Accessibility helpSkip to navigationSkip to contentSkip to footer
  • Sign In
  • Subscribe
Open side navigation menuOpen search bar
Financial Times
SubscribeSign In
  • Home
  • World
    Sections
    • World Home
    • Middle East war
    • Global Economy
    • UK
    • US
    • China
    • Africa
    • Asia Pacific
    • Emerging Markets
    • Europe
    • War in Ukraine
    • Americas
    • Middle East & North Africa
    Most Read
    • Meta global affairs chief Clegg to be replaced by Republican Kaplan
    • Stand-off in South Korea as investigators try to arrest impeached president
    • Trump uses New Orleans attack to push security and border agenda
    • Tories seek UK probe into rape gangs as Musk spat with Starmer escalates
    • Dollar surges against the euro and sterling
  • UK
    Sections
    • UK Home
    • UK Economy
    • UK Politics
    • UK Companies
    • Personal Finance
    Most Read
    • Tories seek UK probe into rape gangs as Musk spat with Starmer escalates
    • Dollar surges against the euro and sterling
    • UK heading for tax rises despite return to growth, economists say
    • Farage and why Badenoch does not have time to ‘watch this space’
    • Ten things to tick off your financial to-do list in 2025
  • Companies
    Sections
    • Companies Home
    • Energy
    • Financials
    • Health
    • Industrials
    • Media
    • Professional Services
    • Retail & Consumer
    • Tech Sector
    • Telecoms
    • Transport
    Most Read
    • Meta global affairs chief Clegg to be replaced by Republican Kaplan
    • Musk is standing in the way as Bezos reaches for orbit
    • Tesla’s annual deliveries drop for first time since 2011
    • Hedge funds Citadel and Millennium gain 15% in 2024
    • China’s electric-vehicle leader BYD posts record sales in 2024
  • Tech
    Sections
    • Tech Home
    • Artificial intelligence
    • Semiconductors
    • Cyber Security
    • Social Media
    Most Read
    • Meta global affairs chief Clegg to be replaced by Republican Kaplan
    • Can France become a global AI powerhouse?
    • Nvidia invested $1bn in AI deals in 2024
    • US investors in China venture funds race to comply with new tech rules
    • AI-generated phishing scams target corporate executives
  • Markets
    Sections
    • Markets Home
    • Alphaville
    • Markets Data
    • Crypto
    • Capital Markets
    • Commodities
    • Currencies
    • Equities
    • Wealth Management
    • Moral Money
    • ETF Hub
    • Fund Management
    • Trading
    Most Read
    • Dollar surges against the euro and sterling
    • Hedge funds Citadel and Millennium gain 15% in 2024
    • Ten things to tick off your financial to-do list in 2025
    • Ex-crypto chief Do Kwon brought to New York to face fraud charges
    • Crypto industry dreams of a golden era under Trump
  • Climate
  • Opinion
    Sections
    • Opinion Home
    • Columnists
    • The FT View
    • The Big Read
    • Lex
    • Obituaries
    • Letters
    Most Read
    • Musk is standing in the way as Bezos reaches for orbit
    • Farage and why Badenoch does not have time to ‘watch this space’
    • Why it’s hard to be a friend of America
    • Things have to get worse to get better
    • Undersea sabotage response is a dangerous business
  • Lex
  • Work & Careers
    Sections
    • Work & Careers Home
    • Business School Rankings
    • Business Education
    • Europe's Start-Up Hubs
    • Entrepreneurship
    • Recruitment
    • Business Books
    • Business Travel
    • Working It
    Most Read
    • Secrets of an airline points millionaire
    • Can France become a global AI powerhouse?
    • Pensions: the industry where women are in charge
  • Life & Arts
    Sections
    • Life & Arts Home
    • Arts
    • Books
    • Food & Drink
    • FT Magazine
    • House & Home
    • Style
    • Travel
    • FT Globetrotter
    Most Read
    • One hundred million fans cannot make you famous
    • Secrets of an airline points millionaire
    • WNU, the fashionista’s favourite shirtmaker, now makes blazers, too 
    • Social pressure holds back sales of alcohol-free drinks, research finds
    • ‘Do 50 press-ups and a daily meditation’ – the 10 wisdoms of Yohji Yamamoto
  • HTSI
MenuSearch
  • Home
  • World
  • UK
  • Companies
  • Tech
  • Markets
  • Climate
  • Opinion
  • Lex
  • Work & Careers
  • Life & Arts
  • HTSI
Financial Times
SubscribeSign In

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.

