AUTHOR

John Stepek

John is the executive editor of MoneyWeek and writes our daily investment email, Money Morning. John graduated from Strathclyde University with a degree in psychology in 1996 and has always been fascinated by the gap between the way the market works in theory and the way it works in practice, and by how our deep-rooted instincts work against our best interests as investors.

He started out in journalism by writing articles about the specific business challenges facing family firms. In 2003, he took a job on the finance desk of Teletext, where he spent two years covering the markets and breaking financial news. John joined MoneyWeek in 2005.

His work has been published in Families in Business, Shares magazine, Spear's Magazine, The Sunday Times, and The Spectator among others. He has also appeared as an expert commentator on BBC Radio 4's Today programme, BBC Radio Scotland, Newsnight, Daily Politics and Bloomberg. His first book, on contrarian investing, The Sceptical Investor, was released in March 2019. You can follow John on Twitter at @john_stepek.

Inflation is the easiest way out of this – just don’t expect politicians to admit it
Inflation

Inflation is the easiest way out of this – just don’t expect politicians to admit it

The UK government borrowed £34.1bn in December, a record amount for that month. Britain's debt pile now amounts to 100% of GDP. How are we going to pa…
22 Jan 2021
The world’s fund managers are getting very bullish – be careful out there
Stockmarkets

The world’s fund managers are getting very bullish – be careful out there

The latest survey of fund managers shows them to be extremely bullish on all the same things. And that, says John Stepek, means the market is in dange…
21 Jan 2021
Inflation looks likely to take off this year – but there’s one key risk
Inflation

Inflation looks likely to take off this year – but there’s one key risk

With the world’s governments spending money hand over fist, inflation looks certain to take off at some point. But China could change all that. John S…
19 Jan 2021
It's not just the UK – we're seeing pandemic housing booms across the globe
Property

It's not just the UK – we're seeing pandemic housing booms across the globe

Soaring house prices aren’t just a UK thing, they’re a worldwide phenomenon. And it’s no coincidence – the underlying cause is much the same. John Ste…
18 Jan 2021
Prepare for the end of the epic bubble in US stocks
US stockmarkets

Prepare for the end of the epic bubble in US stocks

US stocks are as expensive as they’ve ever been. How can you prepare your portfolio for a bubble bursting?
18 Jan 2021
The charts that matter: bubbling over?
Global Economy

The charts that matter: bubbling over?

As markets get decidedly bubbly, John Stepek looks at the action in the charts that matter most to the global economy.
16 Jan 2021
Forget austerity – governments and central banks have no intention of cutting back
Global Economy

Forget austerity – governments and central banks have no intention of cutting back

Once the pandemic is over will we return to an era of austerity to pay for all the stimulus? Not likely, says John Stepek. The money will continue to …
15 Jan 2021
A simple way to profit from the next big trend change in the markets
Investment strategy

A simple way to profit from the next big trend change in the markets

Change is coming to the markets as the tech-stock bull market of the 2010s is replaced by a new cycle of rising commodity prices. John Stepek explains…
14 Jan 2021
The price of this commodity has almost doubled since the start of the year
Gas

The price of this commodity has almost doubled since the start of the year

Liquefied natural gas (LNG) is fetching record prices in Asia, almost doubling in the last two weeks alone. John Stepek explains why this is so import…
12 Jan 2021
Yes US stocks are in a big bubble. But when will it burst?
US stockmarkets

Yes US stocks are in a big bubble. But when will it burst?

There are plenty of indicators to suggest that US stocks are in a massive bubble right now, says John Stepek. Here, he looks at what might pop it.
11 Jan 2021
Why now is a good time to rebalance your portfolio
Investment strategy

Why now is a good time to rebalance your portfolio

Rebalancing your portfolio is a healthy financial habit. But it could be particularly important this year, says John Stepek.
11 Jan 2021
The charts that matter: the dollar bounces, bitcoin soars, Tesla roars
Global Economy

The charts that matter: the dollar bounces, bitcoin soars, Tesla roars

As bitcoin and Tesla go stratospheric and the US dollar rebounds, John Stepek looks at the charts that matter most to the global economy.
9 Jan 2021
How rising oil prices could prick the US stockmarket bubble
Oil

How rising oil prices could prick the US stockmarket bubble

Even with the coronavirus resurgent and much of the world going back into lockdown, the oil price is rising. That could deal a serious blow to the US …
8 Jan 2021
Here’s why markets have shrugged off the US political turmoil
Investment strategy

Here’s why markets have shrugged off the US political turmoil

Despite all the current political shenanigans in the US, markets couldn’t seem to care less. John Stepek explains why, and what it means for your mone…
7 Jan 2021
When lockdown ends, be prepared for an inflationary surprise
UK Economy

When lockdown ends, be prepared for an inflationary surprise

The government is pouring more money into the economy to tide businesses over the latest lockdown. Once lockdown ends, says John Stepek,we should see …
5 Jan 2021
Here’s why you should pay attention to the Chinese yuan
Currencies

Here’s why you should pay attention to the Chinese yuan

The Chinese yuan is at its strongest level for over two years – and a strong yuan means higher inflation. That’s something you need to prepare for, sa…
5 Jan 2021
What does the Brexit deal mean for your money?
UK stockmarkets

What does the Brexit deal mean for your money?

