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Source: Federal Reserve, Bureau of Economic Analysis, As of 12/30/11 Note: Debt Service is Debt payments as % of disposed° personal income Source: Federal Reserve Bank, ECB 4 J.P.Morgan EFTA_R1_02049746 EFTA02696368 GIO: Approach to Absolute Return Investing We are asset class agnostic TOP OPPORTUNISTIC INVE
its structured products or options exposures. Structured products and options are not insured by the Federal Deposit insurance Corporation (FDIC). the Federal Reserve Board, or any other governmental agency. In discussion of options and other strategies, results and risks are based solely on hypothetical examples cite
al Gov Bonds" JPM Global HY EM Local Bonds" Brent EM $ Corp iBoxx Euro Corps S&P500 US Cash FTSE 100 -4% • EM FX -4% • MSCI Europe -11% Hang Seng -15% Topix -15% rrrrr - MSCI EM $ -16% rrrrr - Brazil Bovespa -17% Corn -20% -40% -20% 0% 20% 40% Source: J.P. Morgan, Bloomberg. Returns
nt to enter talks. Japan's Nikkei gained 0.6% and the Korean Kospi jumped more than 1%. ... Investors will pay close attention to the minutes from the Federal Reserve's latest meeting on Wednesday, as well as any statements from Chairman Jerome Powell ahead of the economic symposium in Jackson Hole, Wyo., starting
est economies had clouded the company's outlook. In Page 17225 EFTA00046736 Asia, major indexes were mostly positive or flat, though Hong Kong's Hang Seng slipped 0.2% as recent political protests put pressure on the city's government to enter talks. Japan's Nikkei gained 0.6% and the Korean Kospi jum
ent to enter talks. Japan's Nikkei gained 0.6% and the Korean Kospi jumped more than 1%. ... Investors will pay close attention to the minutes from the Federal Reserve's latest meeting on Wednesday, as well as any statements from Chairman Jerome Powell ahead of the economic symposium in Jackson Hole, Wyo., starting
etween the world's two largest economies had clouded the company's outlook. In Asia, major indexes were mostly positive or flat, though Hong Kong's Hang Seng slipped 0.2% as recent political protests put pressure on the city's government to enter talks. Japan's Nikkei gained 0.6% and the Korean Kospi jum
Entities connected to both Federal Reserve and Hang Seng

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