Never Mind. Third Years. Protectionism

(1) Gilda Radner and Ben Bernanke. (2) Survive three hangings, go free. (3) The best is yet to come according to presidential cycle. (4) Presidents walk on water during first two years, and paddle for the last two. (5) Will Obama choose to break the lucky spell for stocks? (6) Analysts are doing it again: Shaving estimates, thus raising odds of positive surprises. (7) Currency devaluations and trade protectionism are in fashion. (8) Commodity prices are the canaries. (9) Capital spending is on Old Normal track. (10) Industrials should continue to outperform. NOTICE: Our Morning Briefings are now available on FactSet.