U.S. stocks are like a duck, floating on a quiet pond – calm above the surface, but lots of furious churning invisible to the naked eye. The S&P 500 looks like it will end the first quarter within a hair of the 1848 level where it started the year, but that doesn’t mean everything else is all stasis and light. Today we offer up a quick ‘Top 10’ list of surprises from the last 90 days. Gold, for example, is back from the grave, up 7.3%. So is an imperial Russia, with the biggest land grab since the building of the Berlin Wall. Mutual fund flows are ahead of exchange traded funds by a factor of 5:1. And most of those ETF inflows are into bond funds, not the “Great Rotation” we all expected into stocks. The 10-year U.S. Treasury yields all of 2.67%, and bonds have bested U.S. stocks consistently in 2014. First quarter 2014 may not have been a long trip, but it certainly has been strange.