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

Political Analyst | Steno Research, Steno Research

Anne Sandager

Political Analyst | Steno Research

Macroeconomics

<ul><li style="font-weight: 400;">The U.S is at risk of a partial government shutdown beginning Jan. 19th of departments responsible for Agriculture, Energy/Water, Military Construction/Veterans Affairs and Transportation.</li><li style="font-weight: 400;">However, investors need not be overly concerned. Both Democratic and Republican leadership are incentivized to get a deal done, so even if a partial shutdown were to commence, it will be short lived with little impact on markets. </li><li style="font-weight: 400;">Republicans are keen on securing funding for the U.S-Mexico border and improve their image as a party that can actually govern. Democrats, meanwhile, need to eliminate the 1% across-the-board cut to non-discretionary spending imposed on Jan. 1st. These factors provide ample motivation for lawmakers to get spending bills done.</li></ul>

The U.S is at risk of a partial government shutdown beginning Jan. 19th of departments responsible for Agriculture, Energy/Water, Military Construction/Veterans Affairs and Transportation.However, investors need not be overly concerned. Both Democratic and Republican leadership are incentivized to get a deal done, so even if a partial shutdown were to commence, it will be short lived with little impact on markets. Republicans are keen on securing funding for the U.S-Mexico border and improve their image as a party that can actually govern. Democrats, meanwhile, need to eliminate the 1% across-the-board cut to non-discretionary spending imposed on Jan. 1st. These factors provide ample motivation for lawmakers to get spending bills done.

U.S. Debt Watch: Biden Lost $17B the First Day of 2024