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

The Week At A Glance: No one trusts the July job report, but should they?

Week at a Glance: Markets Have Truly Thrown Inflation in the Bin by Now

The Week at a Glance – Is a 50bps Cut Good if Paired with Economic Weakness?

Macro Regime Indicator: Liquidity is Starting to Improve

US Inflation Watch: Disinflation scare or relief?

Steno Signals #111 – More or less liquidity? More or less recession? More or less real?

Head of Research and Global Chief Strategist, Steno Research

Andreas Steno

Head of Research and Global Chief Strategist

Macroeconomics

<ul><li>What a July we’ve had.</li><li>The G3 central banks have now received plenty of labor market data that justifies cutting rates fairly aggressively.</li><li>In our opinion, this is a tricky trend to resist, even if market pricing does admittedly seem aggressive.</li></ul>

What a July we’ve had.The G3 central banks have now received plenty of labor market data that justifies cutting rates fairly aggressively.In our opinion, this is a tricky trend to resist, even if market pricing does admittedly seem aggressive.

Macro/Rates Watch: When the entire foundation rests on liquidity