'Undercurrent of Optimism'

(1) Hilsenrath’s question. (2) Optimistic deputy is ready to terminate QE. (3) Fundamentals looking better. (4) Citigroup Economic Surprise Index turning up. (5) Will rising home prices trump rising mortgage rates? (6) Job gains boosting consumer confidence. (7) Capital spending trending higher along with profits. (8) Less fiscal drag from state and local governments. (9) Exports are a drag. (10) EMs matter, but not that much to US. (11) Three Fed tenors singing out of key. (12) Focus on overweight-rated S&P 500 Industrials.