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.
Latest articles by John Stepek
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When will the bear market end?
Analysis US stocks are now in bear market territory. Can history tell us when a bottom is likely?
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The Fed really is fighting inflation – so don’t expect an early end to the bear market
Analysis In an attempt to contain raging inflation, the Federal Reserve has raised US interest rates by 0.75 percentage points. And it’s going to keep on raising them till something breaks, says John Stepek.
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Investors are starting to panic – resist joining in
Analysis Markets are falling hard as investors take fright. But whatever you do, says John Stepek, don’t panic. Keep your head and prepare for the opportunities that will eventually arise.
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Russia is now a liability for Western companies
Opinion Companies which have pulled out of Russia have incurred significant costs, but it's been worth it, says John Stepek – they've seen their market value increase.
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Protecting your wealth from inflation won’t be easy – here’s what to do
Opinion US inflation hit a fresh 40-year high last week. That sent markets into a spin over fears of interest rates rising more quickly than expected. John Stepek explains what you should do to protect your wealth.
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Recession talk is a red herring – here’s what investors should focus on instead
Analysis There is a lot of talk of impending recession. But that’s not something you should worry too much about, says John Stepek. What’s more important is that the world is changing – and you need to change the way you invest.
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How to avoid “growth traps”
Analysis When high-growth stocks stumble, the market reaction can be brutal. And there’s plenty more to come, says John Stepek.
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It may not look like it, but the UK housing market is cooling off
Analysis Recent house price statistics show UK house prices rising. But John Stepek explains why the market is in fact slowing down and what this means for you.
By John Stepek Last updated
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Why the UK's investment prospects are improving
Cover Story The outlook for the UK has darkened since last year, but the chancellor’s £15bn energy relief package should mean recession is avoided, says John Stepek.
By John Stepek Last updated
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Has the chancellor done enough to save the UK from recession?
Analysis UK Chancellor Rishi Sunak announced a new package last week to ease the cost of living crisis. John Stepek explains whether the risk of a UK recession still remains.
By John Stepek Published
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Is it time to pick up growth stock bargains yet?
Opinion If you’re thinking of picking up some bargains from the tech stock crash, beware – there are still plenty of “growth traps” out there. John Stepek explains what they are and how not to get burnt.
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Could a stronger euro bring relief to global markets?
Analysis The European Central Bank is set to end its negative interest rate policy. That should bring some relief to markets, says John Stepek. Here’s why.
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The world’s hottest housing markets are faltering – is the UK next?
Analysis As interest rates rise, house prices in the world’s most overpriced markets are starting to fall. The UK’s turn will come, says John Stepek. But will it be a slowdown, or a full-blown crash?
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Three things you should learn from Bill Ackman's brilliant Netflix trade
Tutorials Hedge fund guru Bill Ackman has lost $400m selling Netflix shares. John Stepek explains why this was a brilliant trade, and outlines three things that you can learn from it.
By John Stepek Last updated
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Inflation is now at its highest since 1982 – is this the peak?
Analysis At 9%, UK inflation is at its highest for 40 years – and it’s not going anywhere soon, says John Stepek. That means you need to be much more active about how you manage your money.
By John Stepek Published
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The UK jobs market is still red hot – but will it last?
Analysis For the first time ever, there are more job vacancies than people to fill them, and wages are rising at a decent clip. But that might just be a temporary thing, says John Stepek. Here’s why.
By John Stepek Published
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Why has the Terra stablecoin broken its US dollar peg and should you care?
Analysis The Terra stablecoin is supposed to match the value of the US dollar – but its value has crashed. John Stepek explains what it means for you and your investments.
By John Stepek Published
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The return of the currency wars
Analysis The post-2008 currency wars were all about the race to the bottom. The post-Covid world is very different, says John Stepek.
By John Stepek Published
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The market is adjusting to a new “short dreams, long reality” world
Analysis As interest rates rise, things are starting to change, says John Stepek. Reality is biting back. Gone are the fanciful ideas built on hope – a business now needs a solid foundation.
By John Stepek Published
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The pound slides as the Bank of England warns of stagflation
Analysis The Bank of England raised UK interest rates and warned of soaring inflation and a collapse in economic growth. John Stepek explains what it means for the pound, the economy, and your money.
By John Stepek Published
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Here’s why markets welcomed America’s big interest rate rise
Analysis The US Federal Reserve raised interest rates by half a percentage point – the biggest hike in 20 years. So why did markets rise? John Stepek explains what's going on, and what it might mean for you.
By John Stepek Published
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Are UK house prices heading for a fall?
Analysis UK house-price growth is slowing as interest rates rise. But interest rates aren’t all that matters for house prices, says John Stepek.
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China’s currency is falling – the last time it did this, markets crashed
Analysis China’s currency, the yuan, has seen its biggest drop since 2015. And with a slowing economy, it won't be raising interest rates. John Stepek explains how that will affect the global economy, the markets, and you.
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The pound is falling hard – is a UK recession on the cards?
Analysis The pound has tanked against the US dollar as markets grow increasingly concerned about a recession in the UK. John Stepek asks if anything can save us.
By John Stepek Published
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