Macro Mondays
Andreas Steno Larsen
Each and every Sunday, former Global Chief Strategist of Nordea Bank, Andreas Steno, invites colleagues and friends of Steno Research to share their views on the world of macro and geopolitics with loads of actionable content.We will maintain FULL independence without capital interests in having specific views and provide 100% transparency around how we trade and view the worldThe podcast will be the most entertaining and yet serious podcast in the Macro Space and as you will notice our trade ideas will be “SOMETIMES MAYBE GOOD, SOMETIMES MAYBE SHIT” (Listen to understand the context) Find out more about Steno Research with the 30% discount code “macro30” at www.stenoresearch.com/subscribe
Episodes
Mentioned books
Oct 15, 2024 • 36min
Macro Mondays #70 - The Beijing Nothing Burger
Dive into China's recent stimulus efforts, humorously dubbed the 'Beijing bazooka,' and their implications for global markets. Explore how U.S. liquidity concerns intertwine with potential shifts in monetary policy. Discover the latest trends in inflation and how geopolitical tensions, especially in the Israel-Hezbollah conflict, influence oil prices. Delve into innovative ways to earn yields on gold and silver while preserving wealth amidst economic uncertainties. Join the discussion on capital flows and hedge fund strategies!
Oct 7, 2024 • 28min
Macro Mondays #69 - Stimulating an OK economy
Delve into the fascinating dynamics of the current economic landscape. Learn how the Fed's interest rate cuts might influence a recovery. Discover innovative ways to earn yields on gold and silver while protecting against inflation. Explore shifting investment flows into China and the nuanced impacts on various sectors. Examine the delicate balance between tangible and intangible assets amidst evolving inflation expectations. Finally, discuss strategic investment shifts for cautious optimism in growth.
Sep 30, 2024 • 30min
Macro Mondays #68 - China bringing a potent knife to a gunfight?
The podcast dives into the recent rally of Chinese-linked assets, questioning whether the government's stimulus will truly change the economic landscape. It weighs temporary market uplifts against structural issues, such as declining exports and a housing crisis. The upcoming liquidity wave in the U.S. is analyzed, alongside its effects on risk assets. Lastly, the conversation touches on monetary policy, highlighting how a softer labor market could lead to aggressive rate cuts and enhance returns for investors in precious metals.
Sep 23, 2024 • 40min
Macro Mondays #67 - How to position for the cutting season?
The hosts dive into positioning strategies amid a recent rate cut, emphasizing the interplay between inflation and unemployment. They highlight the impact of geopolitical tensions in the Middle East on financial markets. A unique approach to earning yields on gold and silver is discussed, alongside insights on economic strategies. Explore how banking practices like 'window dressing' affect market liquidity, and get actionable investment strategies based on macro regime models and current market trends.
5 snips
Sep 16, 2024 • 29min
Macro Mondays #66 - 25BP or 50BP? And how to position
The podcast dives into recent CPI numbers and the Fed's decision on interest rate cuts. There's a captivating discussion on the potential impact of a 25 or 50 basis point cut. The hosts analyze market positioning amid political debates, touching on misinformation and media influence. They also explore the European Central Bank's conflicting signals and their effects on currency markets. The intriguing dynamics of gold investments and the significance of the upcoming Token 2049 event in Singapore are also highlighted.
Sep 9, 2024 • 34min
Macro Mondays #65 - Is this sell-off even worse?
The discussion dives into the recent market sell-off and what macro factors are driving this trend. Liquidity trends in the US and growth challenges in China hint at a deeper economic slump. They also tackle potential interest rate cuts in Europe alongside Nvidia's struggles in the evolving tech landscape. The implications of an upcoming US presidential debate on investment strategies are examined, along with the effects of price controls and gouging on essential goods. Finally, the significance of the Token 2049 event in Singapore is highlighted.
Sep 3, 2024 • 34min
Macro Mondays #64 - Was the H1 Rebound a fake?
The podcast dives into the intriguing rebound in manufacturing and questions if it's genuine or merely a result of temporary factors like tariffs. Experts analyze a challenging macro environment, suggesting a bleak outlook for September and its impact on oil-producing nations. There's a focus on market value gaps, sector performance, and OPEC's shifting influence in oil trading. The conversation highlights the complexities of investing in a low-growth landscape while navigating fluctuating economic indicators.
Aug 26, 2024 • 31min
Macro Mondays #63 - What to make of Powell's Jackson Hole Speech
Jay Powell, Chair of the Federal Reserve, provides insights into his recent Jackson Hole Speech, focusing on the effects of monetary policy on the labor market and inflation outlook in the US. The discussion includes the implications of potential interest rate cuts, the dynamics of the USD/JPY trade, and the interconnections between global central bank policies. Powell also touches on upcoming market challenges in September, geopolitical tensions, and how hedge funds are navigating the current landscape, making for a compelling and informative conversation.
5 snips
Aug 19, 2024 • 41min
Macro Mondays #62 - Shelter, liquidity & is it time to buy again?
Bob Elliott from Unlimited Funds joins to dissect the current economic climate as concerns mount over liquidity and inflation, particularly in the housing sector. They delve into how recent CPI data is shaping inflation trends and what it means for market strategies. The conversation also highlights the strategic role of gold in investment portfolios during uncertain times. Finally, they explore dollar-yen dynamics and their implications for commodities, especially with rising skepticism about market strength amidst varying economic signals.
9 snips
Aug 12, 2024 • 41min
Macro Mondays #61 - Advisors turning pessimistic & The Ukraine
Dive into macroeconomic insights as the hosts evaluate investment opportunities amidst changing market sentiments. They dissect the escalating situation in Ukraine and its ripple effects on energy markets. A strategic look at Ukraine's Kursk offensive raises questions about power dynamics and NATO support. Explore inflation trends affecting consumer prices, including used car and freight rates. The discussion wraps with a focus on tracking liquidity and inflation expectations to identify potential investments in today’s volatile landscape.
