G20

(1) G20 nations pledge stimulus now, discipline later. (2) Greek downgrade was a game changer. (3) American voters leaning towards fiscal conservatives. (4) Cameron’s Thatcher speech. (5) The pound outperforms the euro. (6) German election, Spanish auction, ECB loans, and Chinese leading indicators. (7) In US, industry analysts remain sanguine. (8) US consumers: The Haves and Have-Nots. (9) Dodd-Frank bill good for politicians, regulators, and lawyers. Not so bad for Financials. NOTICE: Our Morning Briefings are now available on FactSet.