There is still a lot of talking to be done between the UK and the EU over the Brexit deal, but it does at least provide some certainty. John Stepek ex…
4 Jan 2021
Will Britain’s 2020 house-price boom continue in 2021?
House prices

Will Britain’s 2020 house-price boom continue in 2021?

House prices in the UK were hardly cheap going into this year. Yet now, despite the Covid-19 pandemic, they are rising fast. Can it continue into 2021…
2 Jan 2021
My must-read of 2020: a page-turning biography of Keynes
Investment strategy

My must-read of 2020: a page-turning biography of Keynes

John Stepek recommends some of his favourite financial books for you to read as lockdowns continue, including a surprisingly gripping biography of the…
31 Dec 2020
Eight of the most stimulating conversations we had in 2020
Investment strategy

Eight of the most stimulating conversations we had in 2020

John Stepek takes a look back through the 2020 archive of MoneyWeek Podcasts and flags up some of the best conversations of the year.
30 Dec 2020
This market did remarkably well in 2020 and almost no one noticed
Global Economy

This market did remarkably well in 2020 and almost no one noticed

Away from the headlines, two big things happened this year, says John Stepek. There was an important shift in the way governments think. And Japan’s s…
29 Dec 2020
Will 2021 hold one last deflation scare?
Global Economy

Will 2021 hold one last deflation scare?

With many looking ahead to a world of high inflation, John Stepek looks at a couple of potential scenarios that could give the world one last deflatio…
28 Dec 2020
House prices boomed this year: but will that continue in 2021?
House prices

House prices boomed this year: but will that continue in 2021?

Despite everything, it’s been a good year for UK house prices. John Stpeek looks at what’s been driving the rise and asks if that will carry on into 2…
24 Dec 2020
What to invest in as we move into a world beyond lockdown
Share tips

What to invest in as we move into a world beyond lockdown

Has Covid-19 changed our relationship with cities for good? Will government responses to the pandemic finally ignite inflation this year? John Stepek …
24 Dec 2020
The most important theme for investors in 2021
Investment strategy

The most important theme for investors in 2021

When the world returns to normal, the recovery will be much faster than from any normal recession. And that means there’s one very important thing to …
22 Dec 2020
Christmas is cancelled, Britain's blockaded – what does that mean for your money?
Investment strategy

Christmas is cancelled, Britain's blockaded – what does that mean for your money?

In the space of a weekend, we’ve gone from looking forward to Christmas and the arrival of a vaccine, to lockdowns and border closures. John Stepek ex…
21 Dec 2020
The charts that matter: bitcoin surges to a new record high
Global Economy

The charts that matter: bitcoin surges to a new record high

As bitcoin storms through its previous record high price, John Stepek looks at how it's affected the charts that matter most to the global economy.
19 Dec 2020
What the current state of the Brexit talks means for investors
Brexit

What the current state of the Brexit talks means for investors

As Brexit talks extend into the festive period, anyone hoping the issue will disappear is set to be disappointed. The good news for investors, however…
18 Dec 2020
Bitcoin has hit a new record high – and this time the professionals are piling in too
Bitcoin

Bitcoin has hit a new record high – and this time the professionals are piling in too

The price of bitcoin has risen above $20,000 for the first time. And, with at least one respected investment trust buying in, it’s no longer just a fr…
17 Dec 2020
Is the reflation trade already priced into markets?
Investment strategy

Is the reflation trade already priced into markets?

Investors are betting that US stocks will lead the way as the global economy rebounds from Covid-19. But if you truly believe in the reflation trade, …
15 Dec 2020
The market is looking bubbly – here's the best defence for investors right now
Investment strategy

The market is looking bubbly – here's the best defence for investors right now

We've been living through a stockmarket bubble built on low interest rates and tech monopolies. But the trend could be about to turn, says John Stepek…
14 Dec 2020
US stocks are cheaper than they look – but are they cheap enough?
Investment strategy

US stocks are cheaper than they look – but are they cheap enough?

Adjusted for low interest rates, US stocks are not as pricey as they seem. But you may still be better off elsewhere, says John Stepek.
14 Dec 2020
The charts that matter: the ECB disappoints, bitcoin slips
Global Economy

The charts that matter: the ECB disappoints, bitcoin slips

The European Central Bank under-delivered in its latest meeting on monetary policy, and bitcoin slipped back a little this week. John Stepek looks at …
12 Dec 2020
Which assets would do best from the return of inflation?
Investment strategy

Which assets would do best from the return of inflation?

If inflation becomes a genuine concern for investors, it would transform today's markets. John Stepek looks at which assets might prosper amid the tur…
11 Dec 2020
The most important economic trend of the last 40 years is about to reverse
Investment strategy

The most important economic trend of the last 40 years is about to reverse

The relevance of the time value of money – that today's money is worth more than tomorrow's money – has diminished in recent decades. But it's about t…
10 Dec 2020
The charts that matter: Yellen’s return injects life into markets
Global Economy

The charts that matter: Yellen’s return injects life into markets

Joe Biden’s pick of Janet Yellen as US treasury secretary has pepped markets up. John Stepek looks at how it’s affected the charts that matter the mos…
5 Dec 2020