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

Steno Signals #58 – The One on Banana Republics, Yield Curve Controls and the Yuge EUR Consensus

Macro Regime Indicator: PMIs to drive price action together with headline inflation

Business Cycle Watch – Recession or Rebound?

Head of Research and Global Chief Strategist, Steno Research

Andreas Steno

Head of Research and Global Chief Strategist

Macroeconomics

<ul><li>We have spent the last week studying the business cycle intensively to gauge how various asset classes look at the cycle right now.</li><li>It is safe to say that nothing has been normal in this post-Covid “cycle” and that is probably exactly the reason why we are currently stuck in a debate on whether the economy rebounds or goes into a recession.</li><li>Let’s have a look at the evidence.</li></ul>

We have spent the last week studying the business cycle intensively to gauge how various asset classes look at the cycle right now.It is safe to say that nothing has been normal in this post-Covid “cycle” and that is probably exactly the reason why we are currently stuck in a debate on whether the economy rebounds or goes into a recession.Let’s have a look at the evidence.

Lyxor US Curve Steepening 2-10 UCITS ETF (STPU LN)

Steno Signals #58 – Rebound or recession? Or both?