Stifel Think Tank Group’s podcast further exploring their analysis of change in markets, industries, and the economy using innovative, data-driven methodologies. Please contact thinktankgroup@stifel.com for more information. Moderated by Stifel Think Tank Group Vice-Chairman David Schick.

This material is prepared by the Think Tank Group of Stifel, Nicolaus & Company, Incorporated (“Stifel”). This material is for informational purposes only and is not an offer or solicitation to purchase or sell any security or instrument or to participate in any trading strategy discussed herein. The information contained is taken from sources believed to be reliable, but is not guaranteed by Stifel as to accuracy or completeness. The opinions expressed are those of the Think Tank Group and may differ from those of other departments that produce similar material and are current as of the date of this publication and are subject to change without notice. Past performance is not necessarily a guide to future performance. Stifel does not provide accounting, tax, or legal advice and clients are advised to consult with their accounting, tax, or legal advisors prior to making any investment decision. Additional information is available upon request. Stifel, Nicolaus & Company, Incorporated is a broker-dealer registered with the United States Securities and Exchange Commission and is a member SIPC & NYSE. ©

<p>Stifel Think Tank Group’s podcast further exploring their analysis of change in markets, industries, and the economy using innovative, data-driven methodologies. Please contact <a href="mailto:thinktankgroup@stifel.com">thinktankgroup@stifel.com</a> for more information. Moderated by Stifel Think Tank Group Vice-Chairman David Schick.</p>
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<p>This material is prepared by the Think Tank Group of Stifel, Nicolaus &amp; Company, Incorporated (“Stifel”). This material is for informational purposes only and is not an offer or solicitation to purchase or sell any security or instrument or to participate in any trading strategy discussed herein. The information contained is taken from sources believed to be reliable, but is not guaranteed by Stifel as to accuracy or completeness. The opinions expressed are those of the Think Tank Group and may differ from those of other departments that produce similar material and are current as of the date of this publication and are subject to change without notice. Past performance is not necessarily a guide to future performance. Stifel does not provide accounting, tax, or legal advice and clients are advised to consult with their accounting, tax, or legal advisors prior to making any investment decision. Additional information is available upon request. Stifel, Nicolaus &amp; Company, Incorporated is a broker-dealer registered with the United States Securities and Exchange Commission and is a member SIPC &amp; NYSE. ©</p>

Stifel Think Tank Group’s podcast further exploring their analysis of change in markets, industries, and the economy using innovative, data-driven methodologies.

Connecting the Dots

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