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
Dec 17, 2023 • 1h 1min
#28 - Powell invites for a risk asset party. Guest: Raoul Pal
Raoul Pal, a guest on the podcast, discusses the late reaction of central banks to recessionary pricing of risk assets. The podcast explores the abuse of communication tools in monetary policy, the relationship between the US treasury and the federal reserve, the impact of AI on GDP growth, the role of humans in digital communities, and analysis of domestic indicators and energy supply risks.
Dec 9, 2023 • 59min
#27 - There is no fever like gold fever - Guest: Ronnie Stoeferle
Ronnie Stoeferle, author of In Gold We Trust and of Incrementum Funds, discusses the recent performance of gold and the buyers behind its rally. The podcast also covers the state of the US economy, the credibility of the Federal Reserve, and the impact of US elections. Geopolitical risks in US operations near Guiana and Venezuela are explored, as well as the idea of filling up the Strategic Petroleum Reserve and the exponential age.
Dec 3, 2023 • 51min
#26 - Are central banks asleep at the wheel? Guest: Cathie Wood
Renowned tech investor Cathie Woods discusses the rally in duration heavy equity assets through 2023, the impact of central banks on the market, and the redefining of markets through innovation. The conversation also touches on investment strategy, oil market dynamics, and the potential rebound of ISM services.
Nov 26, 2023 • 1h 1min
#25 - Why is offshore wind not performing? Guest: Suriya Jayanti
Former Chief of the Energy unit at the US Embassy in Kiev and co-founder of the Eney LCC, Suriya Jayanti, discusses the challenges of offshore wind, the importance of a diversified energy mix, and China's role in the energy transition. The speakers also explore investing in the green transition during a global recession and analyze the relationship between mortgage-backed securities and corporate credit. They conclude by discussing the current state of energy markets and oil production.
Nov 19, 2023 • 58min
#24 - The End of US Outperformance? - Guest: Mike Green
Mike Green, guest from Simplify Asset Management, joins hosts to discuss the outlook for the US economy compared to Europe and Asia. They analyze the recent inflation report, market conditions, recession possibility, and the consequences of Fed's interest rate hike. They also discuss the limitations of solar energy, the inflation reduction act, the Green New Deal, and China's economy.
5 snips
Nov 12, 2023 • 58min
#23 - Are central banks insolvent? Guest: Dario Perkins
Dario Perkins, central bank watcher and creator of the Perkins rule, discusses central bank insolvency, fiscal consequences of quantitative easing (QE), and the impact of Asian trade on Federal Reserve's decision. They also explore the long-term consequences of QE and delve into the factors driving the recent move in Bitcoin.
Nov 5, 2023 • 59min
#22 - Either you do Japan, or Japan will do you! - Guest: Weston Nakamura
Japanese monetary and fiscal policy expert Weston Nakamura discusses the Bank of Japan's success in fighting against USD strength, challenges of normalizing monetary policy, analyzing trends and manipulating statistics, exploring political uncertainties and defense expenditures, the impact of forceful push on US yields and the European equation of debt, and analysis of the UK financial sector and labor market conditions.
5 snips
Oct 29, 2023 • 1h 5min
#21 - Is the US Treasury onslaught over? - Guest: Bob Elliott, Unlimited Funds
In this podcast, Bob Elliott, an expert in US Treasuries and founder of Unlimited Funds, discusses the outlook for treasuries and the impact of new House speaker and upcoming appropriations talks. Other topics include inflation trends, debt issuance battle, foreign purchases of treasuries, steps before Fed can ease, European inflation, challenges of shorting in bonds, and a possible rally in the long end of the yield curve.
20 snips
Oct 22, 2023 • 38min
#20 - Math and why does it matter? - Guest: Steen Jakobsen, Saxo Bank
Expert in commodities and positioning at Saxo Bank, Steen Jakobsen, joins Andreas to discuss inflation math and its importance. They analyze the current economic trends, inflation situation in Japan, yield curve uninversion as a recession signal, factors contributing to inflation, trade opportunities in natural gas, and the importance of a steeper U curve in the US dollar curves.
Oct 15, 2023 • 41min
#19 - Energy Stocks are the New Bonds
Warren Pies, an expert in oil and bonds, joins the hosts to discuss whether energy stocks can replace fixed income. They analyze market perception of interest rate hikes, Jay Powell's views on inflation, shifts in the oil market, and the impact of energy prices in Europe.
