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

Positioning Watch – Is This a Bear Market Rally or the Beginning of a Bull Run?

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>Equity positioning: No love for tech stocks, consumer discretionary, while overall positioning remains VERY short </li>
<li>FX positioning: Market is too long NZD, while traders are not really buying the USD rebound</li>
<li>Bond positioning: Shorts are getting crowded again after hawkish Fed rhetoric</li>
</ul>


Equity positioning: No love for tech stocks, consumer discretionary, while overall positioning remains VERY short 
FX positioning: Market is too long NZD, while traders are not really buying the USD rebound
Bond positioning: Shorts are getting crowded again after hawkish Fed rhetoric


Positioning Watch: Investors Are yet Again Short Bonds..