John Stepek

speaker

2,551 appearances 28 recordings 1 series first heard Apr 2026 last heard 6d ago

John Stepek’s voice in public audio — every appearance, attributed to the second.

Trend

recordings per month · last 12 months

Recordings per month over the last 12 months — 28 in all, peaking in Jul 2026 with 7.

Appearances

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Merryn Talks Money · Markets Wrap: Bessent's Big Bet, Bond Yields and the AI Bubble · 11 Sep 2026 podcast

Well they they don't even need to bring voice-verified

Well they don't even need to bring voice-verified

Yeah, yeah. voice-verified

And that was pretty disruptive in markets as far as I can remember, wouldn't yeah. voice-verified

Um and obviously August twenty twenty four was when we saw a kind of that was more a kind of flash crash type situation, wasn't it? voice-verified

That was a flurry, yeah. voice-verified

Yeah. voice-verified

So this is uh so in terms of what you should watch out for it, certainly as a private retail investor, this is the kind of thing that could create volatility uh from time to time. voice-verified

Well if actually if you're voice-verified

If you are uh voice-verified

Cause usually I base that say, readers, if you own say you're a British person and you own a Japanese fund and you own it in sterling, you haven't thought 'cause obviously you can buy hedged versions of these things. voice-verified

My take tends to be don't worry about it. voice-verified

You've got enough to worry about choosing equities and equity funds without bothering your head about what's going to happen to the currency. voice-verified

You might as well kinda like take the swings with the roundabouts because hedging is essentially just taking that risk in a different way. voice-verified

I'm just curious, what's what's your take on that as someone who's more kinda you know, accustomed to the institutional side and thinking about currency hedging? voice-verified

Yeah. voice-verified

Interesting okay. voice-verified

So I so basically you're saying that if they do jump into Japanese equities and I am uh uh I I own the sterling uh version of these assets. voice-verified

So I guess what I'm saying is so if the pound if the if the yen goes up against sterling, then you're laughing, assuming that equities don't fall off a cliff. voice-verified

But what you're saying is that it might actually go the other way. voice-verified

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