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.

How to position your portfolio for lasting inflation
Investment strategy

How to position your portfolio for lasting inflation

Inflation is rising around the world – and with high inflation a key part of the solution to the world's debt problem, you should expect it to stay th…
17 Jan 2022
How to be better at selling stocks
Investment strategy

How to be better at selling stocks

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 abou…
14 Jan 2022
US inflation is at its highest since 1982. Why aren’t markets panicking?
Inflation

US inflation is at its highest since 1982. Why aren’t markets panicking?

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 explai…
13 Jan 2022
The booming jobs market points to inflation lasting for longer
Economy

The booming jobs market points to inflation lasting for longer

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 …
11 Jan 2022
What does 2022 hold for UK house prices?
House prices

What does 2022 hold for UK house prices?

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.
7 Jan 2022
Interest rates might rise faster than expected – what does that mean for your money?
Global Economy

Interest rates might rise faster than expected – what does that mean for your money?

The idea that the US Federal Reserve could raise interest rates much earlier than anticipated has upset the markets. John Stepek explains why, and wha…
6 Jan 2022
Equity markets are growing again – but that might not be good news for investors
Stockmarkets

Equity markets are growing again – but that might not be good news for investors

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, say…
4 Jan 2022
The half-full glass: four big economic events that could go right in 2022
Economy

The half-full glass: four big economic events that could go right in 2022

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 n…
31 Dec 2021
The half-empty glass: four big economic events that could go wrong in 2022
Economy

The half-empty glass: four big economic events that could go wrong in 2022

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. 
30 Dec 2021
Nine of the most interesting conversations we had in 2021
Investment strategy

Nine of the most interesting conversations we had in 2021

John Stepek looks back at some of the guests we've had on the MoneyWeek podcast over the last year.
29 Dec 2021
Six of the most interesting books I read in 2021
Books

Six of the most interesting books I read in 2021

John Stepek picks six of his favourite books covering everything from blockchain to stockpicking, and the perils of doing business in Russia.
28 Dec 2021
Will emerging markets have a better 2022, or is it downhill from here?
Emerging markets

Will emerging markets have a better 2022, or is it downhill from here?

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 …
23 Dec 2021
How Omicron could trigger stagflation
UK Economy

How Omicron could trigger stagflation

As Omicron runs rife, populations are hunkering down, stifling consumption and growth. But with politicians and central banks reluctant to spend, that…
20 Dec 2021
The Bank of England clearly still doesn't believe inflation is here to stay
Inflation

The Bank of England clearly still doesn't believe inflation is here to stay

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 f…
17 Dec 2021
The US central bank is winding down QE faster than planned – so why are markets bouncing?
US Economy

The US central bank is winding down QE faster than planned – so why are markets bouncing?

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, stockmarket…
16 Dec 2021
UK inflation hits a 30-year high – but will the Bank of England raise interest rates?
Inflation

UK inflation hits a 30-year high – but will the Bank of England raise interest rates?

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, wil…
15 Dec 2021
US inflation is at a near-40-year high. So why are markets so calm?
Inflation

US inflation is at a near-40-year high. So why are markets so calm?

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…
13 Dec 2021
Evergrande has finally officially defaulted – what does that mean for your money?
Corporate bonds

Evergrande has finally officially defaulted – what does that mean for your money?

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 compan…
10 Dec 2021
What tightening Covid rules mean for your money
Investment strategy

What tightening Covid rules mean for your money

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 yo…
9 Dec 2021
High house prices are bad news for us all
House prices

High house prices are bad news for us all

UK house prices are rising at their fastest rate in 15 years. John Stepek breaks down why.
7 Dec 2021
Has the “jam tomorrow” bubble popped already?
Stockmarkets

Has the “jam tomorrow” bubble popped already?

Fund managers have had a good year so far. John Stepek looks at what to expect from markets until year end.
6 Dec 2021
Could the oil price hit $150 a barrel by 2023?
Oil

Could the oil price hit $150 a barrel by 2023?

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 an…
3 Dec 2021
It’s official – inflation is no longer transitory
Inflation

It’s official – inflation is no longer transitory

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 mar…
1 Dec 2021
What the Omicron variant means for your money
Investment strategy

What the Omicron variant means for your money

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 f…
30 Nov 2021
What would another lockdown mean for markets?
Stockmarkets

What would another lockdown mean for markets?

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 …
26 Nov 2021
What do Turkey’s tumbling lira and America’s oil raid have in common?
Global Economy

What do Turkey’s tumbling lira and America’s oil raid have in common?

Joe Biden’s confirmation that Jerome Powell will stay on as Fed chair has sent jitters in markets from Turkey to Texas. John Stepek explains what’s go…
24 Nov 2021
What will long-term mortgages mean for the UK housing market?
Mortgages

What will long-term mortgages mean for the UK housing market?

Kensington Mortgages is tapping into long-term fixed-rate mortgages. John Stepek breaks down what this tells us about the housing market.
22 Nov 2021
Amazon, the great disruptor, might be about to turn payments upside down too
Tech stocks

Amazon, the great disruptor, might be about to turn payments upside down too

Amazon’s ban on UK Visa credit cards is more than just a local post-Brexit spat, says John Stepek. It could be part of a wider plan to disrupt the who…
19 Nov 2021
Here’s why UK investors should keep an eye on New Zealand’s fight against inflation
Economy

Here’s why UK investors should keep an eye on New Zealand’s fight against inflation

The Bank of England remains relaxed about inflation and is holding off raising interest rates. But things are very different on the other side of the …
18 Nov 2021
The UK jobs market is booming – so it’ll be hard to skip raising rates next month
UK Economy

The UK jobs market is booming – so it’ll be hard to skip raising rates next month

The UK has a booming jobs market and the lowest interest rates in history. One of those things has to give, says John Stepek
16 Nov 2021
Inflation is anything but transitory – here’s why
Inflation

Inflation is anything but transitory – here’s why

Many people seem to think that inflation will vanish once the pandemic is behind us. But they're wrong, says John Stepek. Inflation will be with us fo…
15 Nov 2021
Last chance to book! All you need to know about investing for the year ahead in one handy package
Investment strategy

Last chance to book! All you need to know about investing for the year ahead in one handy package

John Stepek runs through the speakers and topics under discussion at the upcoming MoneyWeek Wealth Summit.
12 Nov 2021
Inflation might surprise us again in the short-term – but it’s here to stay
Inflation

Inflation might surprise us again in the short-term – but it’s here to stay

Central banks may keep telling us that inflation is transitory, but the reality is that we're in for a period of structurally higher inflation. John S…
11 Nov 2021
Central banks are still sticking to the plan on inflation
Global Economy

Central banks are still sticking to the plan on inflation

Investors had prepared for central banks to raise interest rates. But the Fed and the Bank of England remain dovish – and markets are comfortable with…
8 Nov 2021
Should stockmarket investors sell in September?
Investment strategy

Should stockmarket investors sell in September?

Historical data shows that stocks do better in some months than others. But can investors profit from this?
8 Nov 2021
The Bank of England gives markets a shock
UK Economy

The Bank of England gives markets a shock

Despite warning that it would have to act on inflation, the Bank of England has opted not to raise interest rates. John Stepek looks at the markets’ r…
5 Nov 2021