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

Macroeconomics

United states & Switzerland / Macroeconomics

ishares msci switzerland index fund (etf) (EWL US)

ishares msci switzerland index fund (etf)

<ul>
<li>Remember that we are replacing our “Something for your Espresso” with “The Week at a Glance” every Monday, featuring forward-looking expectations for the macro trading week ahead.</li>
<li>This week is another make-or-break week in US macro as growth surprises have turned negative lately.</li>
<li>This is not a major issue as long as the inflation surprises follow, as fears of weaker growth are alleviated by softer discount rates and lower inflation expectations in such a case.</li>
</ul>


Remember that we are replacing our “Something for your Espresso” with “The Week at a Glance” every Monday, featuring forward-looking expectations for the macro trading week ahead.
This week is another make-or-break week in US macro as growth surprises have turned negative lately.
This is not a major issue as long as the inflation surprises follow, as fears of weaker growth are alleviated by softer discount rates and lower inflation expectations in such a case.


The Week at a Glance: Stagflation or (temporary) Goldilocks?