Epstein Secrets

over growth assets. See 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 Lehman

osksroklxh Legal Entitles Disclosures US.: JPMS is a member of NYSE, FINRA. SIPC and the NF A. JPMorgan Chase Bank. N.A. is a member of FDIC. U.K.: JPMorgan Chase N.A.. London Branch. is authorised by the Prudential Regulation Authority and is subject to regulation by the Financial Conduct Authority and to limited

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nfluence or intervention. Company-Specific Disclosures: Important disclosures. including price charts, are available for compendium reports and all 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

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.

NGN vs. ua FX Cornell Small OW Energy on carry: Copper on better demand from China. Sauce'. J P. Morgan 5 EFTA_R1_00470164 EFTA01981562 Jan Loeys Global Asset Allocation The J.P. Morgan View 11 My 2014 Global Economic Outlook Summary Real GDP %owxayear ago Real GDP %aerawfous peed. isar

w on wide gaps between each side's position. See page 7 for analyst certification and important disclosures. Global Asset Allocation Jan Loeys AC JPMorgan Chase Bank NA John Normand J.P. Morgan Socunbos plc Mk I P nl Irtz I u J.P. Morgan Secunlies plc Seamus Mac Gorain J.P. Morgan Sooting°, plc Matthew Lehman

ecast 2013 global GDP growth forecasts: JPMorgan and Consensus 3.4 3.2 • 2.9 JPM 2.7 2.4 Apr.12 Jul.12 Oc142 Ja .12 Consensus ) Source. P Morgan. Consensus Economcs Consensus Economcs forecasts are for regions and counties that we averaged using the sane 5-year ruling USO GOP weights that we

hange Securities Trading Limited and is regulated by the Monetary Authority of Singapore (hi AS) andfor JPMorgan Chase Bank, N.A., Singapore branch (JPMCB Singapore) which is regulated by the MAS. Malaysia: This material is issued and distributed in Malaysia by JPMorgan Securities (Malaysia) Sdn Bhd (18146.X) wh

or announcements. market conditions or any other publicly available information. Clients should contact analysts and execute transactions through a J.P. Morgan subsidiary or affiliate in their home jurisdiction unless governing law permits otherwise. "Other Disclosures" last revised September 29, 2012. Cop

4 0 5 ICI 15 20 Sane J P. Morgan. Bbornberg See blue box m page 2 Sol °escapee() www.morga n m a rkets.com EFTA_R 1_020751 13 EFTA02702625 Jan Loeys (1-212) 834-5874 jan.loeystaprnorgan.com Global Asset Allocation The J.P. Morgan 'flew 09 November 2012 • As a result, we stay underweight US

other industrial commodities to pick-up sharply as we head into the summer and through the second half of the year. Jan Loeys (AC) EFTA00630376 JPMorgan Chase Bank NA John Normand J.P. Morgan Securities Ltd. Nikolaos Pani irtzoglou J.P. Morgan Securities Ltd. Seamus Mac Gorain J.P. f,,lorgan Securities Ltd.

res, including price charts, related to the companies recommended in this report are available in the PDF attachment, through the search function on J.P. Morgan's website Impslimmjptnorgan.comAisclosuresjsp, or by calling this toll free number (1-800-477-0406). J.P. Morgan does and seeks to do business with c

We thus expect base metals and other industrial commodities to pick-up sharply as we head into the summer and through the second half of the year. Jan Loeys (AC) EFTA00630376 JPMorgan Chase Bank NA John Normand J.P. Morgan Securities Ltd. Nikolaos Pani irtzoglou J.P. Morgan Securities Ltd. Seamus

jpmorgan.contidisclosuresicommiy, 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,

d add another 2mm to that European equity basket. We went further ovenveight Europe. Paul Barrett I Managing Director I Global Investment • • up I J.P. Morgan Private Bank I 320 Park Avenue, 14th Floor, New York, NY 10022 I T: I F: (212) 310 01081 ns I NMLS ID# 853441 Original Message From: Perlman, Daniel A Sen

1% a month return from holding 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

url =http s://mm.jpmorgan.com/serylet/UserDocsHelperServlet?action=openpdf%26docId=GPS-450882-0> 2 EFTA_R1_01999148 EFTA02683121 MorganMarkets, J.P. Morgan's research and market data portal, provides a single point of access to the firm's award- winning research across all asset classes, plus analytics, ma

