2016 Economic Update & Market Outlook

Presented by:
Jonathan Mackay, Managing Director
Senior Markets Strategist
Morgan Stanley Wealth Management

Mr. Mackay is currently responsible for customizing models and solutions for various client segments.
Additionally, he contributes to reports such as On the Markets and the GIC Weekly and represents
the Global Investment Committee on advisors and clients. Previously, Jon was a senior fixed income
strategist.

Prior to joining the firm in 2009, Jon worked at Citi as a high yield and high grade corporate credit,
emerging markets, and sovereign strategist. He began his career as an associate at Emerging Markets
Securities LLC where he worked on the creation of structured trade credit transaction. Jon has appeared
on Bloomberg TV, Reuters TV and has been quoted by the Wall Street Journal, Bloomberg News, The Financial
Times and Barrons. He holds a bachelor’s degree from Brown University.

Lunch Menu:

KENTUCKY LUNCHEON BUFFET

Bibb Lettuce, Carrots, Blue Cheese & Cherry Tomatoes with

Blue Cheese Dressing

Watermelon, Cucumber & Mint Salad with

Lemon Vinaigrette

Warm Corn Bread with Honeyed Butter

Burgoo with Crispy Potato Skins

Hot Browns with Buttermilk Biscuits, Tomatoes, Turkey

Bacon and Mornay Sauce

Bourbon Braised Brisket with Mopping Sauce

Maple Whipped Sweet Potatoes

Smothered Green Beans served with Onions and Kentucky Pride Ham Hock

Bourbon Pecan Pie, Chocolate Peanut Butter Pie and Banana Cream Pie

Iced Tea, Freshly Brewed Coffee and Decaffeinated Coffee Taylors of Harrogate Traditional and Herbal Teas