Epstein Secrets

the fiscal cliff negotiations. Commodities — A further set of better Chinese economic data keeps us long base metals. Equity markets are taking the Obama victory quite badly, with US stocks down some 4% on Wednesday and Thursday. This has pushed up global bond markets, and credit spreads are wider, but

in the slipstream of the tumbling equity market. President Obama’s re-election perhaps also diminishes expectation

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

iscal cliff negotiations. • Commodities — A further set of better Chinese economic data keeps us long base metals. • Equity markets are taking the Obama victory quite badly. with US stocks down some 4% on Wednesday and Thursday. This has pushed up global bond markets, and credit spreads are wider, b

in the slipstream of the tumbling equity market. President Obama's re-election perhaps also diminishes expectation

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

st. Click here for the full Note and disclaimers. Asset allocation - The growth gap between East and West is widening, and has allowed us to join the Obama Pivot towards Asia. We stay long Japan and EM Asia in equities on stronger signs of an economic rebound in the East, while we again cut growth number

gold as a hedge against long-term inflation risks once global growth returns to trend and we would look to reopen the position at around $1,550/oz.. Jan Loeys (1-212) 834-5874 [email protected] John Normand (44-20) 7134-1816 [email protected] Nikolaos Panigirtzoglou (44-20) 7134-7815 nikolaos.p