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, 8 November, 2024
    Robert Armstrong
    The Fed talks about not talking about Trump Premium content

    Jay Powell sets some limits

    Jay Powell speaks at an event
  • Thursday, 7 November, 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, 7 November, 2024
    Robert Armstrong
    Trump’s fat tails Premium content

    What do we really know about him and markets?

    Trump flag
  • Wednesday, 6 November, 2024
    Robert Armstrong
    The winner’s winners Premium content

    Who benefits when the US election is decided

    A montage of a trader on the floor of the New York Stock Exchange
  • Tuesday, 5 November, 2024
    Robert Armstrong
    Capital investment is meh Premium content

    And the Mag 7’s tricky balance

    A person holding an umbrella walking past the New York Stock Exchange
  • Monday, 4 November, 2024
    Robert Armstrong
    The bad jobs report, in context Premium content

    And oil looks set to stay cheap

  • Friday, 1 November, 2024
    Robert Armstrong
    Inflation vs consumption Premium content

    Plus imports, and utilities

    New York skyline and US bank notes
  • Thursday, 31 October, 2024
    Robert Armstrong
    Making sense of sentiment Premium content

    And Trump equity trades

  • Wednesday, 30 October, 2024
    Markets
    Deficits, Donald Trump and the dollar Premium content

    How fiscal excess strengthens the currency

    A close-up of a person holding US dollar bank notes
  • Tuesday, 29 October, 2024
    Robert Armstrong
    The Magnificent 7: place your bets Premium content

    And the sustainability of US growth outperformance

    Montage of tech companies logos
  • Monday, 28 October, 2024
    Robert Armstrong
    Can things get worse at Boeing? Premium content

    And more on rates and stock valuations

  • Friday, 25 October, 2024
    Robert Armstrong
    Yen carry and US tech Premium content

    And the housing markets gets worse

    Mini Japanese and US flags in front of a monitor showing exchange rates
  • Thursday, 24 October, 2024
    Robert Armstrong
    Bond yields rise, stocks don’t care Premium content

    The discount rate is supposed to matter

    Hand holding US dollar bills
  • Wednesday, 23 October, 2024
    Markets
    The term premium and the bond vigilantes Premium content

    Plus more on Pfizer

    Benjamin Franklin’s face as it appears on a $100 bill
  • Tuesday, 22 October, 2024
    Robert Armstrong
    The long end keeps on rising Premium content

    And emerging markets in a no-landing scenario

    A trader on the New York Stock Exchange with an American flag in the background
  • Monday, 21 October, 2024
    Robert Armstrong
    Soft landing vs no landing Premium content

    And election prediction markets

  • Friday, 18 October, 2024
    Robert Armstrong
    Kevin Hassett: ‘They let inflation get out of control’

    Trump ‘supports’ Fed independence, but ‘wants to have his voice heard’, says former president’s ex-economic adviser

    Kevin Hassett
  • Thursday, 17 October, 2024
    Robert Armstrong
    If you’re so happy, why are you buying so much gold? Premium content

    The rally that won’t quit

    A customer displays a gold bar purchased at a Costco Wholesale Corporation location in Bayonne, New Jersey
  • Wednesday, 16 October, 2024
    Robert Armstrong
    How big is ‘big enough’ for China’s stimulus? Premium content

    Some estimates and theories

    People’s Bank of China governor Pan Gongsheng, National Financial Regulatory Administration minister Li Yunze and China Securities Regulatory Commission chair Wu Qing attend a press conference in Beijing, China September 24 2024
  • Tuesday, 15 October, 2024
    Aiden Reiter
    Is Tesla losing the robotaxi race? Premium content

    It has some obstacles to navigate

  • Monday, 14 October, 2024
    Robert Armstrong
    Pfizer has problems an activist can’t fix Premium content

