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 UK jobs market is booming – what does that mean for investors?
UK Economy

The UK jobs market is booming – what does that mean for investors?

Unemployment in the UK is back to pre-pandemic levels, employers are desperate to hire more staff, and wages are rising. John Stepek looks at what tha…
14 Sep 2021
Fund managers are good at buying shares – but terrible at selling them
Investment strategy

Fund managers are good at buying shares – but terrible at selling them

Buying shares can be tricky. But selling them can be even trickier – even the professionals don’t get it right. John Stepek investigates why, and expl…
13 Sep 2021
Should we fear stagflation?
Inflation

Should we fear stagflation?

Stagflation – a toxic mixture of weak growth plus inflation – is rearing its ugly head again. Can we avoid it?
13 Sep 2021
Uranium prices are spiking – and conditions look ripe for a longer-term bull market
Energy

Uranium prices are spiking – and conditions look ripe for a longer-term bull market

The price of uranium has hit $40 a pound for the first time in six years. And it's unlikely to be just a short-term spike. John Stepek looks at what's…
10 Sep 2021
Evergrande: is China facing a Lehman Brothers moment?
Chinese economy

Evergrande: is China facing a Lehman Brothers moment?

China's property market is overheating. And one of its biggest developers, Evergrande, is in struggling to repay its debts. John Stepek looks at what'…
9 Sep 2021
What’s better than two types of income tax? Three types of income tax!
UK Economy

What’s better than two types of income tax? Three types of income tax!

The government is to fund social care costs by raising National Insurance contributions and adding a “health and social care levy”. John Stepek looks …
7 Sep 2021
Should investors be worried about stagflation?
US Economy

Should investors be worried about stagflation?

The latest US employment data has raised the ugly spectre of “stagflation” – weak growth and high inflation. John Stepek looks at what’s going on and …
6 Sep 2021
The two key factors that keep driving house prices higher
House prices

The two key factors that keep driving house prices higher

UK house prices are rising faster than at any time in the last 15 years. And it’s not just in Britain – rising property prices are a global phenomenon…
3 Sep 2021
Could the “metaverse” be the next big investment theme?
Investment strategy

Could the “metaverse” be the next big investment theme?

The “metaverse” – the world of virtual reality – has been a theme in science fiction for decades. But it could soon become real. John Stepek explains …
2 Sep 2021
What investors need to know about the return of dividends
Stockmarkets

What investors need to know about the return of dividends

Dividends plunged as Covid-19 spread, but have rebounded almost as quickly. What can investors learn?
27 Aug 2021
Will Jerome Powell lay out a tapering timetable today? Probably not
US Economy

Will Jerome Powell lay out a tapering timetable today? Probably not

Investors will be looking for clues on the future of US monetary policy at the Jackson Hole Event today. John Stepek breaks down what investors can ex…
27 Aug 2021
The UK is cheap - you should invest some of your money there
UK stockmarkets

The UK is cheap - you should invest some of your money there

UK shares are witnessing much interest from investors. John Stepek breaks down why UK stocks are attractive now.
26 Aug 2021
What income investors should learn from the Covid-19 pandemic
Income investing

What income investors should learn from the Covid-19 pandemic

Income investors faced a challenging last year even as markets hit record highs as dividends were largely suspended, but they are bouncing back now. J…
23 Aug 2021
Is inflation here to stay?
Inflation

Is inflation here to stay?

A new paper suggests that unless workers gain more bargaining power, inflation won’t be sustained.
23 Aug 2021
Gold is frustrating – but it’s still worth holding
Gold

Gold is frustrating – but it’s still worth holding

It's been a frustrating time for investors in gold. But the idea that you should always have a bit of physical gold in your portfolio and just hope th…
20 Aug 2021
This growth scare will pass – but it might make the Fed stay its hand
Global Economy

This growth scare will pass – but it might make the Fed stay its hand

As the world continues to grapple with Covid-19, markets are starting to worry that "normal" might not return as soon as everyone hoped. John Stepek l…
20 Aug 2021
Sentiment matters to markets – but how can you tell what investors are thinking?
Investment strategy

Sentiment matters to markets – but how can you tell what investors are thinking?

Markets are driven to a large extent by “feelings” – investors getting overly excited or gloomy about a particular sector. But how do you measure that…
19 Aug 2021
Wages are soaring and job vacancies are at record levels – is inflation next?
Inflation

Wages are soaring and job vacancies are at record levels – is inflation next?

