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

Energy Cable #63: It is still all eyes on China

Energy Cable #61: Commodities are breaking out #2!

Head of Research and Global Chief Strategist, Steno Research

Andreas Steno

Head of Research and Global Chief Strategist

Macroeconomics

<ul><li>Last week we took healthy profits in some of our global reflation bets.</li><li>We got out of silver and copper, but remain in the broad materials ETF.</li><li>Data out of China is a bit unclear with some prints being bullish and others bearish and then ambiguous data points such as the BOOMING copper stock. </li></ul>

Last week we took healthy profits in some of our global reflation bets.We got out of silver and copper, but remain in the broad materials ETF.Data out of China is a bit unclear with some prints being bullish and others bearish and then ambiguous data points such as the BOOMING copper stock. 

Energy Cable #62: Biden is selling crude straddles, while something is cooking in China