Why the stock market rally could run out of cash

Investors may not want to admit it just yet, but the warning signs are coming thick and fast that the party is coming to a close for the stockmarkets. John Stepek explains why, and how to ensure your wealth is safe when the cash runs out.

Since the start of 2010, the world's stock markets have taken more abuse than an unwary aide at 10 Downing Street.

From fears over a Greek default and the collapse of the euro, to worries over tightening monetary policy in China and even the US, the warning signs are coming thick and fast that the end of the party is drawing near.

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John Stepek

John Stepek is a senior reporter at Bloomberg News and a former editor of MoneyWeek magazine. He 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.

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.