3. The Federal Reserve raises interest rates, as short-term rates rise more than long-term rates.

4. The European Central Bank institutes a large-scale quantitative easing program.

5. The U.S. contributes more to global GDP growth than China for the first time since 2006.

6. U.S. equities enjoy another good yet volatile year, as corporate earnings and the U.S. dollar rise.

7. The technology, health care and telecom sectors outperform utilities, energy and materials.

8. Oil prices fall further before ending the year higher than where they began.

9. U.S. equity mutual funds show their first significant inflows since 2004.

10. The Republican and Democratic presidential nominations remain wide open.

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