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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2018 outlook from M&G’s fixed income and multi-asset teams

Episode 15/12/2017  

Here’s a short video I recorded with my multi-asset colleagues Steven Andrew and Tristan Hanson, in which we debate the highlights of 2017 and look ahead to 2018. After 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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What would a UK Sovereign Wealth Fund look like?

Episode 15/12/2017  

Last month, Tristan Hanson and I made a proposal for a sovereign wealth fund (‘SWF’). It triggered a substantial debate. How would it operate in practice? Are we trying to… 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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Black Friday highlights how we treat asset prices differently to other goods.

Episode 24/11/2017  

The annual ‘Black Friday’ phenomenon is well known for producing some unusual human behaviour. Consumers rush to take advantage of lower prices, displaying the classic biases associated with group dynamics:… 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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Is it time to short equity markets?

Episode 22/11/2017  

As we have mentioned repeatedly on this blog, the change in market mood since the pivotal moment in the middle of 2016 has been staggering. Extreme pessimism has given way… 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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US yield curve flattening: nothing to see here

Episode 15/11/2017  

The flattening of the US yield curve has inspired much commentary and hand-wringing in certain quarters lately. The concern is overdone. Looking back at periods of rising US policy rates… 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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Thinking (and feeling) about risks

Episode 19/10/2017  

New York, New York… Imagine the excitement. In a moment of spontaneity, you’ve decided to treat yourself and your other half to a last minute trip to New York. You’ve… 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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