- An early correction this year of more than 10% followed by a big rally leading to a 20% gain for the S&P 500 tops Byron Wien's Ten Surprises list for 2014.
- Item #2 is the U.S. economy breaking out of its doldrums, with GDP exceeding 3% and the unemployment rate slipping towards 6%. Surprise #9 is a corollary: The 10-year Treasury yield rises to 4%, but short rates stay anchored near zero - hitting housing, but boosting the dollar.
- The entire list is here ... nice work if you can get it.
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