Bob Doll's 2014 Economic and Market Predictions

The U.S. economy will grow 3% as housing starts surpass one million and private employment hits an all-time high, says Bob Doll, Chief Equity Strategist for Nuveen. That's one of his ten predictions for 2014. He also predicts the 10 year Treasury note will yield 3.5% and stocks will end the year higher, but with a 10% correction along the way. Doll is also forecasting that cyclical stocks will outperform defensive ones in the coming year while M&A, Cap-ex and buybacks soar.