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

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>Close to all timely indicators show a weakening labor market</li>
<li>Nominal wage growth is diminishing, but real wages rise on the back of dwindling inflation</li>
<li>The US economy WILL be in a recession in 2023 – but risk assets could still thrive a little longer </li>
</ul>


Close to all timely indicators show a weakening labor market
Nominal wage growth is diminishing, but real wages rise on the back of dwindling inflation
The US economy WILL be in a recession in 2023 – but risk assets could still thrive a little longer 


Labor Market Watch: The Final Nail in the Coffin?