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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How to be better at selling stocks
Advice There is plenty of advice around about buying stocks, but not so much about when you should sell. John Stepek explains the two key things to know about selling stocks.
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US inflation is at its highest since 1982. Why aren’t markets panicking?
Analysis US inflation is at 7% – the last time it was this high interest rates were at 14%. But instead of panicking, markets just shrugged. John Stepek explains why they’re so relaxed about things.
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The booming jobs market points to inflation lasting for longer
Analysis It’s a good time to be looking for a job, with plenty of vacancies and wages rising. But higher wagers are driving inflation up – and it’s not just a temporary thing. John Stepek explains what it means for your money.
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What does 2022 hold for UK house prices?
Analysis UK house prices are rising at their fastest rate since the financial crash of 2008. John Stepek looks at where they might go in the coming year.
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Interest rates might rise faster than expected – what does that mean for your money?
Analysis The idea that the US Federal Reserve could raise interest rates much earlier than anticipated has upset the markets. John Stepek explains why, and what it means for you.
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Equity markets are growing again – but that might not be good news for investors
Analysis Last year was one of the busiest ever for new stockmarket listings. That may sound like good news for investors, but it spells tricky times ahead, says John Stepek. Here's why.
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The half-full glass: four big economic events that could go right in 2022
Opinion After a year in which many people’s positive hopes were dashed by reality, John Stepek looks forward to 2022 with four scenarios that could go right next year.
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The half-empty glass: four big economic events that could go wrong in 2022
Analysis John Stepek looks forward to 2022 and proposes four disastrous scenarios that may or may not play out, but that are certainly worth bearing in mind.
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Nine of the most interesting conversations we had in 2021
Opinion John Stepek looks back at some of the guests we've had on the MoneyWeek podcast over the last year.
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Six of the most interesting books I read in 2021
Reviews John Stepek picks six of his favourite books covering everything from blockchain to stockpicking, and the perils of doing business in Russia.
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Will emerging markets have a better 2022, or is it downhill from here?
Analysis Emerging market equities had a dismal year in 2021. John Stepek asks if 2022 will be any better, and takes a look at some of the most promising areas for investors.
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How Omicron could trigger stagflation
Analysis As Omicron runs rife, populations are hunkering down, stifling consumption and growth. But with politicians and central banks reluctant to spend, that raises the threat of stagflation. John Stepek explains why.
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The Bank of England clearly still doesn't believe inflation is here to stay
Analysis The Bank of England surprised markets on Thursday and raised interest rates the first time since 2018 to 0.25%. John Stepek looks at what this means for your money.
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The US central bank is winding down QE faster than planned – so why are markets bouncing?
Analysis The Federal Reserve is to speed up the pace at which it is winding down QE, its money-printing programme. But instead of going into shock, stockmarkets rose. John Stepek explains what's going on.
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UK inflation hits a 30-year high – but will the Bank of England raise interest rates?
Analysis UK inflation is now rising at a rate of 5.1% a year – its highest in 30 years and a lot higher than the Bank’s target of 2%. So, asks John Stepek, will the Bank of England Raise interest rates?
By John Stepek Published
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US inflation is at a near-40-year high. So why are markets so calm?
Analysis US inflation is rising at 6.8% a year – the highest level for nearly four decades. But markets still seem to be taking it in their stride. John Stepek explains why.
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Evergrande has finally officially defaulted – what does that mean for your money?
Analysis Evergrande, the Chinese property giant, has defaulted on its debts. John Stepek asks if it is just the first in a long line of Chinese property companies to fail, and what it might mean for you.
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What tightening Covid rules mean for your money
Analysis The government has introduced new rules to slow the spread of Covid. John Stepek looks at what they could mean for the markets, interest rates, and your money.
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High house prices are bad news for us all
Analysis UK house prices are rising at their fastest rate in 15 years. John Stepek breaks down why.
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Has the “jam tomorrow” bubble popped already?
Analysis Fund managers have had a good year so far. John Stepek looks at what to expect from markets until year end.
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Could the oil price hit $150 a barrel by 2023?
Analysis The oil price has fallen as a new strain of Covid brings fresh restrictions around the world. But in the long run it’s a different story, with some analysts predicting $150 a barrel. John Stepek looks at how likely that is.
By John Stepek Published
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It’s official – inflation is no longer transitory
Analysis America’s central bank has had a change of heart on inflation, and wants to retire the word “transitory”. John Stepek explains what that means for markets, the economy, and for you.
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What the Omicron variant means for your money
Analysis The Omicron variant of Covid-19 is panicking the markets. Will we see a new lockdown? What does it mean for the economic recovery, for inflation and for your portfolio? John Stepek explains.
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What would another lockdown mean for markets?
Analysis A nasty new strain of Covid-19 has already sent markets tumbling, with the threat of further lockdowns now in the air. John Stepek looks at what that could mean for your wealth.
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