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nd growth given the weak payroll number but we think the selloff in oil is overdone and expect Brent to recover. Jan Loe s JPMorgan Chase Bank NA John Normand J.P. Morgan Securities plc Nikolaos Pani irtzoglou J.P. Morgan Securities plc Seamus Mac Gorain EFTA00628227 J.P. Morgan Securities plc Matth
jpmorgan.comIdisclosuresicompany, calling 1-800-477-0406, or e-mailing research.disclosure.inquiries(ajpinorgan.ann with your request. J.P. Morgan's Strategy, Technical, and Quantitative Research teams may screen companies not covered by J.P. Morgan. For important disclosures for these companies, please call 1-800-4
lding the front contract and rolling down into the second each month. This equates to over 12% a year only in roll/slide. Jan Loeys 11-1 014 C014 John Normand (dt 1n) to 1R16 jimmilimmen Nikolaos Panigirtzoglou (do 1a1) 111A '19 I Seamus Mac Gorain ( ?4Gt~ Matthew Lehmann (I 212)831 8315 If you no
disclosuresicommiy, calling 1-800-477-0406, or e-mailing research.disclosure.inquirie.sqjpmorgan.com with EFTA00678715 your request. J.P. Morgan's Strategy, Technical, and Quantitative Research teams may screen companies not covered by J.P. Morgan. For important disclosures for these companies, please call 1-800-4
page 7 for analyst certification and important disclosures. Click play to view video Global Asset Allocation Jan Loeys AC JPMergan Chase Bank NA John Normand J.P. Morgan Securities plc Nikolaos Panigirtzoglou JP. Morgan Securities plc Mika Inkinen J.P. mown Securities plc Matthew Lehmann J.P. Morgan
covered companies by visiting %Inc., calling 1-800-477-0406, or c-mailing reseoieli.disclioaire lillpliflea jpr; with your request. J.P. Morgan's Strategy, Technical, and Quantitative Research teams may screen companies not covered by J.P. Morgan. For important disclosures for these companies. please call 1-800-4
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JPMorgan Chase
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Matthew Lehmann
PERSON
Malaysia
LOCATIONthe Mexican Stock Exchange
ORGANIZATIONthe Taiwan Securities and Futures Bureau
ORGANIZATIONBombay Stock Exchange Limited
ORGANIZATIONthe Stock Exchange of Thailand
ORGANIZATIONthe Philippine Stock Exchange
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the Ministry of Finance
ORGANIZATIONthe Central Bank of Brazil
ORGANIZATIONthe Indonesia Stock Exchange
ORGANIZATIONthe Securities and Futures Commission
ORGANIZATIONJapan Investment Advisers Association
ORGANIZATIONJan Loeys
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New Zealand
LOCATION
Philippines
LOCATIONEngland & Wales
LOCATIONThe Financial Futures Association of Japan
ORGANIZATIONthe Korea Financial Supervisory Service
ORGANIZATIONBanco J.P. Morgan S.A.
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