Steno Research

Steno Research is a new macro and geopolitical research house. We are based out of Copenhagen, Denmark, but have an international team and a strong network of sources and partners around the world. The team is lead by Andreas Steno, previous global head of strategy at Nordea Bank, and Mikkel Rosenvold, former chief consultant in the Danish Ministry of Finance.

Macro and Geopolitical Research House

Macro Strategy– Has Global Liquidity (And the Equity Market) Bottomed Already?

Battle Lines Drawn As BABA Builds Out First/Last-Mile Capacity; But Who Will Fund 75+ Bn CNY CapEx?

Head of Research and Global Chief Strategist, Steno Research

Andreas Steno

Head of Research and Global Chief Strategist

Cross Asset Strategy

Multiple Countries / Cross Asset Strategy

<ul>
<li>The higher for longer narrative is tattooed all over the current market</li>
<li>But if the economy is actually rebounding it is not bad news for risk assets</li>
<li>Something has to give. Either rates and equities go up in tandem or else the current narrative is wrongfooted</li>
</ul>


The higher for longer narrative is tattooed all over the current market
But if the economy is actually rebounding it is not bad news for risk assets
Something has to give. Either rates and equities go up in tandem or else the current narrative is wrongfooted


5 Things We Watch: Higher For Longer, the Consumer, Core Prices, Energy Prices and Cyclicals