Many asset classes are very expensive right now. But investors remain remarkably complacent. Be on your guard, says John Stepek.
Articles written by John Stepek
John Stepek explains how the world of so-called smart beta is undergoing a replicability crisis.
Ineffective and lurching from one crisis to another, Donald Trump is America’s most unpopular president ever. If he were to be impeached, asks John Stepek, would the markets even care?
Markets are very calm right now, with investors piling into “low volatility” assets. But that stability can lead to extreme instability with very little warning. John Stepek explains why.
Many people think there’s no bubble in the bond market because investors aren’t excited enough. But boring markets can crash just as heavily as exciting ones, says John Stepek.
Employment levels are high and credit is loose – so why on earth aren’t prices rising, asks John Stepek.
Regarded as a daring investment all too recently, European stocks have become the flavour of the month. John Stepek suggests a better place to put your money.
Investors borrowing a company’s shares to sell is often a bad sign, says John Stepek.
The piles of dodgy debt building up are unpleasantly reminiscent of the last financial crisis, says John Stepek. Is cheap money about to draw us into another one?
Received wisdom has it that Amazon will eventually wipe traditional retailers from the face of the earth. But John Stepek’s not so sure. Here’s why.