Andreas Steno Larsen, a contributor at Real Vision and CIO of Steno Global Macro Fund, offers a deep dive into the current macroeconomic landscape. He discusses the interplay between liquidity dynamics and credit markets, detailing how private credit growth influences equity markets. The conversation highlights the complexities of inflation and its disparate impact across different sectors. They also explore market trends, particularly the implications of wage growth on performance and the evolving role of major companies in shaping economic recovery.