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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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  • 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
  • Monday, 7 October, 2024
    Robert Armstrong
    The jobs report was a relief, not a revelation Premium content

    And rising long yields

  • Friday, 4 October, 2024
    Sujeet Indap
    Private credit’s latest contraption Premium content

    There goes the neighbourhood

    Single-amily homes in a residential neighborhood
  • Thursday, 3 October, 2024
    Jennifer Hughes
    What we mean by ‘recession’ matters Premium content

    Downturns don’t have to be extreme events to affect markets

    A person holding an umbrella walks past the New York Stock Exchange
  • Wednesday, 2 October, 2024
    Aiden Reiter
    The trouble with pinning down the neutral rate Premium content

    Don’t rely on easy r* narratives

    People outside the New York Stock Exchange.
  • Tuesday, 1 October, 2024
    Robert Armstrong
    The AT&T-DirecTV mistake Premium content

    How a $67bn deal went wrong

    DirecTV logo outside its headquarters
  • Monday, 30 September, 2024
    Robert Armstrong
    How to measure liquidity Premium content

    It’s hard

  • Friday, 27 September, 2024
    Robert Armstrong
    What kind of rally is this anyway? Premium content

    Tech stocks re-emerge

    Logos of Microsoft Apple, Tesla, Nvidia, Google/Alphabet, Meta and Amazon
  • Thursday, 26 September, 2024
    Robert Armstrong
    China’s market stimulus experiment Premium content

    Plus rehashes of Fed epiphenomenalism and small caps

    Xi Jinping
Previous page You are on page 2 Next page

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