and is not a publication of BofA Merrill Lynch Global Research. The views expressed are those of the CIO only and are subject to change. This information should not be construed as investment advice. It is presented for information purposes only and is not intended to be either a specific offer by any Merrill Lynch or U.S. Trust entity to sell or provide, or a specific invitation for a consumer to apply for, any particular retail financial product or service that may be available. Global Wealth & Investment Management (GWIM) is a division of Bank of America Corporation. Merrill Lynch Wealth Management, Merrill Edge°, U.S. Trust, and Bank of America Merrill Lynch are affiliated sub-divisions within GWIM. 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