New York
LAST year was one of unusually big surprises for markets - none more so than the election of Donald Trump. Not only were many money managers and experts dead wrong about his chances, but they were doubly wrong in betting on a big market selloff in the event he won.
Mr Trump's victory kicked off a continuing stock rally that left the Standard & Poor's 500 stock index up nearly 10 per cent by the end of 2016, a gain few anticipated.
But there were other major moves in markets last year. After interest rates hit what some have called a 5,000-year low (but who's counting?) - and moved into the through-the-looking-glass realm of negative returns in some parts of Europe - they suddenly reversed...
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