Author Archives: Stuart Canning

About Stuart Canning

Stuart is a research analyst for the M&G Multi-Asset team and is editor of the Episode blog. He joined M&G in 2005 and has worked in the Episode team since 2007. Stuart has a degree in English and History from York University and is a CFA charterholder.

A summary of Q1 2018. Chaos reigns: Trade, Tech, and Treasuries

Episode 03/04/2018  

Volatility returned in February, but not the kind of volatility we have been used to for much of the period since the financial crisis. Instead of being about growth fears,… Read more »

The value of investments will fluctuate, which will cause prices to fall as well as rise and you may not get back the original amount you invested. Past performance is not a guide to future performance.


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Surprise indices – a reminder

Episode 21/03/2018  

In the midst of February’s volatility most of the reasons given to explain equity market declines centred on the role of rising US bond yields and, perhaps, the exaggerating role… Read more »

The value of investments will fluctuate, which will cause prices to fall as well as rise and you may not get back the original amount you invested. Past performance is not a guide to future performance.


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“How was your February?” – What did we learn from recent price action?

Episode 05/03/2018  

It is always worrying to hear investors ask how managers performed over very short time horizons. It seems very unlikely that a couple of weeks’ performance can tell you much… Read more »

The value of investments will fluctuate, which will cause prices to fall as well as rise and you may not get back the original amount you invested. Past performance is not a guide to future performance.


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Thank goodness for the end of ‘easy money’

Episode 25/01/2018  

Have we climbed the ‘wall of worry’? Or: How I learned to stop worrying and love the boom… Read more »

The value of investments will fluctuate, which will cause prices to fall as well as rise and you may not get back the original amount you invested. Past performance is not a guide to future performance.


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A summary of Q4 2017:

Episode 11/01/2018  

Have we climbed the ‘wall of worry’? Or: How I learned to stop worrying and love the boom… Read more »

The value of investments will fluctuate, which will cause prices to fall as well as rise and you may not get back the original amount you invested. Past performance is not a guide to future performance.


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2018 Market Calendar: Will these be the major financial events in 2018?

Episode 03/01/2018  

There are a couple of reasons why we don’t believe that forecasting short term events is a sustainable investment approach. First, it is very difficult: how can one have a… Read more »

The value of investments will fluctuate, which will cause prices to fall as well as rise and you may not get back the original amount you invested. Past performance is not a guide to future performance.


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2017: A year in episodes?

Episode 30/12/2017  

While 2016 ‘felt’ very eventful for investors, the defining feature of markets in 2017 for many has been the lack of volatility.* Does this mean that there were no ‘episodes’… Read more »

The value of investments will fluctuate, which will cause prices to fall as well as rise and you may not get back the original amount you invested. Past performance is not a guide to future performance.


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What can Bitcoin tell us about efficient markets, episodes, and the role of valuation?

Episode 01/12/2017  

One should probably be wary of writing yet another article on Bitcoin. If the number of press articles and blog posts was an indicator of bubbles, then there would be… Read more »

The value of investments will fluctuate, which will cause prices to fall as well as rise and you may not get back the original amount you invested. Past performance is not a guide to future performance.


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Are markets ignoring the news? The Catalan crisis as a case study

Episode 01/11/2017  

We are told that markets are ignoring news flow today in the hunt for short term gains. In part this seems to be an issue of salience. The news which… Read more »

The value of investments will fluctuate, which will cause prices to fall as well as rise and you may not get back the original amount you invested. Past performance is not a guide to future performance.


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