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    Robert Armstrong

    US financial commentator

    Robert Armstrong is the FT’s US financial commentator and writes the Unhedged newsletter. Previously, he was the US financial editor, chief editorial writer and has also edited the FT’s Lex Column. Before becoming a journalist, he worked in finance and studied philosophy. You can sign up for a 30 day trial to the Unhedged newsletter here.

    Meet Robert

    Email Robert Armstrong @rbrtrmstrng  on Twitter (link opens in a new browser window)
    • Tuesday, 9 July, 2024
      Unhedged
      Value stocks in a growth stock world Premium content

      Where to hide when the AI bubble pops

      A close-up of an image of Benjamin Franklin on a $100 bill
    • Monday, 8 July, 2024
      UnhedgedMarkets
      The only trade that matters Premium content

      And big banks vs regional banks

    • Wednesday, 3 July, 2024
      UnhedgedMarkets
      The triumph of big boring stocks Premium content

      And what mattered in the first half

      The New York skyline and a background of US dollars
    • Tuesday, 2 July, 2024
      UnhedgedMarkets
      The Trump trade Premium content

      Investing after the Biden meltdown

      Joe Biden and Donald Trump
    • Monday, 1 July, 2024
      UnhedgedApple Inc
      How Apple became an AI stock Premium content

      And what that means

    • Friday, 28 June, 2024
      Unhedged
      Construction may be the weakest link Premium content

      And more on deficits and stocks

      Helicopter flies above a building with construction cranes in background
    • Thursday, 27 June, 2024
      Unhedged podcast17 min listen
      Can Morgan Stanley's CEO build a better bank?

      Big banks are trying to be more integrated. Will it work?

    • Thursday, 27 June, 2024
      UnhedgedCapital markets
      Fiscal responsibility should scare investors Premium content

      Reducing the deficit is likely to reduce both stock prices and corporate profits

      A montage of a trader on the floor of the New York Stock Exchange with an American flag in the background
    • Wednesday, 26 June, 2024
      Unhedged
      Why don’t homebuilders build more homes? Premium content

      A persistent market failure

      Workers build a house
    • Tuesday, 25 June, 2024
      Unhedged podcast22 min listen
      Are we all protectionists now?

      One thing Biden and Trump might not be debating is industrial policy

    • Tuesday, 25 June, 2024
      UnhedgedMarkets
      The US housing market is awful Premium content

      Low rates didn’t help, and higher rates haven’t either

      A close-up of a $100 bill
    • Monday, 24 June, 2024
      UnhedgedMarkets
      The AI rally is scary Premium content

      ‘Other’ stocks are in a defensive crouch

    • Thursday, 20 June, 2024
      UnhedgedMarkets
      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
      Unhedged podcast20 min listen
      Elon Musk’s big payday

      Shareholders of Tesla just awarded their biggest shareholder even more shares. Why?

    • Tuesday, 18 June, 2024
      UnhedgedMarkets
      Printer does not go brr any more Premium content

      And the market goes up anyway

      The New York Stock Exchange
    • Monday, 17 June, 2024
      Unhedged
      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
      UnhedgedMarkets
      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
      Unhedged
      The Fed refuses to celebrate Premium content

      For good reason

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

      And 0DTEs

      A montage of a trader at the New York Stock Exchange
    • Tuesday, 11 June, 2024
      Unhedged podcast20 min listen
      Trade like a bot

      Academics are learning more about how AI might trade

    • Tuesday, 11 June, 2024
      UnhedgedMarkets
      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
      UnhedgedUS employment
      This is what normalisation looks like Premium content

      And more on margins

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

      Executive pay is a mess almost everywhere

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

      And volatility is suppressed

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

      Ignore the noise and focus on employment

      Montage of dollar bills and Manhattan skyline
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