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>Liquidity indeed increased through March, which was accelerated by bank failures leading to liquidity injections via lending programs.</li>
<li>Our forward-looking indicators have all increased their conviction in continued disinflation through March</li>
<li>The depth of the slowdown/contraction will likely be decided by the credit standards from banks.</li>
</ul>


Liquidity indeed increased through March, which was accelerated by bank failures leading to liquidity injections via lending programs.
Our forward-looking indicators have all increased their conviction in continued disinflation through March
The depth of the slowdown/contraction will likely be decided by the credit standards from banks.


Macro Regime Model Update: QE-Like Environment Continues