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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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    • Friday, 24 March, 2023
      Robert Armstrong
      Banks: quickly, then slowly Premium content

      The crisis phase will give way to profit pressure

      2 hours ago
    • Thursday, 23 March, 2023
      Robert Armstrong
      Powell splits the difference Premium content

      The banking crisis is a mystery to the Fed, too

    • Wednesday, 22 March, 2023
      Robert Armstrong
      What the Fed should do Premium content

      Steady on, Jay

    • Tuesday, 21 March, 2023
      Markets
      Against bank stocks Premium content

      Plus, people are worrying about commercial real estate

    • Monday, 20 March, 2023
      Robert Armstrong
      First Republic could use a deal, too Premium content

      Plus, regional bank lending matters a lot

    • Friday, 17 March, 2023
      Robert Armstrong
      First Republic’s red flags Premium content

      Why the market turned against the bank

    • Thursday, 16 March, 2023
      Robert Armstrong
      Credit Suisse under siege Premium content

      The fear bug jumps to Europe

    • Wednesday, 15 March, 2023
      Robert Armstrong
      The bailout blues Premium content

      Is protecting uninsured depositors really so bad?

    • Tuesday, 14 March, 2023
      Robert Armstrong
      Will another bank fall?

      And have rates gone mad?

    • Monday, 13 March, 2023
      Robert Armstrong
      SVB was only a little bit insolvent, luckily Premium content

      Plus the jobs report

    • Friday, 10 March, 2023
      Robert Armstrong
      SVB is not a canary in the banking coal mine Premium content

      All we have to fear is fear itself, and that’s plenty

    • Thursday, 9 March, 2023
      Robert Armstrong
      The global rally revisited Premium content

      The catalysts have fizzled

    • Wednesday, 8 March, 2023
      Robert Armstrong
      Jay Powell makes an important change Premium content

      Fed chief says pace of rate rises matters in battle against inflation

    • Tuesday, 7 March, 2023
      Robert Armstrong
      All eyes on sales growth Premium content

      And share compensation expense

    • Monday, 6 March, 2023
      Ethan Wu
      Will the Fed scrap 2 per cent? Premium content

      And what it might do instead

    • Friday, 3 March, 2023
      Robert Armstrong
      Why activists love Salesforce Premium content

      Room to grow margins, tons of cash flow — and bad habits

    • Thursday, 2 March, 2023
      Robert Armstrong
      Why own stocks? Premium content

      And does Goldman need an activist?

    • Wednesday, 1 March, 2023
      Robert Armstrong
      The frozen housing market Premium content

      And what it means for the economy

    • Tuesday, 28 February, 2023
      Robert Armstrong
      Do most buybacks destroy value? Premium content

      Plus, US stocks are expensive

    • Monday, 27 February, 2023
      Robert Armstrong
      2022 never ended Premium content

      And Buffett on buybacks

    • Friday, 24 February, 2023
      Sujeet Indap
      Trickery reigns in distressed debt Premium content

      The legal gymnastics are ugly, but maybe not so bad

    • Thursday, 23 February, 2023
      Jennifer Hughes
      We’re not nearly there yet Premium content

      Plus, Australia’s RBA under fire

    • Wednesday, 22 February, 2023
      Ethan Wu
      The other source of US strength Premium content

      And the Fed’s inflation target

    • Tuesday, 21 February, 2023
      Katie Martin
      Will 60/40 trip again? Premium content

      Bad years tend to invite bouncebacks

    • Monday, 20 February, 2023
      Ethan Wu
      There is no ‘no landing’ outcome Premium content

      The landing will either be soft or hard

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