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.

The charts that matter: the stimulus tug of war continues 
Global Economy

The charts that matter: the stimulus tug of war continues 

As the world's government throw money at their economies, John Stepek looks at how it's affecting the charts that matter most to the global economy.
24 Oct 2020
Big spending government is here to stay – just ask Rishi Sunak
UK Economy

Big spending government is here to stay – just ask Rishi Sunak

Governments around the world are splashing huge amounts of cash as they do “whatever it takes” to prop up their economies. John Stepek looks at where …
23 Oct 2020
Why commodities could be the best investment for 2021
Commodities

Why commodities could be the best investment for 2021

There’s plenty for investors to worry about right now. But things will inevitably recover. And the sector most likely to do best when they do, says Jo…
22 Oct 2020
What’s the world’s most hated market? I hate to say it, but you probably live there
UK stockmarkets

What’s the world’s most hated market? I hate to say it, but you probably live there

UK stocks are among the most hated in the world – almost nobody is buying. John Stepek explains why, and wonders if that presents an opportunity for c…
20 Oct 2020
The charts that matter: pre-election paralysis
Global Economy

The charts that matter: pre-election paralysis

Markets are caught in the headlights as the US election approaches fast – John Stepek looks at how the charts that matter most to the global economy a…
17 Oct 2020
Oil shares have never been this cheap – but will they just get even cheaper?
Energy

Oil shares have never been this cheap – but will they just get even cheaper?

The oil sector is staggeringly cheap. But oil is still one of the most important commodities in the world. John Stepek looks at where energy stocks mi…
16 Oct 2020
What would negative interest rates mean for your money?
UK Economy

What would negative interest rates mean for your money?

There has been much talk of the Bank of England introducing negative interest rates. John Stepek explains why they might do that, and what it would me…
15 Oct 2020
The charts that matter: it’s all about the stimulus
Global Economy

The charts that matter: it’s all about the stimulus

John Stepek looks at how homes of a pre-election stimulus deal in the US have affected the charts that matter most to the global economy.
10 Oct 2020
Oil stocks: share prices in this hated sector are back at their Covid-19 lows – time to buy?
Oil price

Oil stocks: share prices in this hated sector are back at their Covid-19 lows – time to buy?

Demand for oil plummeted as the world locked itself down, and oil producers’ share prices remain stuck at rock bottom. John Stepek explains why the se…
8 Oct 2020
House prices are rising across the globe, not just in the UK
House prices

House prices are rising across the globe, not just in the UK

Despite everything, UK house prices are still rising. It’s tempting to think this is a uniquely British phenomenon, but it’s a global trend. John Step…
6 Oct 2020
The charts that matter: a surprisingly uneventful week in markets
Global Economy

The charts that matter: a surprisingly uneventful week in markets

John Stepek looks back over the last seven days to see what effect their events have had on the charts that matter most to the global economy.
3 Oct 2020
Trump’s Covid diagnosis has rattled markets – but you should sit tight
US stockmarkets

Trump’s Covid diagnosis has rattled markets – but you should sit tight

Donald Trump’s positive test for Covid-19 sent the markets into a tizz. But it’s not worth changing your investment plans over, says John Stepek. Here…
2 Oct 2020
It’s getting harder for big investors to ignore gold
Gold

It’s getting harder for big investors to ignore gold

The world’s biggest hedge fund group has come out in favour of gold. John Stepek explains why you should own gold too, and what would happen to the pr…
1 Oct 2020
Investors are shunning UK stocks – but they might regret that in a year’s time
UK stockmarkets

Investors are shunning UK stocks – but they might regret that in a year’s time

There are a number of reasons why investors aren't buying UK stocks, says John Stepek. But they may want to rethink that strategy.
29 Sep 2020
The charts that matter: the dollar flexes its muscles
Global Economy

The charts that matter: the dollar flexes its muscles

As the US dollar made significant gains this week, everything else sold off. John Stepek looks at how it's affected the charts that matter most to the…
26 Sep 2020
Can Rishi Sunak’s winter plan save the UK economy?
UK Economy

Can Rishi Sunak’s winter plan save the UK economy?

With his Winter Economic Plan, chancellor Rishi Sunak is hoping to support the economy through the dark months ahead as restrictions tighten again. Jo…
25 Sep 2020
The triumph of the blob: how passive investing could devour markets
Investment strategy

The triumph of the blob: how passive investing could devour markets

We’re fans of passive investing at MoneyWeek. But is the rapid growth in passive ownership having a detrimental effect on the way that markets work? I…
24 Sep 2020
The electric-car bubble could get an awful lot bigger from here
Renewables

The electric-car bubble could get an awful lot bigger from here

The switch to electric cars is driving a huge investment bubble. But that’s not necessarily a bad thing, says John Stepek. Fortunes will be made and l…
24 Sep 2020
Oil producers are back at their Covid-19 lows – is it time to buy?
Oil

Oil producers are back at their Covid-19 lows – is it time to buy?

