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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, 22 November, 2023
      Markets
      A bad idea from Finra Premium content

      And more on the zombie notpocalypse

      The New York Stock Exchange building
    • Tuesday, 21 November, 2023
      Bankruptcy
      The Zombie notpocalypse Premium content

      Easy money has not bred the undead

      A woman dressed as a zombie
    • Monday, 20 November, 2023
      Markets
      Anatomy of a slowdown Premium content

      US retailers’ results show mild but uneven decline in growth

    • Friday, 17 November, 2023
      Markets
      Olivier Blanchard on debt explosions Premium content

      What to do when r - g = 0

      Olivier Blanchard
    • Thursday, 16 November, 2023
      Markets
      Banks and the soft landing Premium content

      If there is no recession, bank stocks are too cheap

      A montage of a statue of George Washington Wall Street
    • Wednesday, 15 November, 2023
      Markets
      A near-perfect inflation report Premium content

      And the food stock crash

      A montage of a photo of the Nasdaq tower in Times Square, New York, and charts
    • Tuesday, 14 November, 2023
      Markets
      QT is not nearly done Premium content

      And more on consumer confidence

      Jay Powell
    • Monday, 13 November, 2023
      Robert Armstrong
      Why consumers feel so glum Premium content

      And the costs of monetising the debt

    • Friday, 10 November, 2023
      The QE retreat
      Bill Dudley: inflation wasn’t caused by too much money Premium content

      The former head of the New York Fed on macro lessons, monetary policy and the coming US fiscal crisis

      Bill Dudley
    • Thursday, 9 November, 2023
      Sovereign bonds
      Could yield curve control reach the US? Premium content

      Washington deficits could yet terrify Treasury markets

      A FT montage of a trader on the floor of the New York Stock Exchange
    • Wednesday, 8 November, 2023
      Markets
      What investors should know if Trump wins in 2024 Premium content

      And bad small-cap balance sheets

      A montage of a trader on the floor of the New York Stock Exchange with an American flag in the background
    • Tuesday, 7 November, 2023
      Markets
      The next corporate debt crisis Premium content

      How dangerous is higher for longer?

      A view of commercial buildings from the ground up
    • Monday, 6 November, 2023
      Robert Armstrong
      The case for optimism Premium content

      The US economy is not headed over a cliff

    • Friday, 3 November, 2023
      Markets
      It ain’t over till it’s over Premium content

      The rates cycle, that is

      Person looks at trading screen
    • Thursday, 2 November, 2023
      Global Economy
      The Fed won’t rely on the market Premium content

      Plus, combining journalism and trading

      Jay Powell
    • Wednesday, 1 November, 2023
      Markets
      Japan is changing, slowly Premium content

      And tobacco companies

      A New York Stock Exchange trader
    • Tuesday, 31 October, 2023
      Markets
      The mystery of Disney Premium content

      And a regime shift in risk-adjusted returns

      An image of Mickey Mouse is displayed outside the Disney Store in Times Square
    • Monday, 30 October, 2023
      US interest rates
      The unappeasable market Premium content

      A strong economy is not enough

    • Friday, 27 October, 2023
      US economy
      The American boom Premium content

      The very opposite of a recession

      Federal Reserve logo on a building
    • Thursday, 26 October, 2023
      US equities
      Top-heavy markets are normal Premium content

      And the US economy is strong

      Montage of chart and Nasdaq building
    • Wednesday, 25 October, 2023
      Financials
      The big China tail risk Premium content

      And more on stockpickers

      Xi Jinping
    • Tuesday, 24 October, 2023
      Fund management
      Active investing, inert industry

      Why own a fund manager?

      A montage of a trader on the floor of the New York Stock Exchange
    • Monday, 23 October, 2023
      Robert Armstrong
      Is it safe to own long bonds again? Premium content

      And bank margins are fine

    • Friday, 20 October, 2023
      Markets
      Is the term premium rubbish? Premium content

      Plus, the carbon premium

      The New York Stock Exchange building
    • Thursday, 19 October, 2023
      Markets
      India at the centre: the verdict of Unhedged and Chartbook Premium content

      India’s geopolitical and economic pull is growing

      France’s president Emmanuel Macron, Indonesia’s president Joko Widodo, India’s prime minister Narendra Modi, Brazil’s president Luiz Inacio Lula da Silva and US president Joe Biden pay their respect at the Mahatma Gandhi memorial at Raj Ghat on the sidelines of the G20 summit in New Delhi on September 10, 2023
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