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

Positioning Watch – How are markets positioned ahead of a turbulent 2024?

Elias Lisberg Glistrup

Macroeconomics

<ul><li>Welcome to this chart-dense edition of the Equity Watch, where we zoom in on the Japanese Nikkei 225 and ponder whether it’s too late to capitalize on its stride, or if the bet in fact has got legs and fundamentals working for it.</li><li>Yesterday morning CET, the BoJ announced its latest monetary policy decision, and once again, it chose to maintain the status quo.</li><li>While FX and FI are synonymous to Japan, its equity market has arguably transformed from under-equitized to one of the hottest bull markets in the uncertain conditions of today.</li></ul>

Welcome to this chart-dense edition of the Equity Watch, where we zoom in on the Japanese Nikkei 225 and ponder whether it’s too late to capitalize on its stride, or if the bet in fact has got legs and fundamentals working for it.Yesterday morning CET, the BoJ announced its latest monetary policy decision, and once again, it chose to maintain the status quo.While FX and FI are synonymous to Japan, its equity market has arguably transformed from under-equitized to one of the hottest bull markets in the uncertain conditions of today.

Equity Watch: Japan – Board or abort Nikkei 225?