As stocks hover around the break even mark in Friday's trading session with little news to trade on, Peter Cardillo, Chief Market Economist of Rockwell Global Capital says equities are due for a mild pullback. But that downdraft won't last, he says, and an uptick in Treasury yields won't thwart ultimate gains for stocks either. Cardillo expects stocks, while not performing as impressively as 2013, will again be on an upswing in 2014. TheStreet's Jeanne Yurman reports from the New York Stock Exchange.

This article was written by a staff member of TheStreet.

More from Video

Jim Cramer: I've Liked Six Flags Entertainment Stock as an Income Producer

Jim Cramer: I've Liked Six Flags Entertainment Stock as an Income Producer

Video: Jim Cramer Reveals Why He's Cautious on Stocks

Video: Jim Cramer Reveals Why He's Cautious on Stocks

Jim Cramer on Autonomous Driving Prowess of Texas Instruments

Jim Cramer on Autonomous Driving Prowess of Texas Instruments

Video: Jim Cramer on Caterpillar, Boeing, Twitter and Texas Instruments

Video: Jim Cramer on Caterpillar, Boeing, Twitter and Texas Instruments

Jim Cramer on Earnings: All Stories Aren't Equal

Jim Cramer on Earnings: All Stories Aren't Equal