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

The Energy Cable #31 – Crack Spreads and Positioning Support the Bull-Case!

The Energy Cable #33 – The handoff – From positioning to fundamentals

The Energy Cable #34 – Double Top… Now What?

Head of Research and Global Chief Strategist, Steno Research

Andreas Steno

Head of Research and Global Chief Strategist

Macroeconomics

<ul><li>Rates are moving on the back of strong numbers in the labor market, but energy is not finding a bid... yet? This week we wonder if there is life in energy after all.</li></ul><div><div><ul><li>Below are some of the important curves in the energy space with their current price and price 1 month ago. Notice something? All have shifted upwards and we thus wonder if there is life in energy space after all?</li><li>If you are looking <span style="font-size: var(--content-font-size);">for arguments for strength in the curves below we find the Fed’s failure to tighten monetary conditions properly obvious, but that same reason might be why investors should tread lightly. Maybe that’s why energy stocks haven’t outperformed the market over the last month.     </span></li></ul></div></div>

Rates are moving on the back of strong numbers in the labor market, but energy is not finding a bid... yet? This week we wonder if there is life in energy after all.Below are some of the important curves in the energy space with their current price and price 1 month ago. Notice something? All have shifted upwards and we thus wonder if there is life in energy space after all?If you are looking for arguments for strength in the curves below we find the Fed’s failure to tighten monetary conditions properly obvious, but that same reason might be why investors should tread lightly. Maybe that’s why energy stocks haven’t outperformed the market over the last month.     

The Energy Cable #28 Is There Life in Energy After All? - Watch Series