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
Feb 25, 2024 • 42min
Macro Sunday #38 - MELT UP! Special guest: Mads Eberhardt
Assets are melting up as optimism around the business cycle improves. Discussion on trading the cyclical comeback. Crypto assets celebrating the uptick post-launch of Bitcoin ETFs. Insights on market growth, NVIDIA's dominance, and strategic stockpiling. Strategies for cryptocurrency investment amid global geopolitical shifts. Analysis of US approval decision, European support for Ukraine, government spending impact on interest rates, investment opportunities in a growing economy.
4 snips
Feb 18, 2024 • 46min
Macro Sunday #37 - Inflation is BACK! - Guest: Freya Beamish
Economist Freya Beamish from TS Lombard discusses the return of US inflation, China's uncertain outlook, and Japan's strong structural case. Topics include inflation trends, Red Sea crisis impacts, Eurozone challenges, Bank of Japan policies, and potential investment opportunities in wind energy.
Feb 11, 2024 • 57min
Macro Sunday #36 - Recession called off? Guest: Mikael Sarwe
Economic analyst and commentator, Mikael Sarwe, joins the hosts to discuss the US recession, the impacts of Donald Trump's return to the White House on Ukraine and the stock market, Brazil's current events and market implications, credit risk in China and Mexico, the confusing start to the year for the economy and stock market, recent events in New York Community Bank, and speculating on the Bank of Japan's interest rate moves and currency trading.
Feb 4, 2024 • 44min
Macro Sunday #35 - War between the US and Iran? Guest: Jacob Shapiro
Geopolitics expert Jacob Shapiro joins the podcast to discuss the potential war between the US and Iran. They explore the implications for global markets, examine the stabilization of ship traffic, and express concerns about unresolved issues impacting shipping activity. They also delve into recent actions by Iranian militias, the lack of interest in escalation from most state actors, and the role of geopolitical competition in driving tech innovation and energy transition. The discussion includes rumors of a truce between Israel and Hamas and its potential impact on the oil price.
5 snips
Jan 28, 2024 • 42min
Macro Sunday #34 - The Red Sea is WORSENING
The podcast explores the worsening crisis in the Red Sea and its lasting impact on global inflation. It discusses the implications for Chinese, European, and US markets. Other topics include the difficulties of powering electric tanks, Ukraine's actions and their ramifications for US inflation, China's commitment and implementation debate, the impact on Germany, and the possibility of increased aerial attacks using bats.
Jan 21, 2024 • 54min
Macro Sunday #33 - A new supply shock? Guest: Dario Perkins
Global macro economist, Dario Perkins, joins the hosts to discuss a new supply shock in the Red Sea and its potential impact on freight rates and imported goods. They also explore the turbulence between Iran and Pakistan, the divergence in inflation trends between the dollar and euro, and the implications of China's manipulated GDP numbers on asset prices.
6 snips
Jan 14, 2024 • 45min
Macro Sunday #32 - Inflation strikes back! Guest: Bob Elliott
Bob Elliott, an expert in economics and finance, joins the show to discuss the re-acceleration of US inflation and its implications for the Fed. The podcast also explores the recent developments in the Red Sea and the potential impact on financial markets. Other topics include inflation trends in Japan, the Federal Reserve's balance sheet, and the divergence in inflation trends between the US and outside of the US.
Jan 7, 2024 • 39min
Macro Sunday #31 - Spiking freight rates bringing back inflation?
The podcast discusses the potential impact of high issuance and supply chain disruptions on inflation, focusing on Europe and transportation. They explore the recent attacks on freight ships in the Red Sea and its implications for global trade. The consequences of the Federal Reserve's actions and Bitcoin's ETF approval are also discussed, along with the country's debt, rising energy prices, and interest rates. The chapter concludes with a conversation about high inflation and its impact on freight rates, as well as potential strategies for investing in shipping companies.
Dec 31, 2023 • 53min
#30 - How’s consensus going to be wrongfooted in 2024? Guest: Marvin Barth
Marvin Barth from Thematic Markets joins the hosts to discuss the consensus outlook for 2024 and the pros/cons of betting against it. Topics include the ongoing war between Russia and Ukraine, the potential return of Donald Trump, debunking predictions, implications of a globalization shift on credit events, and concerns about future political instability in the US.
Dec 24, 2023 • 33min
#29 - Inflation Volatility is back! Guest: Claus Vistesen
The podcast features Claus Vistesen, Economist at Pantheon, as a guest. The host and guest discuss recent inflation prints in the UK and the US, the challenges faced by the European Central Bank (ECB) in guiding market expectations, and the possibility of ECB cutting interest rates. They also explore the uncertainties and indicators pointing towards re-acceleration in inflation next year.