With demand for oil hammered by Covid-19 and talk of “peak oil demand”, there are lots of good reasons to be bearish on oil producers. So, asks John S…
22 Sep 2020
The charts that matter: China’s recovery bolsters the yuan
Global Economy

The charts that matter: China’s recovery bolsters the yuan

China's strengthening currency is a sign of confidence in the country's economic recovery. John Stepek looks at the yuan chart, and all of the others …
19 Sep 2020
Will a second wave of Covid lead to another stockmarket crash?
Stockmarkets

Will a second wave of Covid lead to another stockmarket crash?

Can we expect to see another lockdown like in March, and what will that mean for your money? John Stepek explains.
18 Sep 2020
Is this the end of the oil era? And if so, what should you invest in?
Oil

Is this the end of the oil era? And if so, what should you invest in?

Oil major BP says we may already have seen “peak oil demand”. What would that mean for your portfolio? John Stepek investigates.
17 Sep 2020
Central banks want politicians to take charge – but what will they do?
US Economy

Central banks want politicians to take charge – but what will they do?

The US Federal Reserve has come to the end of the road in terms of what it can do to accelerate any recovery, says John Stepek. It's over to the polit…
17 Sep 2020
The charts that matter: has the dollar’s rally paused, or is it over?
Global Economy

The charts that matter: has the dollar’s rally paused, or is it over?

The US dollar ended the week higher, although off its highest point. Is that it? John Stepek looks at how it's affected the charts that matter most to…
12 Sep 2020
Will the market crash again? Watch the US dollar for clues
Currencies

Will the market crash again? Watch the US dollar for clues

One of the biggest driving factors behind the market’s recent big sell-off was the bounce in the US dollar. John Stepek explains why the price of the …
11 Sep 2020
What happens to UK house prices once the urban exodus ends?
Property

What happens to UK house prices once the urban exodus ends?

Cash-rich buyers are leaving cities to snap up homes with gardens in the country, driving up house prices across the UK. But, asks John Stepek, what h…
10 Sep 2020
This “jam tomorrow” bull market may be nearing its end
Tech stocks

This “jam tomorrow” bull market may be nearing its end

The huge run up in US tech stocks is part of the wider “jam tomorrow” bubble. John Stepek explains what that is, and why it could be about to come to …
8 Sep 2020
The charts that matter: UK house prices and US tech bubbles
Global Economy

The charts that matter: UK house prices and US tech bubbles

UK house prices shoot to new highs while tech stocks come off the boil – John Stepek looks at how the week's events have affected the charts that matt…
5 Sep 2020
Is the US tech bubble bursting, or is this just a blip?
Tech stocks

Is the US tech bubble bursting, or is this just a blip?

America’s tech-heavy Nasdaq index slid by 5% yesterday – with Apple shares down by 8%. John Stepek asks if the bubble is finally bursting, and how it …
4 Sep 2020
How on earth can UK house prices be at record highs right now?
Property

How on earth can UK house prices be at record highs right now?

Despite the pandemic, a surge in unemployment and a collapse in business activity, UK house prices are higher than they’ve ever been. John Stepek expl…
3 Sep 2020
The Fed has made big changes to its mission: here’s why that matters
Inflation

The Fed has made big changes to its mission: here’s why that matters

The US Federal Reserve is changing the way it targets inflation. And that’s a lot more important than it might sound. John Stepek explains why.
31 Aug 2020
A very basic guide to valuing individual companies
Investment strategy

A very basic guide to valuing individual companies

If you’re tempted to pick stocks for yourself, you’ll have to learn how to value companies. Here, John Stepek outlines a very rough guide to the thing…
28 Aug 2020
What is value investing?
Value investing

What is value investing?

Value investing is probably the purest form of contrarian investing out there, says John Stepek. But what exactly is it, and how do you go about it?
27 Aug 2020
Investors are assuming a near-perfect future – that seems unwise
Stockmarkets

Investors are assuming a near-perfect future – that seems unwise

Despite the pandemic, economic chaos and a huge collapse in earnings, investors seem confident that everything will turn out for the best. John Stepek…
20 Aug 2020
Warren Buffett, hater of pet rocks, buys his first gold mine
Gold

Warren Buffett, hater of pet rocks, buys his first gold mine

Legendary investor Warren Buffett has always displayed contempt for gold as an investment. So why has he bought a gold mine? John Stepek looks at what…
17 Aug 2020
The charts that matter: a correction for gold and better news on US jobs
Global Economy

The charts that matter: a correction for gold and better news on US jobs

Having ended on a record high last Friday, gold took a big tumble this week. John Stepek looks at the gold price chart, along with the others that mat…
15 Aug 2020