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.

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Global Economy

Who’s going to pay for the war on coronavirus?

Central banks and governments are throwing money at coronavirus to stem the pandemic and prop up their economies. But who's actually footing the bill?…
6 Apr 2020
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Property

House prices and Covid-19

The housing market is in deep freeze – what happens when it thaws out?
5 Apr 2020
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Global Economy

The charts that matter: recession is here – how deep it will get?

After a week in which US unemployment claims topped six million, John Stepek looks at how the charts that matter most to the global economy are lookin…
4 Apr 2020
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Oil

Oil shoots higher – have we seen the bottom for the big oil companies?

Just a few days ago everyone was worried about negative oil prices. Now, the market has turned upwards. John Stepek explains what’s behind the rise an…
3 Apr 2020
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Stockmarkets

Has the stockmarket hit rock bottom yet?

The world's stockmarkets continue on their wild and disorientating rollercoaster ride. Investors are still gripped by fear. So, asks John Stepek, have…
2 Apr 2020
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Investment strategy

How to shield your portfolio from dividend disaster

As the coronavirus shutdown hammers corporate earnings, many dividends have been cut or face being suspended. John Stepek explains what to do if you’r…
31 Mar 2020
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Oil

Oil prices have collapsed – and some argue that they could even turn negative

With an excess of supply and a drastic cut in demand, the oil price has been hammered this year. John Stepek looks at what that means for oil produce…
30 Mar 2020
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Global Economy

The charts that matter: are we there yet?

Markets rallied in a week when the world's central banks unleashed a torrent of newly-printed money. John Stepek looks at what's happened to the chart…
28 Mar 2020
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Property

What does the coronavirus crisis mean for UK house prices?

With the whole country in lockdown, the UK property market is closed for business. John Stepek looks at what that means for UK house prices, housebuil…
27 Mar 2020
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Governments and central banks have acted on coronavirus: is it time to buy?

The authorities are taking unprecedented measures to combat coronavirus. Are they enough? Are they too much? And what happens after the crisis is past…
26 Mar 2020
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EU Economy

The European Central Bank throws away the rulebook to bail out Italy

The ECB has removed all constraints on asset purchases and will now buy “whatever it takes” to tackle the coronavirus. John Stepek explains what it me…
26 Mar 2020
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Stockmarkets

The Federal Reserve goes all-out in the battle against coronavirus

In the biggest central bank intervention yet, the US Federal Reserve has come out all guns blazing. John Stepek looks at what it’s doing and how it’s …
24 Mar 2020
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Stockmarkets

Markets are starting to realise just how bad the coronavirus crisis will be

As governments around the world throw everything including the kitchen sink in the fight against coronavirus, markets are reaching the “moment of maxi…
23 Mar 2020
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Global Economy

The charts that matter: the helicopters are unleashed

In a week when all sense of what's normal went out the window, John Stepek looks at what's happened to the charts that matter most to the global econo…
21 Mar 2020
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Government bonds

The corona crisis will mark the end of the longest-running trend in markets

With politicians and central bankers enthusiastically embracing money printing and a recession almost certainly not too far off, the slide in bond yie…
20 Mar 2020
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UK Economy

The Bank of England chucks the kitchen sink at coronavirus

The Bank of England has cut the UK’s key interest rate to just 0.1%, making it very clear that it really will do “whatever it takes”.
19 Mar 2020
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The coronavirus crisis: will the cure be worse than the disease?

Governments and central banks across the globe are scrambling to get ahead of the coronavirus crisis, writes John Stepek. Will they succeed? And what …
19 Mar 2020
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Currencies

How the US dollar standard is now suffocating the global economy

In times of crisis, everyone wants cash. But not just any cash – they want the US dollar. John Stepek explains why the rush for dollars is putting a b…
19 Mar 2020
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Investments

The helicopters are being warmed up – we might be closer to a bottom than you think

Governments are starting to act to bolster their economies against coronavirus. But, asks John Stepek, will throwing money at the problem slow the mar…
17 Mar 2020
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Global Economy

Helicopter money is coming very soon – but what form will it take?

We’re heading for a”new normal”, says John Stepek – fiscal stimulus, and lots of it. Here’s what that really means.
16 Mar 2020
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Investment trusts

Now could be a good time to bag an investment bargain

We like investment trusts here at MoneyWeek. And they can be even better during a market crash.
16 Mar 2020
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Global Economy

The charts that matter: that was a week for the history books

John Stepek looks at how the events of a remarkable week in the markets have affected the charts that matter most to the global economy.
14 Mar 2020
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Stockmarkets

What can we learn from the market crash? And what can we buy now?

Most major global stockmarkets fell by about 10% yesterday. But some solid defensive investment trusts have preserved investors' capital nicely, says …
13 Mar 2020
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Stockmarkets

The FTSE is down more than 10% today. So what now?

UK markets crashed today, down more than 10%. US markets joined in too, as investors’ faith in the authorities dwindled. John Stepek looks at what to …
12 Mar 2020
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Stockmarkets

Buckle up – there’s a lot more financial market turbulence to come

Markets are having another bad day. And while investors feel the worst effects of coronavirus haven’t been priced in, that will continue. John Stepek …
12 Mar 2020
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UK Economy

Interest-rate cut: here’s what the Bank of England is doing to tackle coronavirus

The Bank of England has cut interest rates by 0.5 percentage points to just 0.25%. John Stepek explains how this could help tide the economy over the …
11 Mar 2020
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Investment strategy

Dark days for value investors

History suggests that cheap, unloved stocks usually have their day. But how long will value investors have to wait?
10 Mar 2020
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Government bonds

Is this the last hurrah for the government bond bubble?

Traditionally, the government bond market is one of the most boring on the planet. Not any more, says John Stepek. Things have blown up big time. Here…
9 Mar 2020
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Oil

Black Monday: what the oil price crash means for your money

Oil gave investors a nasty shock today as the price of crude fell harder than at any time for nearly 30 years. John Stepek explains why, and what it m…
9 Mar 2020
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Global Economy

The charts that matter: fear takes over

As the US cut interest rates and the markets tanked further, John Stepek looks at how the week's events have affected the charts that matter the most …
7 Mar 2020
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Corporate bonds

Coronavirus could be the pin to pop the corporate debt bubble

Investors need to beware, says John Stepek. Companies have been loading up on cheap debt, which the coronavirus outbreak could make very difficult to …
6 Mar 2020
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Stockmarkets

Coronavirus: what happens next?

The immediate impact of the coronavirus outbreak is bad enough, writes John Stepek. But the real risk is that it could change our financial system for…
5 Mar 2020
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UK Economy

Coronavirus is the ideal excuse for governments to blow the budget

The world's current governments didn't really need an excuse to go on a spending spree. But in the coronavirus epidemic, they've now got one. Expect t…
5 Mar 2020
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Stockmarkets

Phew! The G7 rides to the markets’ rescue

G7 finance ministers are to discuss the effects of the coronavirus outbreak on the world’s markets and economy. John Stepek looks at what – if anythin…
3 Mar 2020
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Stockmarkets

Coronavirus: buying opportunity or end of the road?

With stockmarkets making double-digit falls last week, central banks could throw more stimulus their way. But will it work? And does that mean it’s a …
2 Mar 2020
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Global Economy

The charts that matter: corona panic breaks out

As the markets finally succumbed to coronavirus fears, John Stepek looks at how it's affected the charts that matter most to the global economy.
29 Feb 2020
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