Good morning. Still a pretty remarkable fact: on how much upside has been generated on FOMC days…

http://ritholtz.com/2016/04/sp-500-1964-2016-with-without-fomc-days/

The European jihadists

http://www.economist.com/blogs/graphicdetail/2016/04/daily-chart-2

“The Financial Industry Is Having Its Napster Moment”

http://www.bloomberg.com/news/articles/2016-04-07/the-financial-industry-is-having-its-napster-moment

Reserves are going down in Saudi-Arabia: will the peg with the dollar hold?

http://uk.businessinsider.com/saudi-arabia-too-optimistic-about-sovereign-wealth-fund-2016-4

Energy spending is down (but not out)

http://www.calculatedriskblog.com/2016/04/energy-expenditures-as-percentage-of.html

Japanese funds are returning home…. And other yen stuff

http://ftalphaville.ft.com/2016/04/08/2158808/jpwhy-revisited-and-a-break-in-the-currency-wars/

And the schedule for the week to come!

http://www.calculatedriskblog.com/2016/04/schedule-for-week-of-april-10-2016.html

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