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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.

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  • Monday, 24 June, 2024
    Robert Armstrong
    The AI rally is scary Premium content

    ‘Other’ stocks are in a defensive crouch

  • Friday, 21 June, 2024
    Harriet Clarfelt
    European markets have been on a wild ride Premium content

    And default divergence

    A montage of a financial trader
  • Thursday, 20 June, 2024
    Robert Armstrong
    It’s an AI market now Premium content

    And that is worrisome

    Jensen Huang speaks in front of a Nvidia logo
  • Tuesday, 18 June, 2024
    Robert Armstrong
    Printer does not go brr any more Premium content

    And the market goes up anyway

    The New York Stock Exchange
  • Monday, 17 June, 2024
    Markets
    Navigating a top-heavy stock market Premium content

    And more on American exceptionalism

    The largest free-flying US flag in the world hangs from the western span of the George Washington Bridge over the Hudson River between New Jersey and New York City
  • Friday, 14 June, 2024
    Robert Armstrong
    Dan Davies: ‘finance is a tool of control’ Premium content

    How the market blocks accountability

    A montage of dollar bills in a person’s hand
  • Thursday, 13 June, 2024
    US economy
    The Fed refuses to celebrate Premium content

    For good reason

    A montage of Fed chair Jay Powell
  • Wednesday, 12 June, 2024
    Robert Armstrong
    American exceptionalism revisited Premium content

    And 0DTEs

    A montage of a trader at the New York Stock Exchange
  • Tuesday, 11 June, 2024
    Robert Armstrong
    AI can pick stocks better than you can Premium content

    Why wouldn’t it?

    A montage of trader on the New York Stock Exchange looking at screens
  • Monday, 10 June, 2024
    Robert Armstrong
    This is what normalisation looks like Premium content

    And more on margins

  • Friday, 7 June, 2024
    Robert Armstrong
    Musk’s $56bn is not the problem Premium content

    Executive pay is a mess almost everywhere

    Elon Musk
  • Thursday, 6 June, 2024
    Robert Armstrong
    Higher margins are a mixed blessing Premium content

    And volatility is suppressed

    Person looks at a computer screen
  • Wednesday, 5 June, 2024
    Robert Armstrong
    How to recognise a slowdown

    Ignore the noise and focus on employment

    Montage of dollar bills and Manhattan skyline
  • Tuesday, 4 June, 2024
    Markets
    Salesforce and the power of cash Premium content

    And how stimulus lifts stocks

  • Monday, 3 June, 2024
    Robert Armstrong
    The US consumer might finally be pulling back Premium content

    And equity spreads

  • Friday, 31 May, 2024
    Robert Armstrong
    Tech’s tortoise beats the hare Premium content

    And market breadth revisited

    Trader looks at computer screens
  • Thursday, 30 May, 2024
    Robert Armstrong
    The CRE non-crisis rolls on Premium content

    And one more point on valuations

    A montage of buildings on Wall Street
  • Wednesday, 29 May, 2024
    Markets
    The valuation mystery: more clues Premium content

    Rates, returns and demographics

    Skyscrapers in New York
  • Monday, 27 May, 2024
    Robert Armstrong
    The valuation mystery Premium content

    It matters. But how?

  • Friday, 24 May, 2024
    Asia-Pacific equities
    Market calm hides a sense of unease Premium content

    And Hong Kong’s China rally — not done yet?

  • Thursday, 23 May, 2024
    Markets
    Wall Street feasts on unlimited breadsticks and endless shrimp Premium content

    Red Lobster’s collapse is a chance to revisit one of the most sensational boardroom showdowns of recent memory

  • Wednesday, 22 May, 2024
    Capital markets
    What happens when money market funds close? Premium content

    And the shrinking gap between investment-grade and junk

    A montage of a hand holding dollar bills
  • Monday, 20 May, 2024
    Robert Armstrong
    The revenge of the yield curve Premium content

    And Walmart

  • Friday, 17 May, 2024
    Markets
    More capital is not the answer Premium content

    An interview with Yale’s Steven Kelly

    Exterior of the New York Stock Exchange
  • Thursday, 16 May, 2024
    Robert Armstrong
    Good, not great, news on inflation Premium content

    And more on gold

    A montage of a woman carrying an umbrella walking in front of the New York Stock Exchange
Previous page You are on page 2 Next page

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