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.

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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A summary of Q3 2017: synchronised expansion, bubble fears and policy confusion

Episode 02/10/2017  

Equity markets generally delivered strong returns The MSCI All Country World delivered 5.1% in Q3, with most major markets providing positive returns: Brazil was a notable standout on the positive… 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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Behavioural Finance has a semantics problem

Episode 17/09/2017  

Clients are rightly sceptical when we talk about applying behavioural finance to analysing market behaviour. Behavioural finance seems very “woolly” at the best of times and most of the well-known… Read more »

Be wary of our obsession with anniversaries

Episode 10/08/2017  

Last month apparently represented the twentieth anniversary of the start of the Asian crisis, and five years since Draghi’s ‘whatever it takes’ speech. This week apparently marks the ten-year anniversary… 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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Episodes change the risk properties of assets: Brazil edition

Episode 12/07/2017  

The last two weeks have seen a relatively sharp increase in developed market government bond yields, seemingly driven by a perceived change in tone from central banks. The moves are… 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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