I have had the same problem described in this thread and the same degree of frustration as other people. I've tried a lot of the things suggested and not had any luck. I agree with what you said in a previous post, Bill, that based on the number of variables involved, and their variance across cases, it might seem to be a Microsoft issue. I am running Windows 11.
You mention event logs. One thing that stood out to me was when the problem first began occurring I noticed an unusual occurrence in the events log of the external monitor affected by the issue.
(The log in question is located here:
Settings > System > Display > Advanced Display > Display Adaptor Properties [for the external monitor] > Monitor > Properties > Events)
On the exact same day the problem began occuring, there was an instance of the device being 'configured', and then a separate instance of it being 'started'. About a month and a half prior to that, the device had been 'deleted'.
It won't let me take a screenshot to illustrate this, but I wonder if anyone else had noticed any kind of similar pattern? I'm not technical enough to appreciate exactly what the information in the events log means - but it seems to be relating to uninstalling/reinstalling drivers for the monitor, perhaps as a result of an update? It's not something I knowingly initiated, anyway.
In my case the change is from a driver version 10.0.22621.2506 to a version 10.0.22621.3235, and the driver provider in both cases is Microsoft.
Perhaps it is not the cause, or perhaps so only in a limited number of cases, but it certainly seemed a correlation worth remarking on.