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Unhedged

Markets, finance and strong opinions

Robert Armstrong dissects the most important market trends and discusses how Wall Street's best minds respond to them.

Premium subscribers should sign up here to get the newsletter sent straight to your inbox every weekday. If you're not an FT subscriber, you can get the newsletter free for 30 days. Sign up here.

  • Friday, 14 March, 2025
    Jennifer Hughes
    What are retail traders telling us? Premium content

    A look at how mom-and-pop investors are trading in the current market

    The New York Stock Exchange building
  • Thursday, 13 March, 2025
    Aiden Reiter
    Inflation: don’t cheer yet Premium content

    Plus China’s Two Sessions

    People look at rings in a jewellery store
  • Wednesday, 12 March, 2025
    Aiden Reiter
    Uncertainty, a slowdown, or more Premium content

    More on the sell-off

    A montage of the Nasdaq exchange and a line chart with downward arrows in the background
  • Tuesday, 11 March, 2025
    Robert Armstrong
    Another day, (maybe more than just) another rout Premium content

    Plus Germany’s fiscal space and European equities

    A montage of buildings in New York City’s financial district with 100 dollar bills in the background
  • Monday, 10 March, 2025
    Robert Armstrong
    What staples stocks are telling us Premium content

    Plus tariffs and the oil price

  • Friday, 7 March, 2025
    Robert Armstrong
    Markets might not have a hold on Trump Premium content

    And the vibes ahead of today’s jobs report

    US Treasury secretary Scott Bessent speaks at the Economic Club of New York on March 6 2025 in New York City
  • Thursday, 6 March, 2025
    Robert Armstrong
    The Trump put is bad Premium content

    Plus calm credit and paper pulped

    Donald Trump points in front of a helicopter
  • Wednesday, 5 March, 2025
    Robert Armstrong
    It’s a growth scare first and a tariff scare second Premium content

    Plus retail investor sentiment and Doge job cuts

    Bull and Bear statues outside the New York Stock Exchange
  • Tuesday, 4 March, 2025
    Robert Armstrong
    Tariff Tuesday: into the unknown Premium content

    And strong earnings

    Donald Trump
  • Monday, 3 March, 2025
    Robert Armstrong
    It’s not all Trump’s fault Premium content

    There is more to markets’ uneasy mood than policy uncertainty

  • Friday, 28 February, 2025
    Robert Armstrong
    Too hot? Too cold? Just right? Premium content

    Putting odds on the economy

    A montage of the New York skyline with $100 bills in the background
  • Thursday, 27 February, 2025
    Robert Armstrong
    European stocks’ comeback Premium content

    Plus the continent’s defence industry

    People walk by an EU flag in the German Lower House of parliament
  • Wednesday, 26 February, 2025
    Robert Armstrong
    Is the vibe shift for real? Premium content

    Plus the housing market and growth

    A statue near the New York Stock Exchange
  • Tuesday, 25 February, 2025
    Robert Armstrong
    Investor sentiment vs consumer sentiment Premium content

    And the flatlining stock market

    A view of New York skyscrapers from the ground
  • Monday, 24 February, 2025
    Aiden Reiter
    Sentiment and stagflation Premium content

    Friday’s market drop reflects concerns about growth

  • Friday, 21 February, 2025
    Aiden Reiter
    The small caps disappoint Premium content

    Plus how to ‘monetise’ the US balance sheet

    Montage of a stock trader and US flag
  • Thursday, 20 February, 2025
    Aiden Reiter
    The Chinese market’s second wind Premium content

    A tech rebound from DeepSeek and the reappearance of Jack Ma

    Jack Ma
  • Wednesday, 19 February, 2025
    Jennifer Hughes
    The trouble with IPOs Premium content

    Is it really all that bad out there?

    The New York Stock Exchange building
  • Tuesday, 18 February, 2025
    Katie Martin
    Musk and markets: why Doge is not cutting through Premium content

    Also in today’s newsletter, JD Vance gives investors something other than tariffs to chew on for a change

    Elon Musk speaks in the Oval Office of the White House in Washington
  • Friday, 14 February, 2025
    Robert Armstrong
    Is there a war discount in Europe? Premium content

    Markets struggle to price politics

    Traditional Russian wooden dolls Matryoshka depicting Russian President Vladimir Putin and US President Donald Trump
  • Thursday, 13 February, 2025
    Robert Armstrong
    Inflation is back on the agenda Premium content

    Plus markets and the constitutional order

    A montage of a trader at the New York Stock Exchange with an American flag in the background
  • Wednesday, 12 February, 2025
    Robert Armstrong
    Trump trade goes down, gold goes up Premium content

    And emerging market stock indices

    Gold bullion
  • Tuesday, 11 February, 2025
    Robert Armstrong
    Fast food and the K-shaped economy Premium content

    Plus more on energy and inflation

    An American flag flies over the golden arches logo over a McDonald’s restaurant
  • Monday, 10 February, 2025
    Robert Armstrong
    Trump’s tariffs don’t scare stocks Premium content

    Plus the energy-inflation link

  • Friday, 7 February, 2025
    Robert Armstrong
    Michael Pettis answers his critics on tariffs and trade Premium content

    How to solve global imbalances

    Michael Pettis
Previous page You are on page 2 Next page

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