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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)
  • Monday, 2 June, 2025
    UnhedgedCryptocurrencies
    Still more on stablecoins Premium content

    Some real experts weigh in

    2 hours ago
    A vault
  • Friday, 30 May, 2025
    UnhedgedMarkets
    Tariff revenues and the deficit Premium content

    And South Korea looks cheap

    A montage of Donald Trump with chart lines in the background
  • Thursday, 29 May, 2025
    Unhedged Podcast22 min listen
    The nasty Taco question

    What happened when a journalist asked President Donald Trump about chickening out

  • Thursday, 29 May, 2025
    UnhedgedMarkets
    SLR reform and the ‘doom loop’ Premium content

    Encouraging banks to buy Treasuries has downsides

    A montage of Scott Bessent and the US Treasury seal
  • Wednesday, 28 May, 2025
    UnhedgedMarkets
    Stablecoins reconsidered Premium content

    Plus solar stocks vs Trump

    An illustration of gold plated souvenir cryptocurrency Tether, bitcoin and ethereum coins arranged beside a screen displaying a trading chart
  • Tuesday, 27 May, 2025
    Unhedged Podcast22 min listen
    The ‘big beautiful’ budget vs the bond market

    Will the bond market reign in US federal spending?

  • Tuesday, 27 May, 2025
    UnhedgedMarkets
    Stablecoins are bank deposits Premium content

    And stablecoin issuers are banks

    Self-deposit boxes
  • Friday, 23 May, 2025
    UnhedgedMarkets
    What retailers are telling us Premium content

    And long bonds gone wild

  • Thursday, 22 May, 2025
    Unhedged Podcast16 min listen
    When Spacs attack

    Special purpose acquisition companies are back and booming

  • Thursday, 22 May, 2025
    UnhedgedMarkets
    The deficit and dollar dynamics Premium content

    A scary moment could require a new framework

    US $100 bills
  • Monday, 19 May, 2025
    UnhedgedMarkets
    Breaking down the US and Chinese markets’ recoveries Premium content

    Plus bright spots in US consumer sentiment

  • Friday, 16 May, 2025
    UnhedgedMarkets
    Has gold peaked? Premium content

    Plus inflation expectations

    Gold bangles are displayed at a jewellery store in Mumbai, India
  • Thursday, 15 May, 2025
    UnhedgedMarkets
    Berkshire and the power of reputation Premium content

    Plus more on swaps and debt crises

    A cardboard cutout depicting Berkshire Hathaway chief executive Warren Buffett during a shareholders shopping day ahead of the Berkshire Hathaway annual shareholders meeting in Omaha, Nebraska on Friday, May 2 2025
  • Wednesday, 14 May, 2025
    Style
    What ‘good value’ means when it comes to clothes

    Yes, I want a bespoke sports jacket — but what kind of middle-class dad spends $6,000 on that?

  • Wednesday, 14 May, 2025
    UnhedgedMarkets
    On inflation, no bad news is good news Premium content

    And markets in a budget crises

    The New York Stock Exchange
  • Tuesday, 13 May, 2025
    Unhedged Podcast22 min listen
    Not-so-bad news is the new good news

    Moderate inflation and tariffs seem to lift markets

  • Tuesday, 13 May, 2025
    UnhedgedMarkets
    De-escalation and the damage done Premium content

    Lower China tariffs are great news, up to a point

    Scott Bessent and Jamieson Greer attend a news conference after trade talks with China in Geneva
  • Monday, 12 May, 2025
    UnhedgedMarkets
    Budget games, taxes and Treasuries Premium content

    And greedflation revisited

  • Friday, 9 May, 2025
    UnhedgedMarkets
    How Berkshire has changed Premium content

    And Taiwan’s currency

    Warren Buffett
  • Thursday, 8 May, 2025
    UnhedgedMarkets
    The Fed digs in Premium content

    And making sense of Trump’s economic vision

    A montage of Jay Powell
  • Wednesday, 7 May, 2025
    UnhedgedMarkets
    Where will the US economy be at year end? Premium content

    Re-entering the prediction matrix

  • Tuesday, 6 May, 2025
    UnhedgedInsurance
    How Buffett did it Premium content

    It’s more than great stock picks and insurance premiums

    Then US president Barack Obama awards the 2010 Medal of Freedom to Warren Buffett at the White House in Washington on February 15 2011
  • Friday, 2 May, 2025
    UnhedgedMarkets
    The US market’s surprise comeback Premium content

    And the rise of the ‘Taco’ trade theory

    The back of a US dollar, showing the US Capitol building and the motto ‘In God we trust’
  • Thursday, 1 May, 2025
    Unhedged Podcast23 min listen
    GDP goes negative

    Why a surge in imports decimated the first-quarter GDP

  • Thursday, 1 May, 2025
    UnhedgedMarkets
    The US economy: standing strong at the precipice Premium content

    A good GDP report, but change is on the way

    A montage of cranes offloading containers from a docked ship
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