Investors spend much time on anticipated events, the potential outcomes, and implications for portfolio strategy. When assessment leads to high conviction, strategy is shifted before an event. Often, however, potential outcomes and implications either are so varied or uncertain as to forestall action. The event then is experienced, outcomes are assessed, and attention moves to the next set of events. An important activity is determining whether an event marks a turning point or indicates more of the same awaits. A review of some recent events can provide perspective for moving onward to economic activity and investing ahead.