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Reposted by Robert Armstrong

Sol LeWitt @sollewitt.bsky.social · 11h

Black/Black Curvy Brushstrokes http://www.moma.org/collection/works/185834

Gift of the LeWitt Family in honor of Sarah-Ann and Werner H. Kramarsky

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Robert Armstrong @robarmstrong.bsky.social · 15h

Nice thread on the gold rally from @ftedit.ft.com team!

FT Edit @ftedit.ft.com · 18h

Early this morning, gold hit a “historic milestone” as it climbed above $4,000 a troy ounce for the first time. Gold prices have already risen by more than 50% this year.

What’s driving this record run? An #FTEdit 🧵

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Reposted by Robert Armstrong

Katie Martin @katie0martin.ft.com · 22h

🪙 👂🏼 POD TIME 👂🏼 🪙
me and @robarmstrong.bsky.social on GOLD (gold)

-Always believe in your soul
-super soaraway pet rocks
-Rob being wrong

open.spotify.com/episode/1p21...

Spotify – Web Player

open.spotify.com

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Robert Armstrong @robarmstrong.bsky.social · 3d

did you make it through the man without qualties?

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Robert Armstrong @robarmstrong.bsky.social · 5d

Value, low beta, and equal weigh all at very long term realtive lows... time to bargain hunt?
ft.com/content/8409...

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Robert Armstrong @robarmstrong.bsky.social · 5d

Value add by industry ... the historical data still appears to be there ...

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Reposted by Robert Armstrong

Katie Martin @katie0martin.ft.com · 5d

👂🏼 POD TIME 👂🏼

me and @robarmstrong.bsky.social on:
❌ Shut it down
🤖 Bubblicious AI
🌑 Shadow banks
🍺 Rob's commuting secret
🤒 Katie's covid countdown

open.spotify.com/episode/7yKs...

AI, shutdowns and shadow banks

open.spotify.com

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Reposted by Robert Armstrong

Katie Martin @katie0martin.ft.com · 6d

Are YOU a bright markets reporter in London who would like to make ME look clever?
Well... Wisely or otherwise, I'm joining up with @robarmstrong.bsky.social on the Unhedged newsletter and I'm looking for someone with bright ideas and data skills.
Job ad:

job-boards.eu.greenhouse.io/financialtim...

Unhedged Reporter

London

job-boards.eu.greenhouse.io

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Robert Armstrong @robarmstrong.bsky.social · 6d

boo

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Reposted by Robert Armstrong

Jim Kane @kanejim.bsky.social · 6d

“…NDFIs acquire “liquidity insurance”, usually in the form of credit lines with banks. These lines are the “umbilical cords” connecting the NDFIs to the banks, as Acharya put it to Unhedged.”

Shadow banks are not outside the banking system

And that is a worry

on.ft.com

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Reposted by Robert Armstrong

Ian Harnett @ianrharnett.bsky.social · 7d

Many thanks to @robarmstrong.bsky.social for including this ASR chart and comment in his recent Unhedged column for the @financialtimes.com. We showed how the US market is not just over-valued but also over-owned

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Robert Armstrong @robarmstrong.bsky.social · 7d

here's the arithmatic

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Robert Armstrong @robarmstrong.bsky.social · 7d

Got to use the numbers on table 3 of the release (levels and change)

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Reposted by Robert Armstrong

Giles Wilkes @gilesyb.bsky.social · 7d

"In sum, at the aggregate level, Americans rather than foreigners are paying the tariffs, with more pass-through likely ahead for consumers."
www.ft.com/content/603b...

GDP - AI = 0?

Plus, who is paying the tariffs

www.ft.com

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Robert Armstrong @robarmstrong.bsky.social · 9d

The Milei Mess!
Sign up for Unhedged Chart of the Week here:
tinyurl.com/yrzruuym

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Robert Armstrong @robarmstrong.bsky.social · 12d

Readers: my next several style columns in the FT will be about this porcupine. That is all.

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Reposted by Robert Armstrong

Ian Smith @iankmsmith.ft.com · 12d

Very much don't miss this from @robarmstrong.bsky.social on stock allocations
www.ft.com/content/4f05...

Stock allocations are historically high

And cash allocations historically low. Is that scary?

www.ft.com

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Reposted by Robert Armstrong

Jesse Felder @jessefelder.bsky.social · 15d

‘Individual investors’ cash allocations are well below average.’ www.ft.com/content/b4a3... via @robarmstrong.bsky.social

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Reposted by Robert Armstrong

Hakyung Kim @hakyungkim.bsky.social · 18d

Sign up for Unhedged's 'Chart of the Week' (free!) here:
www.ft.com/newsletter-s...

Financial Times

www.ft.com

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Reposted by Robert Armstrong

Hakyung Kim @hakyungkim.bsky.social · 18d

Trump promised that tariffs would lead to a big increase in US production at the expense of imports, and at the same time generate enormous tax revenues. Critics replied that it had to be one or the other. So far, revenues are the clear winner. w/ @theboysmithy.ft.com @robarmstrong.bsky.social

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Robert Armstrong @robarmstrong.bsky.social · 19d

"Underdressing has become ubiquitous, and so lost its power. It’s less fun for the mogul to wear a hoodie when his toadies do too; this explains why dressing up is coming back in."

www.ft.com/content/cf19...

Getting dressed for fun and dominance

From Jensen Huang’s biker jacket to President Trump’s shoulder pads, it’s all about looking the part to play the part

www.ft.com

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Robert Armstrong @robarmstrong.bsky.social · 19d

good idea!

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Reposted by Robert Armstrong

FT Alphaville @alphaville.ft.com · 19d

300 paywall jumps for Robin's MainFT lunch with Jean-Philippe Bouchaud. Get one before someone else does.

on.ft.com/3K7Or9T

Investor Jean-Philippe Bouchaud: ‘The whole bull run is because of an influx of money’

[FREE TO READ] The physicist and hedge fund manager on why the efficient markets theory is ‘all wrong’, economists with ‘mathematics envy’ — and what Camus can teach us about compromise

on.ft.com

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Robert Armstrong @robarmstrong.bsky.social · 21d

Spot the new guy

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Reposted by Robert Armstrong

Katie Martin @katie0martin.ft.com · 21d

📈 👂🏼 POD TIME 👂🏼 📉

Me, @robarmstrong.bsky.social and @antoinegara.bsky.social with:

-a cynic's guide to private equity
-posh gyms (incl "photographs of pebbles", ht John Cooper Clarke)
-cigar box accounting

open.spotify.com/episode/0Hz4...

Private equity’s public reckoning

open.spotify.com

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