What I'm reading this morning:
- Brussels on lockdown all weekend, authorities arresting people connected with terror overnight (BBC)
- Wow - Pfizer and Allergan agree to historic $150 billion merger (Wall Street Journal)
- Did the Fed already make its big policy error by not hiking sooner? (Bloomberg)
- Every rate hike cycle since 1983 was preceded by a choppy, trendless market like we have today (See It Market)
- All 50 states have an unemployment rate under 7% for the first time since 2007 (Calculated Risk)
- These are the most crowded trades among the 50 largest hedge funds (FactSet)
- If Factor Returns Are Predictable, Why Is There an Investor Return Gap? (Research Affiliates)
- David Gaffen's must-read Cannibalized Corporations piece (Reuters)
- Morgan Stanley (wisely) doesn't mess much with its broker comp plans for 2016, still pushing lending (Wall Street Journal)
- Correlations between the dollar and commodities are not as strong as you think (Indexology)
- Public pensions are owning up to a painful truth about their private-equity bets: They never totaled the bill (Wall Street Journal)
- Many skeptics continue to believe that the entire recovery is artificial. (A Wealth of Common Sense)
- Female meteorologists around the country are obsessed with the same exact dress (Tech Insider)