Wages in the UK are rising fast as the economy rebounds from the Covid recession. Will that drive inflation? John Stepek looks at what’s driving wages…
17 Aug 2021
Why now is a good time to take a break and review your investment portfolio
Investment strategy

Why now is a good time to take a break and review your investment portfolio

Reviewing your investment portfolio can be a bit of a chore, but you should do it at least once a year. And now is the ideal time to be doing it, says…
16 Aug 2021
Three key lessons on the 50th anniversary of the gold standard's demise
Global Economy

Three key lessons on the 50th anniversary of the gold standard's demise

Since 1973, the global monetary system has been backed by the dollar, not by gold. John Stepek looks at whether that will last and what may be next.
13 Aug 2021
Record-low mortgage rates mean house prices are likely to keep rising
House prices

Record-low mortgage rates mean house prices are likely to keep rising

House prices have been booming across the globe. John Stepek explains why house prices may continue to rise even after the Stamp Duty Holiday ends.
12 Aug 2021
What the "climate emergency" means for investors
Energy

What the "climate emergency" means for investors

The United Nations issued a report dubbed which said we are in a "Code Red" situation, listing the urgency for countries to phase out coal production.…
10 Aug 2021
The US jobs market is booming – but what does that mean for markets?
US Economy

The US jobs market is booming – but what does that mean for markets?

The US economy added almost one million jobs in July. John Stepek explains what the spectacular report means for markets and the future of US monetary…
9 Aug 2021
Inflation is here to stay: it’s time to protect your portfolio
Inflation

Inflation is here to stay: it’s time to protect your portfolio

Unlike in 2008, widespread money printing and government spending are pushing up prices. Central banks can’t raise interest rates because the world ca…
6 Aug 2021
Quantitative easing: too much of a good thing
UK Economy

Quantitative easing: too much of a good thing

The Bank of England is addicted to quantitative easing (QE), the House of Lords has warned. What does that mean for investors?
26 Jul 2021
Why the European Central Bank’s new regime matters more than you think
Inflation

Why the European Central Bank’s new regime matters more than you think

The ECB has said it will tolerate higher inflation and it won’t be raising interest rates for quite some time. It’s another big clue for markets – but…
23 Jul 2021
Playing pass the parcel with toxic assets won’t save the environment
Oil

Playing pass the parcel with toxic assets won’t save the environment

Wanting to do the right thing, big oil companies are divesting themselves of toxic fossil-fuel assets. But we still need oil, says John Stepek – and t…
22 Jul 2021
Next shares soar as sales smash expectations – is the stock a buy?
Retail stocks

Next shares soar as sales smash expectations – is the stock a buy?

High street and online retailer Next has reported a big rise in sales and profits. John Stepek looks at its performance and asks if it's worth buying …
21 Jul 2021
Here’s what it’ll take for markets to stop worrying about Covid-19
Economy

Here’s what it’ll take for markets to stop worrying about Covid-19

The biggest driver of markets over the past 18 months has been fear of Covid-19. And right now it's back in the ascendancy, says John Stepek.
20 Jul 2021
Lockdown Day saw the market hit rock bottom – could Freedom Day mark a top?
UK stockmarkets

Lockdown Day saw the market hit rock bottom – could Freedom Day mark a top?

When the UK locked down against Covid, markets plunged, but recovered quickly. Could England’s removal of restrictions mark the market top, asks John …
19 Jul 2021
How to build your own ultimate tracker fund
Investment strategy

How to build your own ultimate tracker fund

Efforts to build the “ultimate” tracker fund reveal how easy it is to over-complicate your asset allocation.
19 Jul 2021
The Bank of Japan is getting into industrial policy
Economy

The Bank of Japan is getting into industrial policy

The Bank of Japan has shrugged off its fig leaf of independence and is getting involved in fiscal policy. And won't be the only central bank to do so,…
16 Jul 2021
It might be time for the reflation trade to spark back into life
Inflation

It might be time for the reflation trade to spark back into life

Many investors have taken the view that inflation will be “transitory”. But with both UK and US figures higher than expected, it might be time to rec…
15 Jul 2021
Demand for equities is high right now – but supply is rising to meet it
Investment strategy

Demand for equities is high right now – but supply is rising to meet it

Investors can’t get enough of equities. And with 2021 set to be a record year for stockmarket listings, there will be plenty available. But not everyt…
13 Jul 2021
Why is China easing monetary policy?
Chinese economy

Why is China easing monetary policy?

The world’s central banks are starting to talk about pumping a little less money into their economies. All except one: the People’s Bank of China is n…
12 Jul 2021
US stocks are ticking all the boxes of a bubble
US stockmarkets

US stocks are ticking all the boxes of a bubble

There are five key characteristics to every bubble, says analyst Richard Bernstein. This market meets them all
12 Jul 2021