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>We stay net long equities but remain on high alert for a potential “crowdening” of the view</li>
<li>Crowded EUR longs makes for decent risk/reward in JPY and AUD versus the USD</li>
<li>Stay long copper, shy away from gold and ponder some risk in long palladium. Energy longs remain saturated. </li>
</ul>


We stay net long equities but remain on high alert for a potential “crowdening” of the view
Crowded EUR longs makes for decent risk/reward in JPY and AUD versus the USD
Stay long copper, shy away from gold and ponder some risk in long palladium. Energy longs remain saturated. 


Positioning Watch - A Turn to Fund Flows