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
4 snips
Aug 20, 2023 • 42min
#11 - Macro Sunday: 3 scenarios for the Chinese response to the RE malaise
The podcast discusses the current state of the Chinese economy, the acceleration of passenger car exports from China, the importance of the 730 handle holding, China's response to the real estate market, uncertainty surrounding the Chinese strategic petroleum reserve, and activist protests against fossil fuel production.
Aug 13, 2023 • 43min
#10 - A steeper curve to create a recession - Guest: Bob Elliot
The yield curve inversion was never a recession signal. An uninversion and higher rates (via bear steepening) is needed to push the economy in to recession. We discuss the allocation playbook given the knowledge we have on the yield curve with Bob Elliot, former Bridgewater and now CIO of Unlimited Funds. You can use Macro30 to get 30% off your subscription at www.stenoresearch.com
Aug 6, 2023 • 39min
#9 - Coups, YCC and the big rotation trade
Is the big rotation now ongoing in rates and equities after the BoJ steepened the JGB curve?Find out as we discuss the bizarre developments in Niger, Jeddah and Japan in light of the material steepening of the USD curve.You can find more on www.stenoresearch.com and use the exclusive code Macro30 to get 30% off your annual subscription.
5 snips
Jul 30, 2023 • 43min
#8 - From recession to Goldilocks - USA USA USA - Guest: Darius Dale
From a technical recession in July-2022 to a widespread acceleration in July-2023. The US economy is not done performing and the interest rate sensitivity seems much smaller than usual.What has changed in the US economy and is the soft landing an actual feasible scenario? We host Darius Dale of 42 Macro for a discussion on the strenght of the US economy and how to trade it.If you want more of our transparent and actionable research, you can use the code macro30 to get 30% off your subscription at www.stenoresearch.com
Jul 28, 2023 • 13min
#7 - Breaking: 3 reasons why the BoJ decision is NOT a gamechanger
Markets initially panicked after the Bank of Japan decision to move the needle on the yield curve control was leaked. The new yield curve control regime is much more flexible, which can actually be seen as a positive.We discuss the surprise decision by Bank of Japan in this short Breaking edition of “Macro Sunday” If you want more of our transparent and actionable research, you can use the code macro30 to get 30% off your subscription at www.stenoresearch.com
Jul 23, 2023 • 33min
#6 - Geopolitical risks are back - Guest: Claus Vistesen
Why is the EUR so resilient? And will it continue to be so in the wake of renewed geopolitical turmoil in the Eastern parts of the continent?We welcome Claus Vistesen of Pantheon Economics to discuss the European case. A buy or a sell relative to expectations?Remember that you can use macro30 to get 30% off your subscription at https://stenoresearch.com/subscribe/
Jul 16, 2023 • 48min
#5 - 4 reasons why the recession never arrived - Guest: Dario Perkins
Andreas Steno and Emil Moller of Steno Research host Dario Perkins of TS Lombard for a discussion the recession that never arrived. Steno Research had a tremendous trading week after acing the US Inflation Report. What is ahead for inflation after this dovish report and will central banks pause in a coordinated fashion from August and onwards?Remember that you can use the exclusive code “Macro30” to get 30% off your subscription at www.stenoresearch.com - live portfolio, quant tools and full global Macro coverage and much more.
Jul 9, 2023 • 44min
#3 - Why is everyone so obsessed with the BRICS currency? Guest: Jacob L. Shapiro
What's actually going on in Russia? Is the US taking a softer stance towards China with visits from both Blinken and Yellen? And what's going on with the suggested gold-based BRICS currency? We take a deep-dive into current geopolitics with analyst and director Jacob L. Shapiro of Cognitive Investments.Read our continued geopolitical coverage as well as our 15-20 weekly macro articles at Stenoresearch.com. Sign up for a 14 day free trial and use the promo code 'macro30' for 30% off your first purchase.Hosts: Andreas Steno and Mikkel RosenvoldGuest: Jacob L. Shapiro (@JacobShapiro)
Jul 2, 2023 • 52min
The weird resilience of the EUR - Guest: Jens Nordvig
The EUR and European equities have proven surprisingly resilient to a string of weak data from Europe. Why is the EUR trade not rolling over? Andreas Steno hosts fellow Dane Jens Nordvig for a discussion on the Euro area. Remember that you can get 30% off your subscription at www.stenoresearch.com with the discount code “Macro30”
5 snips
Jun 25, 2023 • 40min
Housing rebounds - time to call off the recession? Guest: Warren Pies
Housing is rebounding and all the sudden the central bank hawks are back on parade. Is it time to call off the recession or will the downside risk increase due to central banks misreading the situation? Andreas Steno and Emil Moller of Steno Research hosts Warren Pies of 3Fourteen Research for a discussion on housing and how to trade it.Read more content from Andreas and Emil on Stenoresearch.com. We provide you with +70 macro insights each month as well as access to our live portfolio and macro datahub. Sign up now for a 14 day free trial and get 30% off your first payment with the code 'macro30'.Hosts: Andreas Steno Larsen and Emil MøllerGuest: Warren Pies, 3Fourteen Research
