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: Shifting Gears without Panic

Positioning Watch – How Are Traders Positioned?

Head of Research, Steno Research

Emil Moller

Head of Research

Cross Asset Strategy

Multiple Countries / Cross Asset Strategy

<ul><li>Hello everybody and welcome back to our Monday Positioning Watch! We’re here again on this fine Monday, ready to delve into our take on the market’s current temperature based on the latest Positioning and CFTC data.</li><li>Last week, we left off with the possibility of an impending bear market rally.</li><li>If that indeed plays out, it’s the positions with the heaviest shorts that are most at risk and we expect the bleeding is not done.</li></ul>

Hello everybody and welcome back to our Monday Positioning Watch! We’re here again on this fine Monday, ready to delve into our take on the market’s current temperature based on the latest Positioning and CFTC data.Last week, we left off with the possibility of an impending bear market rally.If that indeed plays out, it’s the positions with the heaviest shorts that are most at risk and we expect the bleeding is not done.

Positioning Watch: Prepared for a Short Squeeze?