    Not quickly, anyway

  • Friday, 11 October, 2024
    Robert Armstrong
    Disinflation takes time Premium content

    And valuing the weight-loss drug manufacturers

    A montage of a trader on the floor of the New York Stock Exchange with an American flag in the background
  • Thursday, 10 October, 2024
    Robert Armstrong
    Is there an obesity drug bubble? Premium content

    A big market narrative with an eerie absence of sceptics

    Injection pens of Novo Nordisk’s weight-loss drug Wegovy
  • Wednesday, 9 October, 2024
    Robert Armstrong
    Inflation and consumer sentiment Premium content

    Plus bad food stocks, and more on the jobs report

    A customer looks at refrigerated items at a grocery store in California
  • Tuesday, 8 October, 2024
    Robert Armstrong
    Overreaction watch, no-landing edition Premium content

    And the sukuk market

    A montage of the Manhattan skyline with dollar bills in the background
Previous page You are on page 2 Next page

Useful links

Support

View Site TipsHelp CentreContact UsAbout UsAccessibilitymyFT TourCareersSuppliers

Legal & Privacy

Terms & ConditionsPrivacy PolicyCookie PolicyManage CookiesCopyrightSlavery Statement & Policies

Services

Share News Tips SecurelyIndividual SubscriptionsProfessional SubscriptionsRepublishingExecutive Job SearchAdvertise with the FTFollow the FT on XFT ChannelsFT Schools

Tools

PortfolioFT AppFT Digital EditionFT EditAlerts HubBusiness School RankingsSubscription ManagerNews feedNewslettersCurrency Converter

Community & Events

FT Live EventsFT ForumsBoard Director Programme

More from the FT Group

Markets data delayed by at least 15 minutes. © THE FINANCIAL TIMES LTD 2025. FT and ‘Financial Times’ are trademarks of The Financial Times Ltd.
The Financial Times and its journalism are subject to a self-regulation regime under the FT Editorial Code of Practice.
Edition:UK
International
Subscribe for full access

Top sections

  • Home
  • World
    • Middle East war
    • Global Economy
    • UK
    • US
    • China
    • Africa
    • Asia Pacific
    • Emerging Markets
    • Europe
    • War in Ukraine
    • Americas
    • Middle East & North Africa
  • UK
    • UK Economy
    • UK Politics
    • UK Companies
    • Personal Finance
  • Companies
    • Energy
    • Financials
    • Health
    • Industrials
    • Media
    • Professional Services
    • Retail & Consumer
    • Tech Sector
    • Telecoms
    • Transport
  • Tech
    • Artificial intelligence
    • Semiconductors
    • Cyber Security
    • Social Media
  • Markets
    • Alphaville
    • Markets Data
    • Crypto
    • Capital Markets
    • Commodities
    • Currencies
    • Equities
    • Wealth Management
    • Moral Money
    • ETF Hub
    • Fund Management
    • Trading
  • Climate
  • Opinion
    • Columnists
    • The FT View
    • The Big Read
    • Lex
    • Obituaries
    • Letters
  • Lex
  • Work & Careers
    • Business School Rankings
    • Business Education
    • Europe's Start-Up Hubs
    • Entrepreneurship
    • Recruitment
    • Business Books
    • Business Travel
    • Working It
  • Life & Arts
    • Arts
    • Books
    • Food & Drink
    • FT Magazine
    • House & Home
    • Style
    • Travel
    • FT Globetrotter
  • Personal Finance
    • Property & Mortgages
    • Investments
    • Pensions
    • Tax
    • Banking & Savings
    • Advice & Comment
    • Next Act
  • HTSI
  • Special Reports

FT recommends

  • Alphaville
  • FT Edit
  • Lunch with the FT
  • FT Globetrotter
  • #techAsia
  • Moral Money
  • Visual and data journalism
  • Newsletters
  • Video
  • Podcasts
  • News feed
  • FT Schools
  • FT Live Events
  • FT Forums
  • Board Director Programme
  • myFT
  • Portfolio
  • FT Digital Edition
  • Crossword
  • Our Apps
  • Help Centre
  • Subscribe
  • Sign In