RT&url =http s://mm.jpmorgan.com/servlet/UserDocsHelperServlet?action=openpdf%26docId=GPS-450882-0> I EFTA_R1_01999147 EFTA02683120 Author(s): Jan Loeys <https://mm.jpmorgan.com/servlet/RedirectSerylet?usageTracking=analystPage&key_type=E&val=EMARALERT&url=htt ps://mm.jpmorgan.com/servlet/PortalFW?p

m to that European equity basket. We went f=rther overweight Europe. Paul Barrett I Managing Director I Global Investment Opportunities Group I =.P. Morgan Private Bank I Original Message From: Perlman, Daniel A Sent: Friday, August 09, 2013 05:09 PM Eastern Standard Time To: Subject: The J.P. Morgan View : Wh

1% a month return from holding the front =ontract and rolling down into the second each month. This equates to over =2% a year only in roll/slide. Jan Loeys <http://=maillink.jpmorgan.com/t/AQ/AAMGjA/AAYLOg/QIFDJA/Ael/ABuQqw/AQ/BEeu> (1-212) 834-5874 <tel:%281-212%29%20834-58=4> John Normand <http://=ma

or analyst certification and important disclosures. Global Asset Allocation 04 January 2013 Global Asset Allocation Jan Loeys AC (1-212)834-5874 JPMorgan Chase Bank NA John Normand (44-20) 7134-1816 M. Morgan Securities plc Nikolaos Panigirtzoglou (44-20) 7134-7815 Morgan Secunties plc Seamus Mac Gorain (44-

Hedged Into USD. Euro Fixed Income Is illoxx Overall Index. US HG, HY, EhIBIG and EMS Corp are JPM Indices. EM FX Is ELMI+ in S. 2 EFTA00598497 Jan Loeys (1-2121834-5874 Global Asset Allocation The Morgan View 04 January 2013 given we are only in the first week of the year, the early QE exit trad

use for our own global growth forecast. More details in ... Global Data Watch, Bruce Kasman and David Hensley Global Markets Outlook and Strategy, Jan Loeys, Bruce Kasman, et al. US Fixed Income Markets, Terry Belton and Srini Ramaswamy Global Fixed Income Markets, Pavan Wadhwa and Fabio Bassi Emerging

mission in Hong Kong. Korea: J.P. Morgan Securities (Far East) Ltd, Seoul Branch, is regulated by the Korea Financial Supervisory Service. Australia: J.P. Morgan Australia Limited (ABN 52 002 888 011/AFS Licence No: 238188) is regulated by ASIC and J.P. Morgan Securities Australia Limited (ABN 61 003 245 234/AF

em in section 761G of the Corporations Act 2001. Germany: This material is distributed in Germany by J.P. Morgan Securities ple, Frankfurt Branch and J.P.Morgan Chase Bank, N.A., Frankfurt Branch which are regulated by the Bundesanstalt fiir Finanzdienstleistungsaufsicht. Hong Kong: The 1% ownership disclosure as of

s or announcements, market conditions or any other publicly available information. Clients should contact analysts and execute transactions through a J.P. Morgan subsidiary or affiliate in their home jurisdiction unless governing law permits otherwise. "Other Disclosures" last revised September 29, 201

ntracts has doubled since we put the trade on in December. We stay long as we think these logistical issues are unlikely to be resolved anytime soon. Jan Loeys (1-212) 834-5874 [email protected] JPMorgan Chase Bank NA John Normand (44-20) 7134-1816 [email protected] J.P. Morgan Securities plc Ni

iting https://mm.jpmorgan.com/disclosures/company, calling 1-800-477-0406, or e-mailing [email protected] 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,

ntracts has doubled since we put the trade on in December. We stay long as we think these logistical issues are unlikely to be resolved anytime soon. Jan Loeys (1-212) 834-5874 [email protected] JPMorgan Chase Bank NA John Normand (44-20) 7134-1816 [email protected] J.P. Morgan Securities plc Ni

iting https://mm.jpmorgan.com/disclosures/company, calling 1-800-477-0406, or e-mailing [email protected] 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,