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

Portfolio Watch: No Quarter and No Surrender

Portfolio Watch: The Art of Resisting Panic

Portfolio Watch: Equities Running Out of Gas?

Portfolio Watch: The wheels are coming off in Europe

Head of Research, Steno Research

Emil Moller

Head of Research

Macroeconomics

<ul><li>Hello Everybody and welcome back to our weekly Portfolio Watch where we take the temperature on our Macro calls and provide our perspective on how they align with what we read in the tea leaves.</li><li>Highlights upfront:We’ve performed exceptionally well in an exceptionally challenging market over the past few weeks.</li><li>Our equity exposure is entirely in spreads, but we lean bearish on equities and the overall economy.</li></ul>

Hello Everybody and welcome back to our weekly Portfolio Watch where we take the temperature on our Macro calls and provide our perspective on how they align with what we read in the tea leaves.Highlights upfront:We’ve performed exceptionally well in an exceptionally challenging market over the past few weeks.Our equity exposure is entirely in spreads, but we lean bearish on equities and the overall economy.

Portfolio Watch: The Last Gasp of a Dying Man?