Comfortably NumbJohn McClure: President & CIO

December, 2017

ProfitScore Capital Management, Inc.7761 W Riverside Drive, Suite 210Boise, ID 83714

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Look closely at the table. Try to find another year without a red month.

Parabolic Growth In Worldwide Market Capitalization100 Trillion

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Based on history, how do you think this will end?

Real estate has never had a loosing year.

ALL TIME LOW Equity Market

Volatility.

Market coming off Long-term volatility lows

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2017 Average VIX – 11.39 (Lowest Ever Recorded)

Tightest Range Since 1965

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High Yield Bonds Are No Longer High Yield

No Risk Premium in “High Yield” Bonds

Asset Flows To Corporate Bonds

7

All Grades Last 4 years - 2017 through

November

Low Interest Rates Support Parabolic Market & Investor Quest For Yield

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Pay a Penalty to

Save

Chase Yield

Central Banks Buying

Government Debt at All Time High

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Art As An Investment?

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I Am Not Sure What To Say?

ProfitScore’s Historical Performance During Low Volatility

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0.24%

0.92%

1.97%

0.00% 0.50% 1.00% 1.50% 2.00% 2.50%

Vix<=14

Vix>14, Vix<17

Vix>=17

ProfitScore Long/Short US Treasury Avg Monthly Return During Average VIX Monthly Range

Real Estate Getting Up

There

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Price Extremes Are Everywhere You Look!

Classic Paintings at All Time High

Tweets at All Time High

Opiate Sales at All Time

High

Stocks at All Time High

Bitcoin at All Time High

HY Bonds at All Time High

History Would Tell You To Invest

Carefully

VIX at All Time Low

Equity Volatility at All

Time Low

Comfortably NumbJohn McClure: President & CIO

December, 2017

ProfitScore Capital Management, Inc.7761 W Riverside Drive, Suite 210Boise, ID 83714