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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)
  • Thursday, 10 July, 2025
    Markets
    Tokenised money market funds: pseudo-money Premium content

    Plus market breadth

    US dollars on a purple background
  • Tuesday, 8 July, 2025
    Unhedged Podcast23 min listen
    Three surprises that might spook the markets

    New policies haven’t put a brake on stock prices . . . yet

  • Tuesday, 8 July, 2025
    UnhedgedMarkets
    The markets just don’t believe Trump on tariffs Premium content

    And that might become a problem

    Montage of Donald Trump and some charts
  • Monday, 7 July, 2025
    UnhedgedMarkets
    The economy: still solid, slowing slightly Premium content

    Plus the budget and renewable energy

  • Thursday, 3 July, 2025
    UnhedgedMarkets
    Are we rallying, or overcorrecting? Premium content

    Plus car sales

    A montage of a trader on the floor of the New York Stock Exchange
  • Wednesday, 2 July, 2025
    UnhedgedMarkets
    The jobs market puzzle Premium content

    Plus Medicaid and healthcare stocks

    A montage of the exterior of the New York Stock Exchange on Wall Street
  • Tuesday, 1 July, 2025
    UnhedgedMarkets
    The fall in the dollar is not scary Premium content

    And the big, beautiful bill

    A montage of $100 bills
  • Monday, 30 June, 2025
    UnhedgedMarkets
    Meta and private credit Premium content

    Plus central bank digital currencies

  • Friday, 27 June, 2025
    UnhedgedMarkets
    Enrico Letta: ‘If we have 27 markets, we will be a colony of Wall Street’ Premium content

    The former Italian prime minister on how to make Europe a single financial market

    Enrico Letta
  • Thursday, 26 June, 2025
    Unhedged Podcast23 min listen
    Can anything stop the US economy?

    War, tariffs, high interest rates, etc. Why don’t markets care?

  • Thursday, 26 June, 2025
    UnhedgedMarkets
    A resilient economy makes a resilient market Premium content

    Shocks? What shocks?

    The New York Stock Exchange
  • Wednesday, 25 June, 2025
    UnhedgedMarkets
    Deposit tokens are not a payments breakthrough Premium content

    And how much does the Fed chair matter?

    Bitcoin, ethereum and ripple coins
  • Tuesday, 24 June, 2025
    Unhedged Podcast23 min listen
    Who wants to be a Fed chair?

    Jay Powell has nearly a year left. Let the jockeying begin

  • Tuesday, 24 June, 2025
    UnhedgedMiddle East war
    Last call for Tacos? Premium content

    And commodity prices

    A sign reading ‘Cluck Cluck TACO’ outside the White House
  • Monday, 23 June, 2025
    UnhedgedMarkets
    The US, Iran and markets Premium content

    What matters now is Tehran’s response

  • Friday, 20 June, 2025
    Style
    With men’s accessories, beware of flair

    Neckties and simple watches can be elegant — but leave the tie pins and patterned socks in the drawer

  • Thursday, 19 June, 2025
    UnhedgedMarkets
    At a mad moment, a dull Fed is good Premium content

    And the housing market still does not work

    TV screen showing Fed chair Jay Powell speaking to media
  • Wednesday, 18 June, 2025
    UnhedgedMarkets
    Restaurants flash a warning Premium content

    Plus oil’s fat tails, and immigration

    Close-up of US $100 dollar bills
  • Tuesday, 17 June, 2025
    Unhedged Podcast21 min listen
    What the Israel-Iran war means for markets

    Iran is a major oil producer. Will the recent conflict push the price higher?

  • Tuesday, 17 June, 2025
    UnhedgedMarkets
    War and the Fed Premium content

    Plus retailer stablecoins

    Jay  Powell
  • Friday, 13 June, 2025
    UnhedgedMarkets
    BlackRock and alternative investments Premium content

    Plus geopolitics and capital flows

    Larry Fink
  • Thursday, 12 June, 2025
    Unhedged Podcast20 min listen
    What makes Tesla run?

    Ticking through the factors that drive the electric-car maker’s stock price

  • Thursday, 12 June, 2025
    UnhedgedMarkets
    No tariff inflation yet Premium content

    And copper distortions

    A montage with Donald Trump clapping and the US flag in the background
  • Wednesday, 11 June, 2025
    UnhedgedMarkets
    The razor’s edge deficit theory Premium content

    And cable network spin-offs

    Montage of dominoes
  • Tuesday, 10 June, 2025
    UnhedgedMarkets
    Bitcoin-buying companies Premium content

    And US versus Chinese solar producers

    Michael Saylor
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