Global Multi-Asset Investment Strategist, True Insights

Jeroen Blokland

Global Multi-Asset Investment Strategist

Build Well-Diversified Multi-Asset Portfolios

True Insights

Our research helps investors build well-diversified multi-asset portfolios and profit from market developments. In addition, our unique and proven Macro – Sentiment – Valuation (MSV) investment framework ensures a consistent flow of new investment opportunities. Together with our market views, these opportunities will be reflected in our live ETF-based Global Multi-Asset Portfolios.

Macroeconomics

<ul>
<li>China's Local Government Financing Vehicles remain a major obstacle to faster GDP growth and confirm that the country is quickly reaching its debt limits.</li>
<li>A lack of liquidity has kept Chinese stocks from rallying even though central authorities have deployed a massive amount of targeted stimulus measures</li>
<li>My new Bitcoin price projection is between USD 224K and USD 288K, two to seven years from now. </li>
</ul>


China's Local Government Financing Vehicles remain a major obstacle to faster GDP growth and confirm that the country is quickly reaching its debt limits.
A lack of liquidity has kept Chinese stocks from rallying even though central authorities have deployed a massive amount of targeted stimulus measures
My new Bitcoin price projection is between USD 224K and USD 288K, two to seven years from now. 


Senior Cryptocurrency Analyst, Steno Research

Mads Eberhardt

Senior Cryptocurrency Analyst

Macro and Geopolitical Research House

Steno Research

Steno Research is a new macro and geopolitical research house. We are based out of Copenhagen, Denmark, but have an international team and a strong network of sources and partners around the world. The team is lead by Andreas Steno, previous global head of strategy at Nordea Bank, and Mikkel Rosenvold, former chief consultant in the Danish Ministry of Finance.

Crypto

<ul><li>We are witnessing an unexpected showdown in the crypto world.</li><li>On one side stands Larry Fink, co-founder and CEO of BlackRock, the world’s largest asset manager.</li><li>On the opposite side is Gary Gensler, the chair of the U.S. Securities and Exchange Commission (SEC).</li></ul>

We are witnessing an unexpected showdown in the crypto world.On one side stands Larry Fink, co-founder and CEO of BlackRock, the world’s largest asset manager.On the opposite side is Gary Gensler, the chair of the U.S. Securities and Exchange Commission (SEC).

Crypto Crisp: Larry Fink vs. Gary Gensler

Cross Asset Strategy

<ul>
<li>Switzerland sparks the start of a global wave of monetary policy easing. And it’s only March!</li>
<li>Why are central banks already contemplating rate cuts when inflation levels are significantly above target, and the global economy is at full employment?</li>
<li>I explain why investors should pay more attention to the MOVE Index and less to the VIX Index. It comes down to the answer to the question above.</li>
</ul>


Switzerland sparks the start of a global wave of monetary policy easing. And it’s only March!
Why are central banks already contemplating rate cuts when inflation levels are significantly above target, and the global economy is at full employment?
I explain why investors should pay more attention to the MOVE Index and less to the VIX Index. It comes down to the answer to the question above.


The Weekly Market Monitor – Global Monetary Policy Easing Has Begun!

Elias Lisberg Glistrup

<ul><li>Our early conviction in pro-cyclical trends keeps getting confirmed.</li><li>Initially, our nowcast indicator for China signaled a positive outlook, and most notably this week, the Li Keqiang Index has experienced its strongest monthly surge since 1999.</li><li>Consequently, Asian currencies and the AUD still appear undervalued when compared to the early yet unfolding expansion outside the US.</li></ul>

Our early conviction in pro-cyclical trends keeps getting confirmed.Initially, our nowcast indicator for China signaled a positive outlook, and most notably this week, the Li Keqiang Index has experienced its strongest monthly surge since 1999.Consequently, Asian currencies and the AUD still appear undervalued when compared to the early yet unfolding expansion outside the US.

Portfolio Watch: Data green-lighting continued rally – cautious metals however

<ul><li>Recently, we have voiced our concerns about the excessive use of leverage in the crypto market.</li><li>Just last week, traders were facing annual rates of up to 150% to maintain long positions in Bitcoin on the perpetual market.</li><li>By the end of the week, it became evident that this approach was unsustainable, leading to a significant market correction and extensive liquidations in the futures market.</li></ul>

Recently, we have voiced our concerns about the excessive use of leverage in the crypto market.Just last week, traders were facing annual rates of up to 150% to maintain long positions in Bitcoin on the perpetual market.By the end of the week, it became evident that this approach was unsustainable, leading to a significant market correction and extensive liquidations in the futures market.

United States

Virtual currencies are decentralized, math-based digital assets in which transactions can be performed cryptographically without the need for a central issuing authority. The first specification and proof of concept of Bitcoin, the first widely used virtual currency, was published in 2009 based on a paper published pseudonymously by Satoshi Nakamoto.

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Bitcoin (XBTUSD CURNCY)

China Blues, Bitcoin Booms!

China's economic woes are far from over, and Local Government Financing Vehicles are struggling. On the bright side, my Bitcoin price projection is...

Jeroen Blokland

Crypto Crisp: Larry Fink vs. Gary Gensler

We are witnessing an unexpected showdown in the crypto world. On one side stands Larry Fink, co-founder and CEO of BlackRock, the world’s largest...

Steno Research

The Weekly Market Monitor – Global Monetary Policy Easing Has Begun!

Start your week in financial markets with last week's biggest charts and stories! Start ahead and read the Weekly Market Monitor!

Jeroen Blokland

Portfolio Watch: Data green-lighting continued rally – cautious metals however

Our early conviction in pro-cyclical trends keeps getting confirmed. Initially, our nowcast indicator for China signaled a positive outlook

Steno Research

Crypto Crisp: Profit-Taking

Recently, we have voiced our concerns about the excessive use of leverage in the crypto market. Just last week, traders were facing annual rates...

Steno Research

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