Turning to 2017, Rice says China will become more of a problem as its mini-boom comes to an end, cyclical stocks have had a “great year” as China reflated but the time has come to sell in anticipation of a downturn, he added.
On Brexit, Rice is an optimist, and insists it is economically and politically worse for Europe than the UK, giving the UK a stronger-hand in the upcoming negotiations.
However, despite political shocks and fluctuations, Rice says investors should ignore the political cycle and focus instead on the economic world, believing the investment cycle dances to its own tune.
