2016 has to go down in history as the worst year for forecasters ever. Who would have predicted that the China market would collapse 25% in the first month of the calendar year, after dropping 40% in 2015, then only to rebound by year end? And the Bank of Japan reducing interest rates into negative territory, pulling 20-30% of the global bond market into negative yields. And commodities! Oil from $100 skyfalling to $30 and then back to $60, bringing the rest of the resource stuff – iron ore, copper, coal up, up and away!
 
Then Duterte, a maverick who became President of Philippines amongst high hopes, saw his country becoming the worst performing ASEAN stock market of the year. Then Brexit happened. But then again maybe it’s not possible after all due to technicalities. Or it might take a full 10 years to fully exit. Then a King died, …