Market arguments
Examine competing explanations for stock and bond performance, paying attention to the assumptions each explanation needs to hold.
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Perimeter Reading / Markets
FT Unhedged
Robert Armstrong, Katie Martin and the FT Unhedged team
The Financial Times examines market arguments, valuations and macroeconomic forces, helping readers test the assumptions behind prevailing investment narratives and the day’s price moves.
Subscriptions are managed by the publisher. Saving to your Desk keeps this profile in your research library.
The publication
What to expect.
Unhedged is suited to readers who want to interrogate a market story rather than stop at the closing price. Its current team discusses subjects such as bond yields, monetary policy, portfolio construction and corporate financing. Approach each edition as an argument to evaluate: identify the claim, inspect the evidence and consider an alternative explanation. The main weekday newsletter is accompanied by a Saturday Chart of the Week edition, which has a separate free signup option.
Who it’s for
Investors and financially curious professionals who want to question market consensus, connect economic data with asset prices and improve the quality of their reasoning.
Inside the reading
Its areas of focus.
Macro connections
Connect central bank decisions, inflation and economic developments with investor expectations and the prices of financial assets.
Portfolio debates
Consider diversification, valuation and market positioning through analytical discussion that rewards comparing evidence across several different editions.
The Desk’s reading note
Make the read useful.
Write down the central claim before reading the supporting charts, then decide which evidence would change your view.
Keep a question, an idea to investigate, or a source to return to in your saved notes.
Add another perspective
